US Convertible Bonds Trader

Job ID: 0000K2DW

Location: New York, United States

Area of interest: Investment Banking, Markets and Research

Job type: Permanent - Full Time

Work style: Office Working

Opening date: 02-May-2024

Closing date: 07-May-2024

Job description

The role holder will ensure the HSBC values are present in everything we do, both individually and as an Organisation. This will be achieved by consistently:

• Doing the right thing and being dependable
• Being open to different ideas and cultures
• Staying connected to customers, communities, regulators and each other.

Role Purpose

US Convertible Bonds Trading. Member of the Equities Derivatives Trading team in New York

Responsibilities include:

• Support day to day US Convertible Bond trading requests for institutional clients; provide liquidity to clients and manage positions in order to maximize revenue of trading profit
• Manage risks associated to convertible bonds by trading stocks, stock options, futures, IR swap, FX, correlation products, etc.
• Assist in post trade process by accurately booking all the transactions in relevant systems on time
• Independently resolve position and P&L reconciliation
• Maintain risk positions within limits; ensure trading activity is conducted with all appropriate risk parameters and participate in enhancing the current way we manage the positions
• Maintain communication with sales team to build a client franchise.

Management of Risk

• Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking into account changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology.
• Demonstrates compliance with HSBC Group standards, manuals and policies and adheres to the defined work practices, internal controls and risk management standards associated with the role.

Observation of Internal Controls

• Maintains HSBC internal control standards, including the 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 activities associated with the role.

For this role, HSBC targets a fixed pay range between $175.000 and $200,000.

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

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. HSBC may engage in immigration sponsorship for this position if needed.

• Masters qualification in financial or relevant mathematical based degree
• Preferred candidate will have an MBA
• Good understanding of convertible bond and other derivatives products, as well as the market drivers
• At least seven years of experience in working in financial markets
• Practical experience in Python & C++
• Experience in trading European Convertible Bonds
• Has a current or past PRA trading license
• FINRA SIE qualificaton
• Ability to conduct basic fundamental analysis on corporate and securities, including from credit and equity gap risk perspective
• Understand the different type of risks and the ways to manage risks
• Good overview on regulation and accounting, including upcoming changes which impact the industry
• Good understanding of different client business models
• Excellent verbal and written communication skills, with very strong analytical skills.
• Ability to multi-task and to work well under pressure, strong problem-solving and decision-making skills.

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.