Emerging Markets Rates Trader

HSBC; Singapore; Hybrid; SGD 60,000 - 80,000; Full time

Job summary

A leading global bank in Singapore is seeking an experienced Emerging Markets Rates Trader to provide market-making for interest rate derivatives focusing on South Asia. The ideal candidate will have a Bachelor's degree, strong analytical and communication skills, and market-making experience in bonds and derivatives. This role offers a hybrid working style and the opportunity to make a significant impact within a global team.

Qualifications

• Experience in trading both bonds and derivatives markets is required.
• Ability to multi-task and work well under pressure.
• Ability to understand and manage complex and diverse instruments.

Responsibilities

• Market Maker for interest rate derivatives with focus on South Asia and Korea.
• Manage desk market risk and ensure compliance with risk limits.
• Develop and maintain client market contacts.

Skills

Market making experience in bonds

Knowledge of derivatives

Excellent verbal and written communication skills

Strong analytical skills

Problem-solving and decision-making skills

Attention to detail

Education

Bachelor's degree or equivalent

Job description

Area of Interest: Investment Banking, Markets, and Research

Location:

Singapore, SG, 018983

Work style: Hybrid Worker

Date: 20 Jan 2026

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.

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 aEmerging Markets Rates Trader.

In this role you will:

• Market Maker for interest rate derivatives to HSBC customers, with a focus on South Asia and Korea Local currency debt and derivatives. Expertise in INR will be a positive
• Manage and monitor desk market risk and ensure trading activity is in compliance with risk limits. Effectively maintains various risk positions whilst adhering to the Bank’s risk appetite
• Business Development. Develops sales/client/market contacts, and explores possibilities for expanding product market share with the local and regional teams, at a time of increasing competition, narrower margins and increasing regulation
• Maintain a thorough knowledge of the product area including market liquidity and volatility, pricing and trading strategies, and regulatory considerations
• Ensure trading activity is in compliance with the permitted instrument list
• Ensure a culture that is aligned with core HSBC values of responsible conduct at all times
• Maintain high standards of professional conduct and behaviour. Ensure that all transactions deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets; and are in line with the HSBC Code of Conduct
• Cooperate with sales and structuring teams in providing clients tailor‑made products, as needed; assists in ensuring the long term viability of the bank’s trading businesses through the development of new products and improvement of processes
• Contribute to set up of ASEAN buildout
• Digitize bond and IRS offerings

To be successful you will need:

• Market making experience in bonds, interest rates and derivatives with detailed knowledge of all aspects of business’ trading area. Experience in trading both bonds and derivatives markets is required.
• Bachelor's or equivalent University degree, or equivalent work‑related experience.
• Excellent verbal and written communication skills, with very strong analytical skills.
• Ability to multi‑task and to work well under pressure, strong problem‑solving and decision‑making skills, has attention to detail.
• Ability to understand and manage complex and diverse instruments.

The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regards to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. 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.

Issued by The Hongkong and Shanghai Banking Corporation Limited.