Job description

Foreign Exchange Options (G10) Trader, supporting the market risk management, pricing and business development relating to Foreign Exchange Derivatives Trading activities.

Impact on the Business

• FX Options pricing and market risk management

• Drives the development of business initiatives with regard to the development of technical trading tools.

• Provides timely and accurate dealing services for clients in the assigned area of FXO trading expertise.

• Manages the firm’s inventory and trading risk under supervision and as assigned in compliance with all applicable regulation within a given business area.

• Deliver fair outcomes for customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

• Provides consistent pricing and market making to sales force and target clients

• Executes firm and customers' trades in accordance with desk Volcker designation and may contribute to the formulation of trading strategies

• Ensures all trades are booked to front office position keeping system on the day they are executed

• Reconciles daily and/or monthly reports, as assigned

• Drives the development of business initiatives with regard to the development of technical trading tools.

Customers / Stakeholders

• Internal clients (trading & sales)

• IT

• Management

Leadership & Teamwork

• Ability to work efficiently with members of the FX team.

• Ability to communicate effectively with other stakeholders.

Operational Effectiveness & Control

• Oversee development of monitoring and relevant reconciliation tools to ensure effective controls

Major Challenges

• Ability to multi-task and to work well under pressure, strong problem-solving and decision-making skills.

• Demonstrate initiative and independent judgment to analyse problems and proactively respond to client issues.

• Coordination with global FX trading team to ensure timely implementation of deliverables.

• Keeping up to date with current developments in the market place

Role Context

• This role will be based in New York, working directly with, and under supervision from, the Americas Head of FX and PM Options

• The business offers clients 24-hour global coverage together with a detailed knowledge of local markets. Our services are offered in more than 60 countries and territories worldwide.

Management of Risk

• Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

Observation of Internal Controls

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

For this role, HSBC targets a fixed pay range between $125,000.00 and $150,000.00

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

• Strong understanding of FX Options risk management, its products, client sets, systems and key processes

• Experience in pricing and risk management

• Ability to provide consistent pricing to clients and managing inventory and risk

• Excellent interpersonal, communication, influencing and collaboration skills

• Track record working in global team and dealing with a diverse group of stakeholders

• Ability to work in a fast paced work environment with continuous changes, including regulatory change

• Mindset and track record challenging the status quo and improving operational efficiency

• Bachelor’s degree or equivalent experience

• Fluency in English and second language is preferable

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 race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.