Head of Cash Prime and Margin and Risk

HSBC; Greater London; On-site; GBP 130,000 - 180,000; Full time

Job summary

A leading global bank in London is looking for a Global Head of Cash Prime Technology. This role involves managing a technology team of around 100 engineers and driving innovation in risk margin and trading solutions. The ideal candidate will have extensive knowledge of the financial services industry, particularly in prime brokerage, coupled with a proven track record in technology leadership and delivery of complex changes. Strong interpersonal skills and a commitment to diversity and inclusion are essential for success in this position.

Benefits

Diversity and inclusion initiatives

Disability confidence leader

Qualifications

• Strategic leader with deep knowledge of financial services, particularly prime brokerage and cross asset financing.
• Experience in running front office tech teams and managing front office functions.
• Demonstrated ability to deliver complex transformational change.

Responsibilities

• Own and manage a cross-functional technology team of approximately 100 engineers.
• Design platforms in line with the Cross Asset Financing future state architecture.
• Oversee operations ensuring robust governance and compliance.

Skills

Computer Hardware

Accounts Handling

Business Objects

Drafting

Electronics

Execution

Job description

Overview

Join a digital first bank thats powered by people.

Our vision across Corporate and Institutional Banking (CIB) and HBEU Technology is to deliver best in class client and colleague experience through engineering excellence and simplification. We build innovative scalable resilient and secure cutting‑edge technology providing our clients with access to high quality data and services through a consistent experience across location market or device. We are client‑centred organisation championing outstanding service and enhancing client advocacy.

Cash Prime Brokerage is very much a growth area for Cross Asset Financing as the department capabilities are being expanded into new markets in Asia and North America. This has resulted in several large upticks in budget responsibilities and staffing to support that business area. This is expected to continue into 2026 and beyond in line with the business line with the expansion in the department there is also an expansion of the Risk and Margin requirements of that business.

The Global Head of Cash Prime Technology has accountability for the strategic build‑out of the front to back technology platform that supports the cash prime brokerage sub‑asset within Cross Asset Financing. The technology supports the critical prime brokerage operation across Cross Asset Financing where clients assets worth billions are used as collateral for margin loans. The role is responsible for defining and implementing the future state strategy with peers and senior stakeholders across the Cross Asset Financing Front Office Securities Services and Operations functions and integrating that technology across multiple asset classes across Markets and Securities services. The role is also accountable for annual regulatory oversight in the CASS (client asset) review which is an FCA requirement. It is also accountable for the key functions of Risk and Margin technology in support of the business.

Job Requirements

• Leadership: Own and manage a cross‑functional technology team of approximately 100 engineers to deliver innovative and strategic financing risk margin and trading solutions.
• Platform: Design and implement platforms in line with the Cross Asset Financing future state architecture (FSA) collaborating closely with client service trading sales operations and risk teams.
• Risk Management: Oversee both strategic and day‑to‑day operations ensuring robust governance compliance risk management margin and collateral needs across technology platforms in line with HSBCs governance and risk standards.
• Delivery: Drive large‑scale technology initiatives including demise programmes digitization and process improvement to enhance client and business outcomes.
• Ownership: Serve as the Accountable Executive for senior stakeholders business management regulatory and audit requirements across change the bank and run the bank initiatives across the Cash Prime Brokerage estate.
• Stakeholder management: Partner with control functions (legal compliance risk finance) and other key stakeholders across multiple asset classes including Equities Fixed Income and Securities Services to ensure effective oversight and controls.
• Technical Transformation: Enable the digital transformation (DAP) for the sub value stream focusing on digital capabilities to colleagues and clients engineering excellence maturing of agile ways of working and assisting the business to adopt these practices alongside technology.
• Cost: Ensure rigorous and transparent cost management processes for long term sustainable platform costs.
• Regulatory: Representing technology for the annual CASS (client asset) review which is an FCA requirement.

Qualifications

• Financial Services experience: A strategic leader with deep knowledge of the financial services industry and global marketplace particularly prime brokerage and cross asset financing. Demonstratable knowledge of and clear understanding of Custody Transaction Processing Rehypothecation Client Reporting Stock Borrow and Lending Client Billing and Risk and Margin.
• Technology leadership: Experience in running front office Tech teams as well as managing front office functions and senior stakeholders. A broad and comprehensive understanding of the different systems theories and practices relevant to technology.
• Leadership Breadth: Consistently demonstrates cross‑functional experience with a perspective on regional and business activities. Requires very strong abilities in critical thinking creativity and innovation in developing new concepts theories and products to address complex and strategic issues.
• Delivery of Complex Change: Has consistently demonstrated the successful management and delivery of complex transformational change both regionally and globally with demanding deadlines.
• Operational Resilience: Has shown strong ability to adapt and operate through disruptive change. Agile critical thinker able to lead through change at pace and with resilience.
• Effective leadership and management: Proven record of making sound judgments effective leadership including the ability to balance team and individual responsibilities; building teams and consensus; getting things done through others not directly under his/her supervision; and working ethically and with integrity. Proven record of effective management including planning and decision‑making identifying priorities and bringing projects to successful completion in a timely manner; and maintaining a focus on high standards.
• People leader: Strong interpersonal skills ability to work across organizations at all levels. Extensive experience in building and growing a high performing diverse team.
• Future focus: Hands‑on experience across multiple complex domains and technology stacks. Extensive experience and understanding of API technologies. Emerging technologies e.g. AI at scale.

Key Skills

Computer Hardware, Accounts Handling, Business Objects, Drafting, Electronics, Execution

This role is based in London.

Being open to different points of view is important for our business and the communities we serve. At HSBC we are dedicated to creating diverse and inclusive workplaces – no matter their gender, ethnicity, disability, religion, sexual orientation or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long‑term conditions or neurodivergent candidates who meet the minimum criteria for the role.