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

HSBC Holdings plc; Paris; On-site; EUR 90,000 - 130,000; Full time

Benefits offered by this job

Healthcare

Pension

International opportunities

Career development

Diversity & Inclusion

Job summary

HSBC in Paris seeks a Rates Repo Trader to price and manage fixed income financing transactions, focusing on European repo. You will trade related instruments, develop hedging strategies across rates, credit and FX, and build strong client and market relationships with Sales and colleagues.

The role emphasizes risk management, collaboration, and ownership in a fast-paced markets environment. You will work with Senior Management, Trading and Sales desks, and other HSBC functions to optimize

Qualifications

• Strong trading experience in rates and credit repo products.
• Ability to assess and control counterparty and market risk.
• Understanding hedging strategies across rates, credit and FX.
• Commercial mindset with a focus on sustainable revenue.
• Strong communication and relationship-building skills.
• Collaborative approach with ownership and initiative.

Responsibilities

• Price and risk-manage fixed income financing transactions, mainly repo involving European securities.
• Trade and manage related products: stock borrow/lending, forward bonds, cash bonds, FX swaps, futures, swaps.
• Develop cost-effective hedging strategies across rates, credit and FX.
• Generate trade ideas and discuss with Sales and clients, building relationships with clients and brokers.
• Monitor counterparty and market risks as conditions change.
• Support front-to-back deal processing with various functions and improve desk tools.

Skills

Rates trading

Repo financing

Fixed income

Risk management

Client relationships

Trade ideas

Collaboration

Tools

Risk systems

Trading desk tools

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.

Even if you feel you do not meet 100% of our qualifications, we encourage you to apply, if you believe this role is right for you.

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