New York, New York

Job description

Job Purpose
  • Revenue generation across index, Forward Trading and ETFs. Trader will contribute to the formulation of strategies
  • Risk management of global indexes and ETFs book (Delta, Dividends, Repo, FX, Corporate Actions)
  • Key contact with Sales and clients, and ensuring client orders are being executed in best possible and respect of HSBC values.
  • Supervision of traders, high levels of responsibility covering the complete cycle of trading process and a specific focus on conduct
  • Communicate commercial opportunities and optimization strategies across, upward and downward
  • Team management and collaboration cross assets and cross regions to increase synergies and revenues

Impact on the Business/Function
  • Effectively maintains various risk positions and manages within position limits, providing liquidity and trade ideas to clients while trading within set limits to help the trading team achieve a given revenue target
  • Appropriately identifies when decisions need to be taken to a high level.
  • Provides consistent pricing and market making to sales force and target clients.
  • Provide feedback to sales and management about Client hit ratio (target, new indexes, replication issues)
  • Collaboration with IT and Quants to enhance trading platform and pricing systems
  • Cross asset collaboration to provide new products to our clients
  • Develop strategies to increase Net revenues and reducing costs (financial resources)
  • Executes firm and customer' trades in accordance with desk Volcker designation, focusing on conduct and HSBC values
  • Reconciles daily and monthly reports (supervision and assignments from manager

Customers/Stakeholders
  • External and Internal Clients: Networks, develops and nurtures client relationships, anticipates and identifies their needs, informing sales about market movements/prices
  • Internal Collaboration: Develop close and effective working relationships within respective Regions/Countries/Functions/Global Businesses
  • Product specialist, joining product committee/workshop with main exchanges
  • External bodies: Builds and maintains relationships with external partners, industry bodies and others to keep up to date with developments
  • Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets

Leadership and Teamwork
  • Communicate a clear vision that is aligned to the overall HSBC vision, Values and goals, and inspires and engages people to create an inclusive, high performing, customer-centered culture
  • Lead, develop and motivate the leadership team to attract, retain and develop the capacity, capability and talent to provide for succession and ensure delivery of business objectives
  • Set expectations, share best practice and manage, monitor, coach and develop team leaders and others to ensure that they maximise their performance, meet the required standards, and continuously develop their capabilities and experience
  • Lead and encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and challenging actions and behaviours that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers

Operational Effectiveness and Control
  • Manage the processes, infrastructure and resources needed to deliver agreed team plans and targets, identifying and implementing improvements and collaborating with colleagues to maximise end to end integration, effectiveness and efficiency
  • Maintain a robust and efficient control environment to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise
  • Lead the development, implementation and maintenance of management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels
  • Lead the implementation and oversight of policy and governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance

Management of Risk
  • The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation
  • This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators
  • The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the 'Three Lines of Defence'. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required
  • The jobholder is responsible for monitor risks of the team are within the limits approved with Risk department (both intraday and overnight)

Observation of Internal Controls
  • The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures. The jobholder will implement the Group compliance policy by adhering to all relevant
  • The jobholder will implement the Group compliance policy by adhering to all relevant processes/procedures. The term 'compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply
  • This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
  • Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite

Requirements
  • Master's Degree level in Maths, Engineering or equivalent
  • The jobholder will be able to demonstrate the certifications and qualifications required to exercise the job mandate has been obtained.
  • Strong experience managing an Index forward trading or Deltaone derivatives book and the risks related to it.
  • A good understanding of counterparty risk and hedge funds in particular
  • Good communication skills and be able to manage relationships effectivey with a range of different stakeholders
  • Knowledge of coding in Python would be a plus
  • Able to manage time and balance multiple priorities effectively

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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New York, New York

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