US Convertible Bond Trader

HSBC Global Services Limited • New York, NY

4d • Onsite

About The Position

As our US Convertible Bond Trader, you will support day-to-day US Convertible Bond trading requests for institutional clients. Your role will involve providing liquidity to clients and managing positions to maximize trading profit. You will also manage risks associated with convertible bonds by trading stocks, stock options, futures, IR swaps, FX, and correlation products. Additionally, you will assist in the post-trade process by accurately booking all transactions in relevant systems on time, independently resolve position and P&L reconciliation, and maintain risk positions within limits. You will ensure trading activity adheres to all appropriate risk parameters and participate in enhancing current position management strategies. Maintaining communication with the sales team to build a client franchise is also a key aspect of this role. This position requires a strong understanding of operational risks, adherence to HSBC Group standards, manuals, and policies, and maintaining HSBC internal control standards, including timely implementation of audit points and compliance with relevant rules and regulations.

Requirements

• Good understanding of convertible bond and other derivatives products, as well as the market drivers
• Ability to conduct basic fundamental analysis on corporate and securities, including from credit and equity gap risk perspective
• Understand the different type of risks and the ways to manage risks
• Good overview on regulation and accounting, including upcoming changes which impact the industry
• Good understanding of different client business models
• Excellent verbal and written communication skills
• Very strong analytical skills
• Ability to multi-task
• Ability to work well under pressure
• Strong problem-solving skills
• Strong decision-making skills
• Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

Responsibilities

• Support day to day US Convertible Bond trading requests for institutional clients
• Provide liquidity to clients and manage positions in order to maximize revenue of trading profit
• Manage risks associated to convertible bonds by trading stocks, stock options, futures, IR swap, FX, correlation products, etc
• Assist in post trade process by accurately booking all the transactions in relevant systems on time
• Independently resolve position and P&L reconciliation
• Maintain risk positions within limits; ensure trading activity is conducted with all appropriate risk parameters and participate in enhancing the current way we manage the positions
• Maintain communication with sales team to build a client franchise
• Continual assessment of operational risks associated with the role and inherent in the business, taking into account changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology
• Demonstrate compliance with HSBC Group standards, manuals and policies and adheres to the defined work practices, internal controls and risk management standards associated with the role
• Maintain HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators
• Understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business activities associated with the role

Benefits

• Tailored professional development opportunities
• Competitive pay and benefits package
• Robust Wellness Hub
• Welcoming and inclusive work environment
• Industry-leading volunteerism policy
• Generous matching gift program
• Comprehensive program of immersive Sustainability and Climate Change Initiatives
• Employee Resource Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed