Director Rates Trading

2 weeks ago


Singapore HSBC Full time

  • Job description

Some careers grow faster than others.


If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential.

Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Securities Services provides robust and reliable solutions that enhance performance and mitigate risk, today and in the future.

Working with institutional investors, banks, insurance companies, governments and multinational corporations, Securities Services offers a range of fund administration, global custody, sub-custody and clearing, and corporate trust and loan agency services.

We are currently seeking a high caliber professional to join our team as
Director Rates Trading.

Values


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

  • Market Maker for interest rate derivatives to HSBC customers
  • Manage and monitor desk market risk and ensure trading activity is in compliance with risk limits. Effectively maintains various risk positions whilst adhering to the Bank's risk appetite
  • Business Development. Develops sales/client/market contacts, and explores possibilities for expanding product market share with the local and regional teams, at a time of increasing competition, narrower margins and increasing regulation
  • Maintain a thorough knowledge of the product area including market liquidity and volatility, pricing and trading strategies, and regulatory considerations
  • Ensure trading activity is in compliance with the permitted instrument list
  • Ensure a culture that is aligned with core HSBC values of responsible conduct at all times
  • Maintain high standards of professional conduct and behaviour. 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
  • Cooperate with sales and structuring teams in providing clients tailormade products, as needed; assists in ensuring the long term viability of the bank's trading businesses through the development of new products and improvement of processes
  • Contribute to set up of ASEAN buildout
  • Digitize bond and IRS offerings
Requirements

Knowledge & Experience / Qualifications

  • Market making experience in interest rates, bonds and derivatives (e.g. cross currency swaps), with detailed knowledge of all aspects of business' trading area. Experience in trading both bonds and derivatives markets is required
  • Bachelor's or equivalent University degree, or equivalent workrelated experience
  • Excellent verbal and written communication skills, with very strong analytical skills
  • Ability to multitask and to work well under pressure, strong problemsolving and decisionmaking skills, has attention to detail
  • Ability to understand and manage complex and diverse instruments

Management of Risk


Responsible for effectively managing market and credit risks within the limits established for the desk/ business, and optimizing VAR and RWA usage.

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.

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

Observation of Internal Controls
Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators

You'll achieve more when you join HSBC.
Issued by The Hongkong and Shanghai Banking Corporation Limited.
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