Values
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 interest rate derivatives to HSBC customers, with a focus on Singapore local currency debt.
- Manage and monitor desk market risk and ensure trading activity is in compliance with risk limits. Effectively maintains various risk positions whilst adhering to the Bank's risk appetite
- Business Development. 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
- Maintain a thorough knowledge of the product area including market liquidity and volatility, pricing and trading strategies, and regulatory considerations
- Ensure trading activity is in compliance with the permitted instrument list
- Ensure a culture that is aligned with core HSBC values of responsible conduct at all times
- Maintain high standards of professional conduct and behaviour. Ensure 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
- Cooperate 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
- Contribute to set up of ASEAN buildout
- Contribute to IBOR to RFR transition in Singapore
- Digitize bond and IRS offerings
Knowledge & Experience / Qualifications
- Market making experience in bonds (especially Singapore local currency debt), interest rates and derivatives with detailed knowledge of all aspects of business trading area. Experience in trading both bonds and derivatives markets is required.
- Bachelor's or equivalent University degree, or equivalent work-related experience.
- 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, has attention to detail.
- Ability to understand and manage complex and diverse instruments.
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.
