Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

We are looking for a high calibre candidate to join the fast-growing Repo Trading team based in New York, servicing our clients across the whole region and globally.

As our Repo Trader you will:

Price and risk manage fixed income financing transactions. The transactions are predominately flow in nature but will have a focus on the Treasury Strips / off-the-run UST Bonds Repo marketEmploying cost effective hedging strategies to manage desk risk. Typical products traded will include repos, stock borrow/lending, and futuresThe primary focus of this role is repo and financing of US Treasury securities as well as corporate bonds. However, because the team size is smaller, the candidate will need to be able to provide cover for traders in various government bond repo sectors and be willing to learn and risk manage in these Rates sectors on a frequent basisGenerating trade ideas, discussing these with Sales and also directly with clients. Be willing to establish strong connections with our clients and work will all our stakeholders in pursuit of the best outcomes. Develop direct trading relationships with other market participantsManage the counterparty and issuer credit risks that are generated in the portfolio. Understand how these exposures evolve overtime and be responsible for dynamically controlling them as market conditions changeWork closely with all our internal Stakeholders including Senior Management, other Trading/Sales Desks, Markets Treasury, Asset and Liability Capital Management, Risk, Operations, Finance, Legal, Technology and all other Functions to understand the financial resources available to the desk and how to optimise those against a backdrop of smooth front-to-back deal processing.

For this role, HSBC targets a pay range between $125,000.00 and $150,000.00

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.