21 days old

EM FX Trader

New York, NY 10007
  • Job Code

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 displaying the behaviours of:

  • Dependable and do the right thing
  • Open to different ideas and cultures
  • Connected to customers, communities, regulators and each other.


Role Purpose

  • Market Maker for Bonds and Derivatives, and manages the risk borne from the interest rates trading activities of Global Markets
  • Provides timely and accurate execution of trades for the Bank’s targeted clients in assigned area
  • Effectively maintains various risk positions whilst adhering to the Bank’s risk appetite
  • Achieves revenue, hit ratio and return targets set by management
  • Ensures correct ticket entry and order routing, maintains communication with sales desk and assists in resolving any settlement problems, ensures ticket entry completion and provides general trade support, as necessary.
  • Provides pricing to sales force and clients in line with the Bank’s policies
  • Ensures all trades are booked to front office position keeping system in accordance with internal policy and regulatory requirements
  • Provides market commentary to sales team, and as assigned, produces and reviews periodic reports (e.g. daily and/or monthly reports) and carries out projects, initiatives or studies that may be related to the business
  • Develops sales/client/market contacts, and explores possibilities for expanding product market share with the local and regional teams, at a time of increasing competition, narrower margins and increasing regulation
  • Provides training for junior traders
  • Cooperates with sales and structuring teams in providing clients tailor-made products, as needed; assists in ensuring the long term viability of the bank’s trading businesses through the development of new products and improvement of processes
  • Ensures that all transactions deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets; and are in line with the HSBC Code of Conduct
  • Maintains a thorough knowledge of the product area including market liquidity and volatility, pricing and trading strategies, and regulatory considerations  


Management of Risk

  • Responsible for effectively managing market and credit risks within the limits established for the desk/ business, and optimizing VAR and RWA usage. Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking account of 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, specifically HSBC internal controls and compliance policies and manuals.


Posted: 2022-06-08 Expires: 2022-07-08

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

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EM FX Trader

New York, NY 10007

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