Common Depository Vault Assistant

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking a professional to join our team in the role of Common Depository Vault Assistant

This role requires to be in the office for all 5 working days

Issuer Services Operations (ISV Ops) is part of the broader Client Operations organization within GBM. ISV Ops is globally aligned, supporting Issuer Services, GB and CMB lending and bond origination. The function is accountable for Corporate Trust Operations, Loan Agency Operations, Loan Administration and functions.

The Common Depository Vault Associate will be responsible for managing the day-to-day activities of the Primary Issuances into the ICSDs for those transactions that ISV are appointed as Issuing and Paying Agent. Where the incumbent will be responsible for ensuring that as Common Depository, we meet our Regulatory requirements for Global Notes and that the ISV Vault is managed in line with these requirements, along with supporting the wider team on our regulatory requirements.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you will:

Ensure all new issuances into the ICSDs the Global Notes are created and held to meet our regulatory requirements around Common Depository

Creation and authentication of Global Notes

Complete the daily activities around the management of the Common Depository Vault and ensure that the Vault is maintained to a high level of accuracy

Reviewing processes in order to identify areas of improvements relating to automation and/or streamlining, risk reduction or control enhancements. Along with driving these changes through to the implementation stage

Completion of daily controls and trackers to ensure all activities are recorded and actions completed.

Establish and maintain operational relationships with peer group client contacts and London CSMs/TMs to ensure strong and efficient processes and open, honest dialogue

Provide operational support and assistance to the Common Depositary, New Issues, Rate Fix teams in the Global Service Centre in Kolkata

Assist with testing in UAT environment in relation to system enhancements.

Manage Ad-Hoc projects that may arise, through working with stakeholders, managing actions points and ensuring timely delivery

Support the Vault Manager in managing any Internal or External Audit and providing the necessary samples requested by stakeholders

To be successful in this role you should have:

Experience in a Corporate Trust environment would be an advantage

Prior settlements experience in either ICSDs or settlements, would be an advantage

Knowledge of capital markets products and financial services processes desirable

Strong communication & client service skills required to build and enhance client relationships

An ability to multi-task and manage frequently changing priorities

Previous experience around CASS regulatory requirements would be beneficial

An ability to work accurately and effectively with minimum supervision

An ability to work effectively as part of a team supporting colleagues where required

Opening up a world of opportunity.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Telephone: +44 207 832 8500