Job Purpose:

  • Primarily responsible for execution of, but not limited to, all trading requirements for the FI Passive business.

Your Responsibilities:

Impact on Business

  • Servicing all trading requirements of the Passive FI team, and any other internal stakeholders, including the Active FI team.
  • Instruments to include IG and HY corporate bonds, government bonds, listed derivatives, mortgages, FX, ETF’s and cash.
  • To ensure trades are executed in accordance with agreed instructions and to add value by ensuring best prices to stakeholders.
  • Ensuring Best execution and Regulatory requirements are adhered to
  • Requirement to adapt and undertake any future trading requirements of the team as it evolves.

Customers / Stakeholders

  • Portfolio Management team – Fi Passive and active and other internal stakeholders
  • Head of Fixed Income Trading
  • Clients
  • Interaction with brokers, operations and other global FI trading teams.

Leadership & Teamwork

  • Integral to the AMEU Dealing Team and more broadly the Investment Team
  • Exhibit the highest degree of teamwork and flexibility, given the small team setup and multiple instruments traded.
  • Best Practice
  • Adherence to HSBC values
  • Collaborate with other global FI dealing teams

Operational Effectiveness & Control

  • Ensure processes are undertaken in the agreed manner in order to achieve the expected outcomes
  • Keep abreast of process evolution in line with regulatory change and industry best practice
  • Ability to demonstrate dealing processes and best practice

Role Context

  • The candidate will have primary responsibility for trading all fixed income instruments on behalf of the FI Passive portfolio management team.
  • To include global corporate bonds –mainly UK, US and European, global government bonds, listed derivatives, fx and some otc instruments.
  • Ideally experience in trading a passive book of business and the relevant trading systems.
  • Requirement to work closely with the PM’s providing market information on liquidity and market conditions.
  • Must have a flexible approach given an integral part of a smaller trading team who execute both active and passive business.
  • The candidate, although primarily responsible for passive trading, will be required to assist and cover for active trading when required.
  • Interaction with other global FI dealing and fund management teams in addition to other departments such as Product, Legal, Compliance, IGM, Monitoring, Risk, Middle and Back offices.
  • Good understanding of the technical infrastructure of trading passive business and OMS systems, settlement and post trade requirements.
  • A proactive person, willing to contribute to the enhancement of trading processes and practices and team development.
  • Ensuring the regulatory framework and internal FIM rules are adhered to.

Role Dimensions

  • Trading for portfolios with overall AUM of approx $8 bln – Passive and Active.
  • Trading volumes of approx. $7bln in FI and 16bln in Fx annually

Major Challenges

  • Ensure efficient and effective trading for stakeholders
  • Maintain and develop existing relationships with brokers, vendors and trading interfaces/platforms.
  • Ensure fair treatment of all our customers
  • Displaying behavior that forms part of the HSBC values and culture and adhering to HSBC risk policies and procedures
  • Operating in line with the FIM
  • Ability to react to changes in market conditions and operate under pressure in line with that expected with the role
  • Ability to adapt to changes in technology and keep abreast of new processes

Observation of Internal Controls

  • The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all the relevant processes/procedures.

Skills and Qualifications:

  • Solid background in fixed income execution, both electronic and voice, with strong experience in corporate bonds
  • Experience in trading global government bonds and fx
  • Solid technical expertise in financial markets and strong work ethic.
  • Excellent communication skills
  • Thorough knowledge of electronic trading platforms such as Bloomberg, Market Axess and Fxall.
  • Highly numerate
  • Ability to work under pressure and a team player
  • In-depth operational know how and a hands-on attitude
  • Ideally with experience of OMS such as Charles River and Bloomberg AIM
  • Awareness of local and global regulatory requirements and best practices.
  • A committed and flexible attitude

Source: for more information click here.

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