Director of Securities Lending - Americas

HSBC; New York (NY); On-site; USD 200,000 - 320,000; Full time

Benefits offered by this job

Wellness Hub

Volunteerism policy

Matching gift program

Sustainability initiatives

Job summary

HSBC Holdings plc in New York seeks a Director to lead a securities lending trading team across the Americas. You will optimize revenues while ensuring client service, governance, and risk controls. Manage a risk book across equity and fixed income and allocate global inventory to meet targets.

You will develop strategies, supervise traders, and engage with counterparties to deliver revenues and robust client outcomes in a regulated environment.

Qualifications

• Substantial trading experience in agency securities lending with Americas focus.
• Oversight of inventory allocation and risk management across equity and fixed income.
• Knowledge of cash collateral settlement pricing and reinvestment mechanisms.
• Understanding of securities lending pricing methodologies for cash and non-cash collateral products.
• Experience with corporate actions trading including Dutch Auctions, Exchange Offers, DRIPs, Scrips, Mergers and Rights.
• Ability to collaborate with clients, counterparts and vendors while coordinating with multiple internal teams.
• Proficiency in Excel; VBA or other programming/liscal language capability is beneficial.
• High standards of ethics and market conduct; escalation in line with policy.

Responsibilities

• Oversee a trading book of risk and allocate global inventory across equity and fixed income securities.
• Execute securities lending transactions across the Americas within client mandates and risk frameworks.
• Identify revenue opportunities and implement trading strategies including inventory and collateral management.
• Monitor performance against annual revenue plans and counterparty and market revenue targets.
• Build and maintain trusted counterparty relationships through proactive engagement.
• Provide input into portfolio evaluations and market commentaries to support client decisions.
• Manage the conduct and performance of a team of traders including day-to-day oversight and development.
• Govern activity within HSBC’s governance framework including trading limits, credit risk exposures and best execution.

Skills

Trading experience

Inventory risk management

Cash collateral pricing

Pricing methodologies

Corporate actions trading

Stakeholder collaboration

Excel VBA

Ethics & compliance

Tools

Excel

VBA

Job description

HSBC Holdings plc in New York seeks a Director to lead a securities lending trading team across the Americas. You will optimize revenues while ensuring client service, governance, and risk controls. Manage a risk book across equity and fixed income and allocate global inventory to meet targets.

You will develop strategies, supervise traders, and engage with counterparties to deliver revenues and robust client outcomes in a regulated environment.