Equity Derivatives Trader

Equity Derivatives Trader, HSBC Bank USA N.A., New York, NY:

Provide accurate primary and secondary quotations of structured products for institutional and retail clients. Initiate and lead the IT developments to further automate processes applied on the desk. Maintain financial risks with predefined trading limits. Maintain appropriate and smooth communication with Structuring, Sales, and other trading teams. Enhance the current hedging processes. Responsible for complex financial instruments traded on the desk and their associated risks in order to put in place the optimal hedges. Maintain financial instruments to be used in the hedging activity (Options, Swaps, Forwards, Futures, and more complex products).

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Full time employment, Monday – Friday, 40 hours per week, Pay range: $250,000 to $260,000 per year.

Must have a Master’s degree in Financial Engineering, Mathematics, Statistics, Operations Research, or a closely related field and 4 years of related work experience.

Must have 4 years of experience in:

·         Equity derivatives: pricing, trade booking processes, risk management, inventory management, and compliance;

·         Trading within non-linear products (volatility and variance swaps), listed options, and stocks;

·         Handling or managing Equity Derivatives instruments; and,

·         Programming experience in VBA and Python in the context of equity derivatives.

Must have 3 years of experience in backtesting financial strategies using Python.

 
Must have FINRA Series 7 and 63 licenses.

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In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in  the U.S. as HSBC will not engage in immigration sponsorship for this position. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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 competitive benefits package including a robust Wellness Hub, in a welcoming, diverse, and inclusive work environment. You will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. 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!