Securities Lending Trader, EMEA

Archer; Greater London; On-site; GBP 85,000 - 125,000; Full time

Job summary

Archer is collaborating with HSBC to connect exceptional professionals for a London-based role in Agency Lending. You will optimise an agency lending trading book across fixed income and cash assets within HSBC’s risk and governance framework, balancing liquidity and risk-weighted returns for premier clients.

You’ll manage day-to-day trading decisions, work with clients and counterparties, and contribute to portfolio evaluations and market commentary, with a clear path to professional

Qualifications

• Extensive experience in fixed income agency securities lending trading or related markets.
• Ability to identify and execute revenue opportunities and implement trading strategies across inventory, collateral and liquidity.
• Solid understanding of pricing methodologies and drivers of demand and market dynamics.

Responsibilities

• Manage and optimise an agency lending trading book across fixed income and cash.
• Deliver against business targets including revenue and balance targets using benchmarking tools.
• Monitor performance vs plan and adjust strategies in response to market changes.
• Identify opportunities to raise cash, deploy liquidity and manage term risk within client mandates.
• Maintain input into portfolio evaluations and market commentary reflecting client profiles.

Skills

Agency lending trading

Fixed income

Risk management

Client relationships

Tools

Bloomberg

Global 1

GCS/GHSS

Excel

Job description

Archer is collaborating with HSBC to connect them with exceptional professionals for this role.

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.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil your hopes and realise your ambitions.

The Opportunity

HSBC Agency Lending sits within HSBC Securities Services (SSv) as part of our Markets and Securities Services business, supporting leading asset managers, asset owners, banks and broker-dealers. This London-based role focuses on optimising client revenues through agency securities lending across fixed income and cash assets while operating strictly within agreed client mandates and HSBC’s risk and governance framework. You’ll manage day-to-day trading decisions that balance liquidity, term risk and risk-weighted returns in a regulated environment subject to FCA rules, bank guidelines and relevant licensing requirements. Success means delivering strong risk-adjusted outcomes, maintaining a premier-quality client experience and providing clear input into portfolio evaluations and market commentary.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

What You'll Be Doing

• Manage and optimise an agency lending trading book, allocating inventory predominantly across fixed income and cash to maximise risk-adjusted returns
• Deliver against business performance targets including counterparty and market revenue and balance targets using benchmarking and performance tools
• Monitor performance versus plan and recommend tactical changes in response to evolving market and business conditions
• Identify opportunities to raise cash financing, deploy cash and non-cash liquidity and manage term risk within agreed client mandates
• Manage collateral and liquidity considerations including short- and long-term cash liquidity requirements and contribution to target Return on Risk Weighted Assets (RoRWA) outcomes
• Provide input into portfolio evaluations and market commentary, reflecting client profiles and investment strategies
• Use securities lending and market systems effectively including trading applications, Global 1, custody platforms (GCS/GHSS) and Bloomberg alongside strong Excel capability
• Maintain a premier-quality client experience through timely responses and end-to-end ownership of stakeholder queries

What We’re Looking For

• Bring strong experience in fixed income agency securities lending trading or closely related markets activity such as secured financing and repo ideally with EMEA market coverage
• Demonstrate proven experience identifying and executing revenue opportunities and implementing trading strategies across inventory, collateral and liquidity optimisation
• Apply strong capability in securities lending pricing including pricing methodologies and the drivers of demand and market dynamics
• Show strong understanding of cash reinvestment and cash management in the context of securities lending
• Assess client profiles and investment strategies to optimise risk-versus-return performance within agreed mandates
• Build and maintain counterparty relationships across European market participants such as prime brokers, broker-dealers and repo and funding desks
• Operate with strong risk management and governance discipline including trading within limits and frameworks and escalating issues appropriately
• Partner effectively across wider custody functions including income, settlements and corporate actions to support end-to-end delivery

Shaping Fixed Income Lending

This role offers the opportunity to shape daily trading decisions that matter to clients and to the performance of the agency lending business. You’ll work across fixed income and cash, with close links to clients, counterparties and internal partners while operating within a strong governance framework. If you want to focus on disciplined optimisation, liquidity outcomes and sustainable revenue generation for clients, this role provides clear scope to make an impact from London.

Opening up a world of opportunity.

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 - 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.

If You Have a Need That Requires Accommodations Or Changes During The Recruitment Process, Please Get In Touch With Our Recruitment Helpdesk

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