Job Description

The HSBC Asset Services Department is responsible for the processing of corporate actions related to equity and fixed income products through the lifecycle of the corporate event. This includes income processing events and all mandatory and voluntary corporate action event types in a custody environment. Primary Responsibilities/Essential Functions: Asset Services support in a custody and broker dealer environment, all components of corporate action processing from event data scrubbing through cash and stock reconciliation - Requires extensive market knowledge of US corporate action events, including mandatory events such as redemptions, reverse/forward splits, stock dividends and mergers. - Strong understanding of processing on DTCC’s platform - Strong understanding of industry regulations and rules - Requires previous oversight and people management responsibilities - Act as liaison with internal/external business partners - Oversight of cash/stock record reconciliations, ensuring timely and appropriate resolution - Products include US Equities and Fixed Income securities Decision-Making Responsibility: - Must interpret corporate action notices and determine HSBC response - Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology - Must ensure all regulatory requirements are understood and met - Performs according to prescribed procedures. Management of Risk - Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations. - Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues. - Provide support and guidance to all internal tax related areas with respect to tax related queries.  - Each employee must promote an environment that supports diversity and reflects the HSBC brand. Observation of Internal Controls - Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments. - Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.   For this role, HSBC targets a fixed pay range between $128,800.00 and $195,000.00. The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location. At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle. In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position. Knowledge and Skill Requirements: - Computer literacy, knowledge of Excel and Word, detailed oriented, good problem solver, should have good communication skills  - Must have strong overall knowledge of Domestic markets, with emphasis on Equity products.  - Knowledge of US markets, Fixed income and Equity products - Minimum of 5 years experience in managing a corporate action team   As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment.  You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC.  We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future! All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.