HSBC Group

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.

WPM supports the CIB LOB. WPM’s role is to improve portfolio risk management and risk/return on the credit portfolio through managing key LOB processes such as deal origination, loan sales and hedging.  

The WPM (Trading & Hedging) Vice President role will be involved in all aspects WPM hedging and loan sales execution, credit portfolio monitoring & MI, risk reviews & analysis, risk management and capital allocation within the CIB business. The role requires working closely with the, WPM origination team,  CIB customer coverage teams and with the 2nd line of defense (Risk and Finance).

 Here's what you can expect:

Primary Responsibilities / Essential Functions:

• Execute and book trades of Credit Default Swap (CDS)

• Execute Loan Sales
• Prepare a Daily Flash P&L for the hedge book (CDS, CLO)
• Ongoing management of the CLO (a structured Portfolio transaction)
• Provide analysis for CDS hedging and loans sales
• Support compliance processes for trading (CDS/Loan sales)
• Prepare a Monthly Credit Portfolio MI and Hedge/Loan sales reporting for management and Risk & Finance
• Provide WPM and management ad hoc risk/return analysis as needed (may include sector and stress test analysis)
• Support WPM and broader efforts to improve portfolio data quality and transparency
• Actively support and work with 2nd Line of Defense (Risk and Finance) on risk management processes (may include Risk Limit and Stress test processes (e.g. CCAR))
• Assist with implementing, as appropriate, WPM relevant regulatory and internal policy/guideline changes, including communication and support to origination teams
• Assist, as needed, in resolving WPM relevant audit points and issues raised by regulators
• Support ad hoc projects/initiatives to improve the management of the credit portfolio (for example Economic Capital)

For this role, HSBC targets a pay range between $150,000.00 and $180,000.00

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.

You´ll likely have the following qualifications to succeed in this role:
 

• Excellent analytical skills.
• Strong verbal and written communication skills.
• Strong Excel modeling skills (Excel VBA is a plus
• Python progamming skills a plus
• Minimum Bachelor degree, ideally in Finance, Economics, Mathematics, Financial Engineering or other quantitative disciplines.
• Prior banking experience preferred background in Trading (Credit Risky products),  Credit & Lending, Risk Management or Risk/Return analysis is a plus.
• Understanding of risk management with knowledge of regulatory and economic capital
• Strong Multitasking abilities required

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. HSBC may engage in immigration sponsorship for this position if needed.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.