T&TR Project Manager

Location:Greater London


Role Title: T&TR Project Manager

Business: GBM

New or Existing Role? New

Grade: GCB3

Role of the team

The Global Markets Middle Office Product Management Team sits with Global Markets Middle Office. It manages the Global Trade & Transaction Reporting programme, which itself is part of the wider Global Markets Regulatory Programme suite

Wider team

Global Markets Middle Office is a globally aligned, cross asset operational structure positioned equidistant from the Front Office, Operations, Finance and Risk. The TDQ & Reporting component of the GM Middle Office, consists of 3 other primary functions.

  1. Trade Data Quality (TDQ), which provides a series of accuracy and completeness controls across the Trade Data domain;
  2. Trade and Transaction Reporting (T&TR) which is responsible for delivery of our daily T&TR control responsibilities; and
  3. Cross Asset Reporting (XAR) which provides a series on non standard regulatory reporting and controls on behalf of the front office.
  4. Trade and Transaction Product management

Trade & Transaction Product Management

  • Trade & Transaction Product Management is responsible for change management, analysis, definition and delivery of solutions for business requirements resulting from the introduction of new and updated Trade Reporting rules by the various Global Regulatory Bodies, such as HKMA, MIFID2, CFTC, EMIR, and SFTR, working closely alongside the IT function
  • The industry remains under increased regulatory pressure across our businesses as these reporting obligations are put into effect; therefore a substantial amount of cross functional change is required, and is coordinated by the T&TR Product Management Team to ensure HSBC adhere to regulatory objectives in the most time, cost, controlled and technologically efficient manner.

The role of the Project Manager is to support the Product Owner(s), and Global Programme Director to deliver projects within the Global Portfolio.

The PM is responsible for the following activities and deliverables:

  • Responsible for the end to end delivery for Regulatory Change projects (e.g. SFTR, HKMA, MiFID, EMIR, CFTC etc.) and / or internal Strategic Architecture implementations.
  • Manage Front Office stakeholders, Compliance, Asset Class Business Managers and Technology PODs ensuring commitment to the project and deliverables from all required functions are met and ensure sustainable Operational Controls.
  • Working with the Regional Product Owner(s) and project team, deliver Business Requirements, gap analysis, solution design and implementation of business and Technology changes.
  • Coordinate the rule interpretation and impact assessment for the regulatory changes in conjunction with Legal and Compliance.
  • Maintain key programme deliverables such as work-stream plans, status updates, RAID logs, change logs, traceability, programme toll-gates, etc.
  • Create and review with relevant stakeholders the global operating model, business cases and plans to support delivery.
  • Manage the technology and business model changes.
  • Work with the IT delivery PODs and co-ordinators to evaluate the key delivery stages according to any agreed baselined plans, leading solution based discussions to mitigate risks and resolve issues.
  • When making changes, develop a detailed TOM for the business supported with relevant Organisation Design and Operational Controls.
  • Work closely with the business group to drive consistency, control and best practice across the regions.
  • Manage resource schedule, project budget and capacity planning escalating any risks or issues in a timely manner.
  • Drive solutions, action, and unblock problems in a timely, expedient manner, balancing the need for delivery with business and operational risk to acceptable levels
  • Support the identification and development of solutions to mitigate the risks identified as part of the project implementation approach, reporting and escalating, if necessary, issues for resolution.
  • Management of the regulatory risk to the business through the effective business implementation of evolving regulatory requirements.
  • Provide regular communications to stakeholders, including those directly impacted and sponsoring, and those in the wider eco-system