Director, Structured Products Strategy

HSBC; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

HSBC in New York is seeking a Director to shape the structured products strategy within the US Investment Portfolio. You will assess opportunities, balance risk, liquidity and funding while delivering high‑quality risk analytics.

The role involves trading CLOs, MBS, CMBS, ABS, and collaborating with legal, risk, operations, and control functions to implement governance. You will provide decision support to senior management.

Qualifications

• Experience in Treasury and/or Global Markets in a trading role.
• Deep knowledge of US fixed income markets.
• Structured products expertise including CLOs, MBS, CMBS and ABS.
• Experience supporting trading and modelling, including fixed income analytics.
• Strong hedging knowledge and hedge accounting practices.
• Ability to produce high-quality risk insights and forecasts.

Responsibilities

• Assess Collateralized Loan Obligations (CLO), Mortgage‑Backed Securities (MBS), Commercial Mortgage‑Backed Securities (CMBS) and Asset‑Backed Securities (ABS) investments against funding costs, liquidity value, capital consumption and balance sheet alternatives.
• Identify investment opportunities, set trading strategies and execute trades across Investment Portfolio securities.
• Manage structured products within the bank’s liquid asset and investment portfolios in line with mandate and governance.
• Evaluate portfolio manager quality including investment style, trading behavior, historical performance and portfolio construction discipline.
• Maintain external market and regulatory relationships and communicate relevant trends that impact risk and positions.
• Develop and manage analytics to support forecasting and management of liquidity, market and credit risks.
• Quantify and monitor balance sheet sensitivities including prepayment modelling practices and key risk drivers to inform decisions.
• Embed limit compliance across market risk, RWAs and liquidity and elevate key issues to senior management as needed.
• Maintain model governance for models owned by Markets Treasury.
• Manage operational and conduct risk in day‑to‑day activity including timely escalation within operational risk policy.

Skills

Treasury/Global Markets

US fixed income

Structured products

CLOs

MBS

CMBS

ABS

Fixed income analytics

Hedging

GAAP IFRS

Risk forecasting

Data integrity

Stakeholder mgmt

Communication

Education

CFA charter or equivalent certification

Job description

HSBC in New York is seeking a Director to shape the structured products strategy within the US Investment Portfolio. You will assess opportunities, balance risk, liquidity and funding while delivering high‑quality risk analytics.

The role involves trading CLOs, MBS, CMBS, ABS, and collaborating with legal, risk, operations, and control functions to implement governance. You will provide decision support to senior management.