Director, Investment Grade Credit Trader

HSBC • New York, NY

5d

About The Position

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.
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.
The role holder will ensure the HSBC values are present in everything we do, both individually and as an Organisation. This will be achieved by consistently displaying the behaviours of:
Dependable and do the right thing
Open to different ideas and cultures
Connected to customers, communities, regulators and each other
Role Purpose
Senior Investment Grade Credit trader with primary responsibility for a newly defined, internationally focused book, centered on Yankee corporates and selected sector exposures
Drive growth of HSBC’s international credit franchise by deepening global client relationships, enhancing connectivity with regional trading and sales teams, and leading risk and return management across the Corps desk in line with the Bank’s risk appetite, conduct standards and regulatory obligations
Act as a senior risk‑taker within the desk, actively managing positions, hedges and limits in accordance with the Bank’s risk appetite and governance framework
Monitor and interpret daily risk, P&L and performance metrics for the book, adapting positioning and trading strategies to achieve revenue, hit‑ratio and return targets
Ensure correct ticket entry and order routing, maintain communication with sales desk and assist in resolving any settlement problems, ensure ticket entry completion and provide general trade support, as necessary
Provide pricing to sales force and clients in line with the Bank’s policies
Ensure all trades are booked to front office position keeping system in accordance with internal policy and regulatory requirements
Review daily and/or monthly reports, as assigned
Ensure that all transactions deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets; and are in line with the HSBC Code of Conduct
Maintain a thorough knowledge of the product area including market liquidity and volatility, pricing and trading strategies

Requirements

• Market making experience, detailed knowledge of all aspects of business’ trading area
• Bachelor’s or equivalent University degree, or equivalent work-related experience
• Excellent verbal and written communication skills, with very strong analytical skills
• Ability to multi-task and to work well under pressure, strong problem-solving and decision-making skills
• Able to understand and manage complex and diverse instruments
• Demonstrates 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

Responsibilities

• Senior Investment Grade Credit trader with primary responsibility for a newly defined, internationally focused book, centered on Yankee corporates and selected sector exposures
• Drive growth of HSBC’s international credit franchise by deepening global client relationships, enhancing connectivity with regional trading and sales teams, and leading risk and return management across the Corps desk in line with the Bank’s risk appetite, conduct standards and regulatory obligations
• Act as a senior risk‑taker within the desk, actively managing positions, hedges and limits in accordance with the Bank’s risk appetite and governance framework
• Monitor and interpret daily risk, P&L and performance metrics for the book, adapting positioning and trading strategies to achieve revenue, hit‑ratio and return targets
• Ensure correct ticket entry and order routing, maintain communication with sales desk and assist in resolving any settlement problems, ensure ticket entry completion and provide general trade support, as necessary
• Provide pricing to sales force and clients in line with the Bank’s policies
• Ensure all trades are booked to front office position keeping system in accordance with internal policy and regulatory requirements
• Review daily and/or monthly reports, as assigned
• Ensure that all transactions deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets; and are in line with the HSBC Code of Conduct
• Maintain a thorough knowledge of the product area including market liquidity and volatility, pricing and trading strategies
• Responsible for effectively managing market and credit risks within the limits established for the desk/ business.
• Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology
• Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators
• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business activities associated with the role, specifically HSBC internal controls and compliance policies and manuals

Benefits

• 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!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level