Head Of Rates Derivatives - Middle Office

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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 individual to join this team in the role of Head of Rates Derivatives - Middle Office.

This role is within the Debt Derivatives Middle Office function within Market Securities Services Operations.

The primary purpose of this position is to be responsible for the trade capture and life cycle management of all G10 Interest Rate Derivative transactions.

In this role, you will:  

•    Manage timely trade capture for trading and sales team, providing real time risk management
•    Carry out life cycle event processing, compressions and package processing 
•    Drive the identification and progression of continuous improvement initiatives to improve processes, working with line management and Change Management and Technology
•    Provide oversight of key operational risk indicators and ensure appropriate escalation to both sales, trading and operations management where required
•    Manage day to day relationship with front to back teams, involving query management and escalating issues as appropriate, working collaboratively to improve processes and the overall control environment.

To be successful in this role you should meet the following: 

•    Proven background in rates and middle office with direct input into traders risk in addition to experience of large scale process change
•    Excellent attention to detail and ability to prioritise appropriately, comfortable in working under pressure in a fast-paced environment
•    Strong technical product knowledge of both linear and non-linear IRS
•    Experience of running compression cycles and a solid understanding of P&L, risk & margin impact
•    Skills in leadership, coaching and supervision and relevant experience of dealing with senior Front Office stakeholders, preferably from a trading floor environment 

The base location for this role is London.

At HSBC we look to enable our employees to better balance your work / life priorities and have the flexibility required to meet challenging needs as they progress through different life stages. Where possible we will consider the following flexible working options: part-time working, job sharing, term-time working, and working from home and staggered hours. If in considering a new role with HSBC you have a need for some flexibility in your working arrangements please discuss this with the recruitment team in the early stages of the application process.

We believe that being open to a range of perspectives and cultures is vital for our business. We work hard to ensure our diverse and inclusive workplace reflects the communities we serve. We want everyone to achieve their potential – regardless of their gender, ethnicity, disability, religion, sexual orientation or age. If you have a different way of seeing the world, we are interested in hearing from you.

HSBC is committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We are proud members of the Disability Confident Scheme, and will offer an interview to disabled candidates who meet the minimum criteria for the role. If you would like to receive any information in a different way or would like us to do anything differently to help you apply for our roles, please contact our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 2078328500.

Within the workplace you have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has processes in place to avoid nepotism.  This means we will avoid circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.