Head of Delta One Single Stock and Portfolio Swap Synthetic Trading

Job description

Job description

·  The role requires a strong technical background of trading Total Return Swaps, Single Stock Futures, Stock Borrowing and Lending as well as Custom Baskets.
·  Knowledge of the Americas Delta 1 arena and being able to display strong relationships within the market.
·  A broad understanding of Balance Sheet management with a view to efficiently optimise inventory
·  Focus on Market Making and Flow Trading on US and LATAM Markets within the Sythetic Finance mandate.
·  Responsible for executing trades as directed by sales or responding to RFQs
·  Responsible for pricing, hedging and risk management
·  Strong IT skills essential and display an analytical background
·  Supervision of traders, high levels of responsibility covering the complete cycle of trading process and a specific focus on conduct
·  Team management and collaboration cross assets and cross regions to increase synergies and revenues

Impact on the Business/Function

·  Keeping within all limits set by Credit and Market Risk teams at all time
·  Efficiently manage a large trading book and showcase the ability to show transparent pricing to Sales and Clients alike.
·  Accurate booking in relevant trading systems
·  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)
·  Provides consistent pricing and market making to sales force and target clients
·  Collaboration with IT and Quants to enhance trading platform and pricing systems
·  Appropriately identifies when decisions need to be taken to a high level

Customers/Stakeholders

·  External & Internal Clients: networks, develops and nurtures client relationships, anticipates and identifies their needs.
·  Internal Collaboration: Develops close and effective working relationships within respective Regions/ Countries/Functions /Global Businesses
·  Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets
·  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

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-centred 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.sdfsdfsdf

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 implementation and oversight of policy and governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance
·  Lead the development, implementation and maintenance of  management information, analysis and reporting framework that supports and informs

Management of Risk

·  The incumbant is responsible for managing as well as mitigating operational and conduct risks in their day to day operations
·  Must embrace HSBC’s core values and pillars
·  Adhere to local regulatory policies and trading venue rules applicable to the desk and the balance sheet location the trader is mandated.   
·  Attest on a daily basis that P&L and other risk metrics are correct and are in line with the specific desk mandates.
·  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.
·  Continuously reassessing 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 restructurings, and the impact of new technology.
·  Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.

Observation of Internal Controls

·  Attest to be fully DIM/FIM compliant
·  Immediate escalation to management of any potential or actual breaches.
·  Be procative in helping to strengthen controls on the desk.
·  Adhere to fully and promote HSBC’s Tax Guidelines within the group.
·  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.

Achieving Excellence

·  Aspiring to do and deliver the best for HSBC, its customers, colleagues and stakeholders and persisting in this aim regardless of difficulties and challenges in line with HSBC Values
·  Taking a positive and constructive approach towards problems using appropriate tools and techniques to deal with them swiftly and effectively
·  Implementing business strategies and plans and prioritising activities to make sure the desired results are achieved
·  Understanding what is required to be successful and competitive in the local and global marketplace

Customer – Stakeholder Focus

·  Focusing on customers, colleagues and stakeholders and taking the time to understand them, communicate with them and meet their needs
·  Understanding how their role impacts upon our customers, stakeholders, colleagues, always looking for ways to satisfy them and enhance their experience of HSBC by keeping up-to-date with, and anticipating, their changing needs
·  Delivering the right products, services and solutions to the right customers, colleagues and stakeholders, in the right way and at the right time, in line with HSBC strategy, principles and Values
·  Developing customer/stakeholder insight based on effective personal interactions, learning from experience, gathering and using information appropriately and safely

Driving Sustainable Growth

·  Taking an ethical commercial approach to business opportunities and in your day-to-day work, in accordance with HSBC Values, regulatory principles and global standards, to ensure the long-term sustainability of the business and protection of the HSBC brand
·  Considering the short, medium and longer term impact of decisions and actions
·  Championing and supporting change in the interests of all stakeholders
·  Recognising, respecting and valuing different perspectives and cultures in our business, our customers and our colleagues

Managing Risk Responsibly

·  Being aware of risk and compliance, acknowledging their importance and following or developing appropriate processes and controls
·  Understanding and taking responsibility for applying local and HSBC legal, regulatory and compliance frameworks in all aspects of HSBC's work
·  Taking ownership of risk and compliance and having the courage to question practices and actions in the best interests of protecting HSBC and its customers according to the HSBC Values
·  Balancing the need to manage risk effectively with the need to maximise business opportunities through correct use of appropriate tools and techniques

For this role, the targeted fixed pay is $250,000.

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

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

·  Masters’ degree
·  Looking for a trader with management experience
·  Preferred Series 7 ,63 ,57
·  The jobholder will be able to demonstrate the certifications and qualifications required to exercise the job mandate has been obtained, including but not limited to required FINRA series and CISI FCA UK exam

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.