Associate, Corporate Trust

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

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.

Principal Responsibility

Corporate Trust AVP in Issuer Services forms part of MSS Operations. Issuer Services provides trustee and agency services across seven core products to enable clients to pursue international capital market activities. We expedite movements of cash and securities, protect the rights of interested parties and we assist our colleagues in CIB with the identification of solutions to meet client requirements.

The role holder will primarily be responsible for the effective daily processes and controls in relation to the administration of a portfolio of deals covering corporate bonds, escrows, money market, structured, insurance trusts, and/or project finance transactions. The analyst is responsible for the delivery of services to the client by meeting our contractual obligations. The activities include cash and trade settlement, physical custodian responsibilities and vault management.

Additionally, oversight and support to the wider Corporate Trust Operations teams in India and Malaysia. The holder will work closely with US and Global Service Center Corporate Trust management to ensure end-to-end delivery and management of operational risk.

The candidate will have opportunities to shape the structure, drive system development and automation opportunities and drive a disciplined and sustainable control environment. Strong stakeholder management and operational risk and control mindset is essential.

At a high level

Review documents and ensure the deal is set up correctly on internal systems

Support deal covenant monitoring, fee billing, and periodic account reviews

Ensure payments, administration, and risk are addressed in accordance with contractual requirements, including trustee and agency obligations

Provide timely, high-quality client service, maintaining relationships and meeting contractual obligations

Understand and assess critical client feedback to help shape future service improvements and strategic direction

Review and challenge existing processes and procedures and lead automation opportunities

Own resolutions of reconciliation breaks identified across cash and securities reconciliations, driving issues through to closure within agreed timelines

Minimize risk by implementing controls in line with bank policy, local regulations including SEC Transfer Agency rules, Trust Indenture Act, OCC Reg 9 and tax withholding and reporting requirements

Correspond and effectively communicate with internal and external stakeholders

Collaborate closely with colleagues in US, KL, and KOL ensuring operations workflow is consistent on best practice standards

Support continuous monitoring of controls

You´ll likely have the following qualifications to succeed in this role:

Proven operational experience across products/roles such as conventional debt, custody, corporate actions, escrow, collateral agency, or vault management

Knowledgeable in business purpose and deal structures for Escrow, Project Finance, and Bonds, with the ability to interpret key provisions and operationalize contractual requirements

Effective communication and interpersonal skills for internal and external stakeholder management

Proficient in transaction documentation and trust agreements

Solid process and operational risk understanding

Familiarity with Transfer Agency rules, Trust Indenture Act, and other regulations applicable to the business

Strong in trade cycle settlement through the Fed Reserve, DTCC, and ICSD

Experience in independent decision making and problem solving across multiple teams

Resilient in a pressurized environment, manage priorities effectively and achieve high standards

Capable of working with split location teams/outsourcing responsibilities

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 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!

Your final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location

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.