Derivatives Specialist | Edinburgh, UK | Hybrid

HSBC; City of Edinburgh; On-site; GBP 40,000 - 60,000; Full time

Job summary

HSBC is seeking a Derivatives Operations Specialist for their Securities Services team in Edinburgh. The role focuses on managing the full trade lifecycle of derivatives, ensuring accuracy in transaction processing and compliance. Ideal candidates possess strong expertise in derivatives and relevant operational experience. Join HSBC for a rewarding career path with ample opportunities for growth.

Qualifications

• 3-5 years of experience in derivatives operations.
• Strong SME-level knowledge of ETD and OTC derivatives.
• Solid understanding of collateral and margin management.

Responsibilities

• Support day-to-day BAU operations in derivatives processing.
• Ensure accurate trade capture and resolution of margin disputes.
• Perform reconciliations of trades, cash, and positions.

Skills

ETD derivatives

OTC derivatives

Collateral management

Margin management

Reconciliations

P&L attribution

Exception handling

Buy-side accounting

Middle office processes

Tools

Aladdin

Job description

We are seeking an experienced Derivatives Operations Specialist to join our Securities Services operations team. This role is critical in ensuring the smooth and accurate processing of derivatives transactions, with a focus on both Exchange-Traded Derivatives (ETD) and Over-the-Counter (OTC) products.

The successful candidate will be responsible for supporting the full trade lifecycle, including trade capture, margin and collateral management, reconciliations, P&L attribution, and exception handling. You will work closely with internal stakeholders across middle office and fund accounting functions, ensuring operational accuracy and compliance with regulatory standards.

This is an excellent opportunity for a detail-oriented professional with strong SME knowledge in derivatives and a background in Securities Services to contribute to a high-performing team.

Key Accountabilities:

• Support day-to-day BAU operations in derivatives processing, with a focus on ETD and OTC products.
• Ensure accurate trade capture, margin posting, and resolution of margin disputes.
• Perform reconciliations of trades, cash, and positions, ensuring timely resolution of exceptions.
• Collaborate with internal teams to support fund accounting and middle office processes.
• Maintain oversight of collateral and margin workflows from execution through to settlement.
• Contribute to exception management and P&L attribution processes.
• Utilise platforms such as Aladdin for ETD processing and reporting.
• Work closely with programme teams to ensure alignment between current-state operations and future-state design.

Skills and Experience – What you will bring to the role

• 3–5 years of experience in derivatives operations within a Securities Services or fund accounting environment.
• Strong SME-level knowledge of ETD (futures, options) and OTC (interest rate swaps) derivatives.
• Familiarity with buy-side accounting and middle office processes.
• Solid understanding of collateral and margin management, including dispute resolution.
• Experience with trade capture, reconciliations, P&L, and exception handling.
• Working knowledge of Aladdin or similar platforms is highly desirable.

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Either apply direct! Or please contact me on [e-mail].

Please note, in the event of a high volume of applications for this role, we will not be able to respond to each individual applicant. Unfortunately, if you have not been contacted within 7 days we will not be progressing with your application. Thank you for your understanding

At the heart of ManpowerGroup, TAPFIN (Talent Solutions) is the managed service provider (MSP) working in partnership with HSBC. We leverage a blend o...

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