HSBC

VP, CDS Indices Trader

HSBC$210K — $250K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of market making experience in financial trading
  • Bachelor's degree or equivalent work experience
  • Strong verbal and written communication skills with analytical proficiency
  • Ability to multitask and perform under pressure
  • Proficient in managing complex financial instruments
  • FINRA series 7 & 63 licenses are required

Responsibilities

  • Manage market making for CDS index and oversee trading desk operations
  • Execute trades accurately and in a timely manner for targeted clients
  • Handle risk positions while complying with the Bank's risk appetite
  • Achieve defined revenue and return targets set by management
  • Ensure correct ticket entry and maintain communication with the sales desk
  • Provide pricing support to sales and clients following Bank policies
  • Book trades accurately in adherence to internal policy and regulatory standards

Benefits

  • Access to tailored professional development opportunities
  • Robust Wellness Hub
  • Industry-leading volunteerism policy and generous matching gift programs
  • Comprehensive Sustainability and Climate Change Initiatives
  • Engagement with Employee Resource Groups for networking and development
  • Inclusive work environment that values diverse perspectives
Full Job Description
Role Overview:

  • Be responsible for market making for CDS index and managing the desk
  • Provide timely and accurate execution of trades for the Bank's targeted clients in assigned area.
  • Maintain various risk positions whilst adhering to the Bank's risk appetite
  • Achieve revenue, hit ratio and return targets set by management
  • Ensure correct ticket entry and order routing, maintains communication with sales desk and assists in resolving any settlement problems, ensures ticket entry completion and provides general trade support, as necessary
  • Provide pricing to sales force and clients in line with the Bank's policies
  • Ensure all trades are booked to front office position keeping system in accordance with internal policy and regulatory requirements
  • Review daily and/or monthly reports, as assigned.
  • 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


Management of Risk:

Responsible for effectively managing market and credit risks within the limits established for the desk/ business. 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 Bank plc Group standards, manuals and policies and adheres to the defined work practices, internal controls and risk management standards associated with the role.

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.


Knowledge & Experience / Qualifications:
  • Market making experience, detailed knowledge of all aspects of business' trading area
  • 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.
  • Able to understand and manage complex and diverse instruments.
  • FINRA series 7 & 63 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!

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

About HSBC

HSBC Holdings plc is a British multinational investment bank and financial services holding company. It is the second largest bank in Europe, with total assets of US$2.984 trillion (as of August 2021). HSBC traces its origin to a hong in British Hong Kong and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. The company was renamed The Hongkong and Shanghai Banking Corporation Limited in 1989.
Learn more about HSBC
Size
219,763 employees
Market Cap
$124.1 billion
Industry
Net Income
$5.2 billion
Founded
1880
5 Year Trend
-3.1%
NASDAQ

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