Director, FX & PM Options Trading

HSBC; Hong Kong; On-site; HKD 1,200,000 - 3,800,000; Full time

Job summary

HSBC in Hong Kong is seeking a high-caliber professional to join our Global Markets team as a Director, FX & PM Options Trading. You will lead foreign exchange options trading, pricing, risk management for FX derivatives, reporting to the Global Head of G10 FXO trading and locally to the EM FXO leadership.

Based in Hong Kong, you will drive strategic initiatives, deliver consistent pricing, manage trading risk within desk limits, and work closely with sales and clients to grow revenue and market

Qualifications

• Pricing and risk management of the G10, Yen, Commonwealth FX & PM Options business during Asia Timezone.
• Drives the development of business initiatives with regard to the development of technical trading tools.
• Generate ideas and solutions to increase revenue generation, market share and hit ratios.
• Provides timely and accurate dealing services for clients in the assigned area of FXO trading expertise.

Responsibilities

• Pricing and risk management of the G10, Yen, Commonwealth FX & PM Options business during Asia Timezone
• Drives the development of business initiatives with regard to the development of technical trading tools
• Generate ideas and solutions to increase revenue generation, market share and hit ratios
• Provides timely and accurate dealing services for clients in the assigned area of FXO trading expertise
• Manages the firm’s inventory and trading risk under supervision and as assigned in compliance with all applicable regulation within a given business area and within desk limit structure
• Deliver fair outcomes for customers and ensure own conduct maintains the orderly and transparent operation of financial markets
• Provides consistent pricing and market making to sales force and target clients
• Executes firm and customers' trades in accordance with desk Volcker designation and may contribute to the formulation of trading strategies
• Ensures all trades are booked to front office position keeping system on the day they are executed
• Reconciles daily and/or monthly reports, as assigned

Job description

Some Careers Have More Impact Than Others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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.

Global Markets is part of our HSBC Corporate and Institutional Banking division, a markets-led, financing-focused business that provides investment and financial solutions. Our Markets business is one of the largest of its kind in the world. It combines sophisticated 24-hour global coverage with a detailed knowledge of local markets. Our services are offered both online and offline in 58 countries and territories. We specialise in foreign exchange, credits and rates, structured derivatives, equities and debt, equity and equity-linked capital markets.

We are currently seeking a high calibre professional to join our team as an Director, FX & PM Options Trading.

Role Purpose

Foreign Exchange Options Trader, supporting the market risk management, pricing and business development relating to Foreign Exchange Derivatives Trading activities. The role will be located in Hong Kong, functionally reporting to the Global Head of G10 FXO trading and locally into the Head of EM FXO trading.

Principal Accountabilities

• Pricing and risk management of the G10, Yen, Commonwealth FX & PM Options business during Asia Timezone
• Drives the development of business initiatives with regard to the development of technical trading tools.
• Generate ideas and solutions to increase revenue generation, market share and hit ratios.
• Provides timely and accurate dealing services for clients in the assigned area of FXO trading expertise.
• Manages the firm’s inventory and trading risk under supervision and as assigned in compliance with all applicable regulation within a given business area and within desk limit structure.
• Deliver fair outcomes for customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
• Provides consistent pricing and market making to sales force and target clients
• Executes firm and customers' trades in accordance with desk Volcker designation and may contribute to the formulation of trading strategies.
• Ensures all trades are booked to front office position keeping system on the day they are executed
• Reconciles daily and/or monthly reports, as assigned.

Leadership & Teamwork

• Ability to work efficiently with members of the FX team.
• Ability to communicate effectively with other stakeholders.
• Increase brand equity & build internal network of contacts

Operational Effectiveness & Control

• Oversee development of monitoring and relevant reconciliation tools to ensure effective controls.
• Help input controls to mitigate operational losses
• Ensure full understanding of products and how to book them

Management of Risk

Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

Observation of Internal Controls

Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Role Dimensions

This role contributes to the overall revenue generation, market share and brand equity objectives of the GFXO group.

Opening up a world of opportunity

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Issued by The Hongkong and Shanghai Banking Corporation Limited