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HSBC Global Private Banking helps high net worth and ultra-high net worth clients manage, grow, and preserve their wealth for generations to come. Our network of global experts helps clients access investment opportunities around the world, plan for future with wealth and succession planning, manage their portfolio with tailored solutions, and find the right support for their philanthropy.
We are currently seeking a high calibre professional to join our team as an Associate Director, FX and Platforms (FX, SP, FI).
Principal Responsibilities
Role Purpose
Reporting to the Global Head of FX and Platforms (FX, SP, FI) for GPB and Wealth this is a senior level role within the Global FX and Platforms team and will be responsible for coordinating and driving the product and platform strategy to deliver capital markets revenue growth.
The role has a strong commercial focus and requires close coordination with the regional products team along with the frontline for addressing client’s investment needs.
Principal Accountabilities
- Develop and implement strategic roadmap for FX and FX derivatives business
- Support the regional product specialists in driving the expansion of derivatives business to align with market trends
- Review and own global frameworks and policies around FX and FX derivatives
- Own the end-to-end process for the FX Margin business including discussion with Risk, Credit Advisory, Global markets, Technology team and other stakeholders
- Develop relationships and help drive approval processes where necessary with 2LOD around issues related to FX and FX derivatives
- Work with global partners to ensure global consistency to product delivery
- Provide Risk management oversight on the FX and FX Derivatives business globally including regular review of the portfolios, exposures and other risk drivers and provide regular updates to senior management
- Regulatory framework review of all MAS, HKMA, FCA, PRA requirements impacting FX, derivatives and precious Metals
- Partner with Product Specialists, Relationship managers and Investment Counselors to promote FX and FX derivatives this includes portfolio analysis, engage in client discussions and conduct Trainings
- Work closely with the Transformation and Technology teams to execute platform strategy for FX, SP and FI by ensuring timely delivery of platform enhancements
- Run and maintain all interbank counterparty relationships across all locations
- Work closely with FX advisors to risk manage client position especially during periods of extreme volatility
- Engage with the GPB&W Models team on key model issues including model review and to ensure that the pricing and margining models are fit for purpose
- Collaborate with various teams to enhance risk management and monitoring of the capital markets business
- Liase with legal and compliance and provide inputs where needed to ensure that confirmations, termsheets, contract notes and other client related documentation are relevant and fit for use
- Represent Global Capital markets team on forums like RMM, GPC on key topics around FX and FX derivatives
- Strong expertise and deep knowledge of the FX and FX derivatives including Structured Products
- Proven expertise in Capital Markets products and platforms with a key focus on forex exchange, structure products and fixed income
- Strong understanding of the Margin FX business within Private banking
- Knowledge of risk drivers for Capital market Products across Equities, Fixed Income, Foreign exchange and Structured products
- Solid and broad experience of working with different stakeholders in the Private bank
- Result driven and experienced in implementing strategy at regional/global level
- Ability to perform well under pressure
- Excellent communication skills and interpersonal skills with the ability to build and maintain excellent relationships with all stakeholders
- Excellent organization skills with Multitasking abilities and attention to details
- Team player, high achiever, quick to learn, positive attitude, strong commercial skills
- Pro-active, Ethical, Keen sense of urgency, high level of professional and personal integrity
- Engineering, Financial or Economics background is preferable
- CFA, FRM, MBA or equivalent would be an asset
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