Rates Repo Trader - CDD de 6 mois (f/m/d)

HSBC; Paris; On-site; EUR 90,000 - 170,000; Full time

Benefits offered by this job

Healthcare and life assurance

Pension benefits

Flexible/working arrangements

Employee development programs (HSBC U)

Family-friendly leave

Profit-sharing/variable pay

Job summary

HSBC in Paris is seeking a Rates Repo Trader to price and manage fixed income financing transactions, focusing on repo operations with European securities. You will develop hedging strategies and generate trade ideas while collaborating with Sales, Risk and Trading teams.

The role requires strong trading experience in rates and repo products, plus the ability to manage counterparty risk and build client relationships in a fast-moving market environment.

Qualifications

• Strong trading experience with rates and credit repo products.
• Ability to assess, manage and control counterparty and market risk.
• Understanding hedging strategies across rates, credit and FX.

Responsibilities

• Price and risk-manage fixed income financing transactions, primarily repo transactions involving European fixed income securities.
• Trade and manage a range of related products (stock borrow/lending, forward bonds, cash bonds, FX swaps, futures, swaps).
• Develop cost-effective hedging strategies across rates, credit and FX markets.
• Generate trade ideas and discuss with Sales and clients, building relationships with clients and market participants.
• Monitor counterparty and market risks and adjust as market conditions change.
• Collaborate with Senior Management, Trading, Sales, Risk, Operations, Finance and Legal to support front-to-back deal processing.
• Contribute to improvement of products, tools and processes for the trading desk.

Skills

Rates trading

Repo products

Risk management

Client relationship

Market knowledge

Job description

Being part of HSBC in France, you’ll help evolve and grow our Markets business. We’re looking for a motivated professional to join the growing Cash Financing Solutions Trading team based in Paris.

Are you interested in fixed income financing and financial markets? Do you have strong trading and risk-management skills? Do you enjoy working collaboratively with clients, Sales and colleagues across the organisation? If so, we want to hear from you.

What You Will Do

As a Rates Repo Trader, you’ll price and manage the risk of fixed income financing transactions, with a primary focus on repo transactions involving European fixed income securities. You’ll contribute to sustainable revenue generation, develop client and market relationships, and work with stakeholders across HSBC to optimise the desk’s financial resources and processes.

In This Role You Will

• Price and risk-manage fixed income financing transactions, primarily repo transactions involving European fixed income securities.
• Trade and manage a range of related products, including stock borrow/lending, forward bonds, cash bonds, FX swaps, futures, interest-rate swaps and cross-currency swaps.
• Develop cost-effective hedging strategies across rates, credit and foreign exchange markets.
• Generate trade ideas and discuss them with Sales and clients, building strong relationships with clients, brokers and other market participants.
• Monitor and dynamically manage counterparty and market risks across the portfolio as market conditions change.
• Work closely with Senior Management, Trading and Sales desks, Markets Treasury, ALCM, Risk, Operations, Finance, Legal, Technology and other functions to support efficient front-to-back deal processing.
• Contribute to the improvement of existing products, tools and processes for the trading desk.

You Should Apply If You Have

• Strong trading experience and knowledge of rates and credit repo products, together with a good understanding of wider financial markets.
• The ability to assess, manage and control counterparty and market risk.
• An understanding of hedging strategies across rates, credit and foreign exchange.
• A commercial mindset and the motivation to deliver sustainable revenue.
• Strong communication, relationship-building and interpersonal skills.
• A collaborative approach, combined with self-motivation and the ability to take ownership.
• An interest in developing products, tools and processes in a fast-moving markets environment.

What You’ll Get In Return

HSBC operates multiple variable pay plans, to reflect the diverse nature of the businesses, roles and markets in which we operate. Variable pay is designed to reward colleagues for their individual performance and contribution, as well as the performance of their relevant Business / Infrastructure, and the overall Group.

We offer a comprehensive and competitive package of benefits covering usually covering healthcare, life assurance, pension, and family friendly leaves, as well as many other benefits to support your wellbeing.

• We’ll help you progress your career, including access to development programmes, through HSBC University and our Degreed platform
• You can work your way and will have a say in when, where and how you and your team flexibly work together
• Our benefits will give you financial security, and can include company savings plan (PEE), savings plan for collective retirement, mutual insurance for you and your family, loyalty bonus, a Time Savings Account to monetize untaken off days (CET)…
• A Work Council which offers ticketing, travel, sports, legal aid, Christmas vouchers, Summer break vouchers…
• Our family-focused benefits can help you to support your loved ones and include family events days off (wedding, civil union…), additional maternity or breastfeeding leave, birth bonus, partial reimbursement of childcare costs, assistance to employees taking care of a relative with disability…
• We’ll give you a huge range of resources that support your well-being (yoga, sophrology, Mindfulness app)
• You’ll have international opportunities - this can be your place to start and branch out to anywhere we have offices
• A work environment that promotes Diversity & Inclusion, where you’ll be able to join our different Employee Resource Groups
• These benefits are on top of local usual benefits in France (refund of transport fees at 50%, 5 weeks of paid vacation & RTT, meal voucher card or corporate restaurant depending on location)

HSBC has been certified “Top Employer 2026” in Europe. This recognition from the Top Employers Institute rewards our HR practices and recognises HSBC as an HR Leader in several countries in Continental Europe. Not only is HSBC a great place to work, but we also offer the following unique and exciting benefits & opportunities!

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.

If you have a need that requires accommodations or changes during the recruitment process, please let us know.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

For further information on building your career at HSBC, please visit: www.hsbc.com/careers