Associate/Associate Director, Credit Repo Trader

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. 

HSBC Global Banking and Markets is an emerging markets-led, financing-focused business that provides investment and financial solutions. Through our international network, we connect emerging and mature markets, covering key growth areas. We partner with our corporate, government and institutional clients to help them achieve consistent, long-term performance. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking.

We are currently seeking an Associate or Associate Director, Credit Repo Trader

The role holder will also ensure the HSBC values are present in everything they 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.

Responsibilities:

- Price and risk manage fixed income financing transactions. The transactions are predominately flow in nature but also do span less vanilla structures and markets as well.
- Employing cost effective hedging strategies across markets in Money Markets, Rates, Credit and Foreign Exchange. Typical products traded will include repos, stock borrow/lending, loans/deposits, cash bonds, FX swaps, futures, interest rate/cross-currency and security based swaps.
- The primary focus of this role is repo and financing of Credit securities from Global  issuers across investment grade and high yield markets. However, because the team size is smaller, the candidate will need to be able to provide cover for traders in global government bond repo markets and be willing to learn and risk manage in these Rates sectors on a frequent basis.  
- Generating trade ideas, discussing these with Sales and also directly with clients. Be willing to establish strong connections with our clients and work will all our stakeholders in pursuit of the best outcomes. Develop direct trading relationships with other market participants.  
- Manage the counterparty and issuer credit risks that are generated in the portfolio. Understand how these exposures evolve overtime and be responsible for dynamically controlling them as market conditions change. 
- Work closely with all our internal Stakeholders including Senior Management, other Trading/Sales Desks, BSM, ALCM, Risk, Operations, Finance, Legal, Technology and all other Functions. To understand the financial resources available to the desk and how to optimise those against a backdrop of smooth front-to-back deal processing.

- Well-developed trading skill set in at least one of Credit, Rates or some Money Markets products combined with a good understanding of the wider markets.
- Have some knowledge and a strong interest to constantly learn more about Asian credit issuers; especially from the high yield sector. Should understand credit and counterparty risk well. 
- Being motived to work towards revenue targets in a sustainable manor. 
- An interest to improve existing and create new products, tools and processes for the desk.
- Have strong skills in team working and a passion to continue to work as part of a team for most tasks throughout the working day. Also needing a high degree of self-motivation. 
- Strong communication and interpersonal skills. The role requires the trader to work closely and develop new relationships with Sales, clients, brokers, other market counterparties and all Functions.

The location for this role is London.

Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an on-going basis.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse. 

Email: hsbc.recruitment@hsbc.com 

Telephone: +44 207 832 8500