Overview
Assistant Vice President Service Delivery Jobs in Riyadh, Saudi Arabia at HSBC
Title: Assistant Vice President Service Delivery
Company: HSBC
Location: Riyadh, Saudi Arabia
About HSBC:
HSBC Saudi Arabia provides investment banking services to the full spectrum of corporate and institutional clients in both the private and government sectors, including public companies; private companies and establishments; funds; government agencies; and family businesses and offices.
Job Purpose (overall high level summary of the role)
- Manage all trade settlements in Equity, Sukuk and Eruoclear are processed + SBL-OTC-FOB
- Ensure all foreign exchange transactions are processed
- Ensure all subscription to mutual funds are processed
- Manage and ensure Exchange Traded Fund (ETF) creations/redemptions are processed.
- Ensure all fund transfers (inward & outward remittances) are processed including Euroclear.
- Ensure all Corporate Actions for Saudi as well as Euroclear are processed
- Manage and ensure all reconciliations on cash and securities and also resolve breaks
- Ensure all internal control related matters of Custody and Clearing are complete and done in alignment with regulatory and HSBC standards requirements.
- Ensure all transactions and operational processors are executed accurately and on a timely manner
- Monitor cash transactions.
- Ensure billing and invoicing process is completed.
- Confirmation of buying power to brokers and on Tadawul system.
- Manage engagement with external brokers.
Customers / Stakeholders
- Maintain a direct connection with Direct Custody & Clearing team to be able to facilitate requests by clients efficiently and ensure high quality of client service.
- Provides inputs to the Vice President Service Delivery Securities Services on the client needs and operations effectiveness.
- Assist and act as back up for VP Service Delivery.
Qualifications / Experience (For the role – not the role holder. Minimum requirements of the role.)
- Bachelor’s degree in general management or a related field.
- 4-5 years of relevant experience.
- Experience in the banking sector within the region with a focus on Securities Services Operations is preferred.
