Trading - Director

HSBC • New York, NY

1d

About The 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.
As our Trading - Director you will:
Support in Managing the Fixed Income Structuring team and market the full suite of Fixed Income products and solutions alongside the sales force
To price Rates and Credit Derivatives products (including, but not limited to, Structured products, Credit Valuation Adjustment (CVA), Funding Value Adjustments (FVA)) and execution when appropriate alongside the relevant trading team
Develop and implement products, including creating and designing new products, customising existing offerings to clients and situations, and obtaining Total Product Lifecycle Advisory Program (TAP) and Third Party Due Diligence (NPDD) product approval
To market the Fixed Income product suite through client presentations, sales teach-ins, and internal marketing
Work closely with the sales teams, Debt Capital Market (DCM), General Manager (GM) Management Office, and other stakeholders
Coordinate with other asset class teams to deliver joint products and solutions
Monitor regulatory and accounting changes at both client and bank level, and review the impacts on rates, credit derivatives, and financing products, including identifying solutions to mitigate them
Manage and review the day-to-day activity on the desk as a supervisor
Monitor that the team’s activities and behaviours comply with all HSBC standards, policies, and procedures (Goals, Signals, Measures (GSM)/File Integrity Monitoring (FIM)), including legal, regulatory, and exchange rules
Ensure all transactions deliver fair outcomes for customers and do not disrupt the orderly and transparent operation of financial markets, in line with the HSBC Code of Conduct
Act on unusual or unacceptable activity or behaviours and to escalate appropriately
You´ll likely have the following qualifications to succeed in this role:
Extensive experience with Financial Markets and knowledge of derivatives products
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, with very strong analytical skills
Ability to multi-task and to work well under pressure, strong problem-solving and decision-making skills
FINRA series 7 & 63 licenses are required
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!

Requirements

• Extensive experience with Financial Markets and knowledge of derivatives products
• 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, with very strong analytical skills
• Ability to multi-task and to work well under pressure, strong problem-solving and decision-making skills
• FINRA series 7 & 63 licenses are required

Responsibilities

• Support in Managing the Fixed Income Structuring team and market the full suite of Fixed Income products and solutions alongside the sales force
• To price Rates and Credit Derivatives products (including, but not limited to, Structured products, Credit Valuation Adjustment (CVA), Funding Value Adjustments (FVA)) and execution when appropriate alongside the relevant trading team
• Develop and implement products, including creating and designing new products, customising existing offerings to clients and situations, and obtaining Total Product Lifecycle Advisory Program (TAP) and Third Party Due Diligence (NPDD) product approval
• To market the Fixed Income product suite through client presentations, sales teach-ins, and internal marketing
• Work closely with the sales teams, Debt Capital Market (DCM), General Manager (GM) Management Office, and other stakeholders
• Coordinate with other asset class teams to deliver joint products and solutions
• Monitor regulatory and accounting changes at both client and bank level, and review the impacts on rates, credit derivatives, and financing products, including identifying solutions to mitigate them
• Manage and review the day-to-day activity on the desk as a supervisor
• Monitor that the team’s activities and behaviours comply with all HSBC standards, policies, and procedures (Goals, Signals, Measures (GSM)/File Integrity Monitoring (FIM)), including legal, regulatory, and exchange rules
• Ensure all transactions deliver fair outcomes for customers and do not disrupt the orderly and transparent operation of financial markets, in line with the HSBC Code of Conduct
• Act on unusual or unacceptable activity or behaviours and to escalate appropriately

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: Director
• Education Level: No Education Listed