Director, Prime/DCS - North America

Job description

Job description

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.

As our Director, Prime/DCS - North America  you will:

· 
Provide “first line of defence” risk management for the Prime Financing, FX Prime Services, Derivatives Clearing Services (DCS) and Repo businesses

· 
Manage the firm’s exposure to clients by setting appropriate margin levels, controlling the amount of financing provided, negotiating strong risk terms with clients including term financing arrangements, setting appropriate client-facing limits, and proactively monitoring the risk within the portfolio

· 
Ensure that the business’s risk stays within the Prime Financing, FX Prime, DCS and Repo market risk mandates and applicable credit limits

· 
Implement and/or manage on an on-going basis a risk management framework across the supported assets/products.

For this role, HSBC targets a pay range is $250,000.00

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.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You´ll likely have the following qualifications to succeed in this role:

·  A Markets background and a detailed understanding of how to measure and manage the market risk of derivatives contracts, across all asset classes
·  A strong understanding of counterparty risk and hedge funds in particular, with hands-on experience of managing client default situations a particular assets
·  Strong communication skills and ability  to manage relationships effectively with a range of different stakeholders
·  Able to manage time and balance multiple priorities effectively
·  Experience with managing the implementation of new risk management systems, risk methodologies, processes and governance
·  Experience with managing people
·  Licences Series SIE, 7 and  63

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

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, diverse 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!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.