Fixed Income Trader

Job description

Role Title: Fixed Income Trader

Business: Asset Management

Grade: GCB4

Role Purpose

· Primarily responsible for execution of, but not limited to, all trading requirements for the Fixed Income business.

Key Accountabilities

Impact on Business

· Servicing all trading requirements of the FI PM teams based in London and any other internal stakeholders as required.
· Instruments to primarily include Green, EM and developed corporate bonds, but also government bonds, listed and OTC derivatives, FX and cash.
· To ensure trades are executed in accordance with agreed instructions and to add value by ensuring best prices to stakeholders.
· Ensuring Best execution and Regulatory requirements are adhered to

Customers / Stakeholders

· Portfolio Management teams – EM, Passive and Active teams based in London and other internal stakeholders
· Head of Fixed Income Trading
· Clients
· Interaction with brokers, operations and other global FI trading teams.

Leadership & Teamwork

· Integral to the AMEU Dealing Team and more broadly the Investment Team
· Exhibit the highest degree of teamwork and flexibility, given the small team setup and multiple instruments traded.
· Best Practice
· Adherence to HSBC values
· Collaborate with other global FI dealing teams

Operational Effectiveness & Control

· Ensure processes are undertaken in the agreed manner in order to achieve the expected outcomes
· Keep abreast of process evolution in line with regulatory change and industry best practice

· Ability to demonstrate dealing processes and best practice

Major Challenges

· Ensure efficient and effective trading for stakeholders
· Maintain and develop existing relationships with brokers, vendors and trading interfaces/platforms.
· Ensure fair treatment of all our customers
· Displaying behavior that forms part of the HSBC values and culture and adhering to HSBC risk policies and procedures
· Operating in line with the FIM
· Ability to react to changes in market conditions and operate under pressure in line with that expected with the role
· Ability to adapt to changes in technology and keep abreast of new processes

Role Context

· The candidate will have primary responsibility for trading all fixed income instruments on behalf of the FI PM teams based in London. To primarily include, hard and local Green and EM, developed global corporate bonds, and also government bonds, listed derivatives, fx and some otc instruments when required.

· Experience required trading corporate and EM cash bonds.

· Requirement to work closely with the PM's providing market information on liquidity and market conditions.

· Must have a flexible approach given an integral part of a smaller trading team who execute on behalf of both Active and Passive business. The candidate, although primarily responsible for trading for the EM team , will be required to assist and cover for active and passive trading when required.

· Interaction with other global FI dealing and fund management teams in addition to other departments such as Product, Legal, Compliance, IGM, Monitoring, Risk, Middle and Back offices.

· Good understanding of the technical nature of trading and OMS systems, settlement and post trade requirements.

· A proactive person, willing to contribute to the enhancement of trading processes and practices and team development.

· Ensuring the regulatory framework and internal FIM rules are adhered to.

Role Dimensions

· Trading for portfolios with AUM of approx $11 bln

· Trading volumes of approx. $10 bln in FI

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 the relevant processes/procedures.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  Solid background in fixed income execution, both electronic and voice, with strong experience in corporate bonds and EM markets.
·  Ideally, but not essential, some experience in trading global government bonds ,OTC derivatives and fx.
·  Solid technical expertise in financial markets and strong work ethic.
·  Excellent communication skills
·  Thorough knowledge of electronic trading platforms such as Bloomberg, Market Axess and Fxall.
·  Highly numerate
·  Ability to work under pressure and a team player
·  In-depth operational know how and a hands-on attitude
·  Ideally with experience of OMS such as Charles River and Bloomberg AIM
·  Awareness of local and global regulatory requirements and best practices.
·  A committed and flexible attitude

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies

We are an equal opportunity employer and are committed to creating a diverse environment.

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