Head of Rates Derivatives Middle Office

Job ID: 0000K4VY

Location: London, United Kingdom

Area of interest: Investment Banking, Markets and Research

Job type: Permanent - Full Time

Work style: Hybrid Working

Opening date: 30-Apr-2024

Closing date: 14-May-2024

Job description

If you're looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills. Bring your knowledge of our brand to a new role and grow yourself 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 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

• Providing oversight of key operational risk indicators and ensuring 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

Requirements

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 would be preferential

The base location for this role is London

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.

If you'd like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 207 832 8500