Hong Kong Equity Cash Trade Support is responsible for providing operational support to all IED risk managers located in HK who execute cash equity trades within all currently 15 Asian markets.
Support is provided primarily in terms of trade processing and position reconciliation. However, HK TSG commonly assist the BU in researching and planning new trade flows that require coordination among other Operations Groups, FCG, etc.
either through the NPA process or through ad hoc requests.
Primary Duties and Responsibilities :
Provide daily risk monitoring and escalation Reconcile equity trading positions including :
Stock Exchange Break Reconciliation
Broker Market Break Reconciliation
Agency Account reconciliation
Omni Account and Miscellaneous Account Reconciliations
FX Position Reconciliation
Change of Cost FX reconciliation
Ad-hoc Taps trade bookings on the back of the various reconciliations
Daily liaison with local and regional IED, answering queries they have in relation to the Cash Equity Trade flow (trade processing issues, FX executions, settlement issues / stock borrow, account opening, etc.
and assisting in the facilitation of their business
Referential Data Setup (Products, Broker Accounts, Broker Delivery Instructions)
Participate in impact analysis and testing for New Product Approvals, industry and regulatory changes and CTB project changes as necessary
Support Regulatory Reporting
Various Risk Control Processes, e.g., review / escalation of T+1 position breaks
Maintain a program of continuous process improvement
Preparation of Risk and Metrics Reports
Supervision of functions completed as vendor and Mumbai teams
Supervision of functions completed in Hong Kong team
Responsible for development of the staff in Hong Kong, including setting challenging targets to foster personal development