Director Rates Trading

-Job description**Some careers have more impact than others.**

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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.

Our Markets business is one of the largest of its kind in the world. It combines sophisticated 24- hour global coverage with a detailed knowledge of local markets. Our services are offered both online and offline in more than 60 countries and territories worldwide. We specialise in foreign exchange, credits and rates, structured derivatives, equities and debt, equity and equity-linked capital markets.

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 tailor-made 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 and Experience**
- 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.
- This role will focus on the SGD market, specific expertise in SGD Rates, Derivatives, and Bonds will be required for this role; with a preference for 8+ years as an established market maker in these products.
- 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, has attention to detail.
- Ability to understand and manage complex and diverse instruments.

**You’ll achieve more when you join HSBC.**

Issued by The Hongkong and Shanghai Banking Corporation Limited