HSBC Group

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

Principle Responsibilities

• Price and risk manage fixed income financing transactions upon coordinating with offshore trading desks. The transactions are predominately flow in nature but also do span less vanilla structures and markets as well.
• Employing cost effective hedging strategies to manage desk risk. Main products traded are flow repos, structured repo and bond borrows.
• The primary focus of this role is JGB repo and non-JPY government bonds repo. However, because the team is the sole trading function in MSS Japan, the candidate will need to be able to provide cover for traders in other asset class such as Rates, Credit, FX and Equities; and be willing to learn and risk manage in these sectors on a frequent basis. 
• Generating 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 participants.
• Manage the counterparty, market and liquidity risks that are generated in the portfolio, though market risk is minimal due to back-to-back trading nature. Understand how these exposures evolve overtime and be responsible for dynamically controlling them as market conditions change.
• Work closely with all our internal Stakeholders including Senior Management, other Trading/Sales Desks, MKTY, ALCM, Risk, Operations, Product Control, 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.