Vice President, Clearing Sales

HSBC • New York, NY

7d

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.
Derivatives Clearing Services (DCS) sits within HSBC’s Corporate and Institutional Bank, is responsible for providing clients the ability to execute and clear Futures and Options, as well as clear eligible Interest Rate Swaps, Inflation Swaps, and Credit Default Swap Indexes.
A position is available for an ambitious, hard-working individual who’s keen to learn, build a strong skill set, and grow into a key member of the team. The role requires a proactive approach to supporting and servicing the desk’s largest clients, ensuring high-quality coverage and reliable back-up. As product knowledge and confidence develop, the successful candidate will be expected to engage existing clients more actively, helping to deepen relationships and strengthen our value proposition. Over time, and with increased experience and capability, the individual will take on broader responsibilities, with a clear pathway to developing and building their own client base in the future.

Requirements

• University Degree or advanced qualifications and equivalent experience
• Ability to work in a dynamic, entrepreneurial, fast-paced environment
• A desire to learn, accompanied by a strong work ethic
• Attention to details and strong follow-through

Responsibilities

• Support the day-to-day operations of the desk
• Onboard new accounts and clients onto the DCS platform
• Address customer enquiries related to clearing, portfolio adjustments, and account issues
• Handle client confirmations and bookings
• Conduct daily credit checks, option expiries, and other requested tasks
• Work closely with Operations and IT teams to minimise client experience issues or financial losses
• Investigate OTC trade rejections and identify compression or blending opportunities
• Support product coverage for internal stakeholders and house trading desks
• Identify key functional enhancements to improve services to clients
• Deliver fair outcomes for HSBC’s customers and ensure personal conduct maintains the orderly and transparent operation of financial markets
• Maintain and build existing and new internal and external relationships as aptitude and expertise are demonstrated
• Develop into a revenue producer within the DCS Sales business
• Demonstrate behaviours consistent with HSBC’s diversity policy and the best interests of the business and its customers

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