Purpose of the Job

To effectively lend client securities in the Americas to optimise revenues globally, ensuring that a high level of customer service is maintained within the agreed client mandate and risk framework

Environment of the Job

• HSBC Agency Lending sits within the Securities Services (SSv) asset class as part of the wider Markets and Securities Services (MSS) business.
• SSv provides a range of securities services to a client base which includes sovereign wealth funds, major insurance companies, asset managers, investment banks, government agencies, investment trusts, collective investment schemes, corporates and pension funds.
• Securities Services is globally located with major centres in locations including London, Hong Kong, New York and Dubai. Total staff numbers exceed 3,000.
• The service range includes global custody, UK sub custody, trustee and depository services, investment administration, performance consultancy, securities lending, treasury and FX.
• Assets under custody/administration total c$5trn.
• The business is regulated by the FSA.

Guidance and Authority

• The jobholder is subject to compliance with FCA and Fed rules, general Bank guidelines and normal budgetary disciplines.
• The jobholder makes decisions on individual loans for non-discretionary contracts (within the terms of that contract) and discretionary contracts where full authority is held by the individual to trade at competitive and profitable rates.
• The jobholder must comply with all US regulatory and licensing requirements.
• • Ensure that SSv develops and consistently maintains a premier quality reputation, internally and externally, for the Securities Lending aspects of its business. Support internal functions in the delivery of business priorities.
• External stakeholder management - Clients, Counterparts and 3rd party vendors.
• Internal stakeholder management - Client Management, Product Management, Treasury Operations and Business Development.
• Build trust across regions and locations.
• Influencing and negotiating to gain a win-win outcome.
• Use input from client and market contacts to contribute to the development of new and enhanced SSv lending products.
• Improve client retention and satisfaction though effective delivery and enhanced revenue from the lending products.

Risk and Conduct

• High standards of ethics and market conduct.
• Trade within the HSBC Governance framework including but not limited to:
  • HSS Trading Limits
  • HSS Credit Risk Exposures
  • Best execution and fair distribution
• Risk awareness and judgement of ad-hoc events which could threaten day to day business and clients.
• Escalation protocols and procedures in accordance with policy.
• Awareness and application of tax, legal and regulatory requirements.

For this role, HSBC targets a fixed pay range between $123,600.00 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

• 1 year + trading experience in a related product or asset class.
• Effective management of a book of risk and allocation of global inventory across both equity and fixed income securities.
• Prior regular experience with and understanding of cash reinvestment mechanisms is helpful.
• Meet business performance targets including counterparty/market revenues:
  • Revenue opportunity identification
  • Implementation of trading strategies and ideas including inventory and collateral management
  • Monitor progress against annual revenue plans
• Build and maintain trusted counterparty relationships through proactive engagement.
• Provide input into Portfolio Evaluations and Market Commentary.
• Demonstrate an understanding of:
  • Securities lending pricing methodologies - drivers of demand and pricing, for both cash and non-cash collateral products
  • Client profiles and their investment strategies, in order to optimise risk vs return performance
  • Counterparty profiles and their activities (prime brokers, broker-dealers, repo and funding desks)
  • Wider Custody Functions (Income, Settlements, Corporate Actions)
  • Securities Lending systems - Trading Apps, Global 1, Global Custody Systems (GCS/GHSS), Bloomberg (prior knowledge helpful but not necessary)
• Proficiency in excel is expected. Helpful to have knowledge of coding in VBA and/or other programming/statistical languages but not necessary.

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.