Assistant Manager Trade Mid Office

HSBC
Mumbai
Workplace: OnsiteFull timeFunction: Administration & Executive AssistanceExperience: 2-3 yearsEducation: bachelorsSkills: ["Independent judgement","Stakeholder management","Customer responsiveness","Risk/compliance awareness","Accountability"]

Manage trade guarantees in the mid-office function, ensuring vetting, compliance, and timely handling of issuances, extensions, amendments, cancellations, and claims. Serve as a single point of contact for customer and internal stakeholders, respond to queries within agreed TATs, and monitor commissions, suspense accounts, and daily reporting (including SOX and system-generated reports). Support documentation review, AML/sanctions adherence, and coordination with auditors and relevant teams.

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FursaFursa
HSBC
HSBC
13 hours ago

Assistant Manager Trade Mid Office

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Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI
Last checked: 13 hours agoStatus: Live
Reposted: similar role first listed 2 weeks ago

Job Summary

Manage trade guarantees in the mid-office function, ensuring vetting, compliance, and timely handling of issuances, extensions, amendments, cancellations, and claims. Serve as a single point of contact for customer and internal stakeholders, respond to queries within agreed TATs, and monitor commissions, suspense accounts, and daily reporting (including SOX and system-generated reports). Support documentation review, AML/sanctions adherence, and coordination with auditors and relevant teams.
Location: Mumbai
Workplace: Onsite
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Manager level

Key Responsibilities

  • •Ensure compliance in vetting bank guarantee formats per bank guidelines and legal/regulatory requirements.
  • •Coordinate end-to-end processing for guarantees (issuance, extension, amendment, cancellation, claims) in line with customer requests, SLAs, and TAT.
  • •Act as a single point of contact for customer and R.M. (Operations Service Manager) for issues, delays, and complaints related to guarantee transactions.
  • •Monitor commissions receivables/payables and manage suspense accounts (including balances >90 days) with timely commission recovery and follow-ups.
  • •Review daily reports (including SOX and system-generated reports), reconcile nostro accounts, handle GST and suspense reporting, and liaise with concurrent auditors on queries.

Key Requirements

  • •Bachelor of Commerce with 2-3 years of experience in Credit Administration and/or Banking Operations, preferably in Guarantee/Trade Operations.
  • •Ensure vetting of bank guarantee formats per bank guidelines and safeguard the bank’s interest while meeting legal and regulatory requirements.
  • •Vet guarantee texts for local, counter-guaranteed, and overseas guarantees within agreed SLAs and address customer queries within TAT.
  • •Undertake issuance, extension, amendment, and related approvals based on factual details from HUB system, request letters, and business/legal/compliance/risk inputs.
  • •Complete Anti-Money Laundering (AML) and Sanctions training and post-course assessment as required.
Experience:2-3 yearsBanking operationsCredit administrationTrade/guarantee operations
Education:Bachelor's
Skills:Independent judgementStakeholder managementCustomer responsivenessRisk/compliance awarenessAccountability
Tech Stack:AI-enabled toolsHUB systemSOX reportsMIS reporting

Company Brief

HSBC
Global banking and financial services organisation offering retail, commercial, corporate and investment banking, wealth management, and global markets services across Europe, Asia, the Americas and the Middle East.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1865
Glassdoor
Glassdoor: 3.6
WebsiteLinkedIn