Job description
FX Options Trader, HSBC Bank USA N.A., New York, NY:
Effectively maintain various risk positions and manages within position limits, providing liquidity and trade ideas to clients while trading within set limits to help the trading team achieve a given revenue target. Ensure correct ticket entry and order routing, maintains communication with sales desk and assists in resolving any settlement problems, ensures ticket entry completion and provides general trading activity support, as necessary. Provide consistent pricing and market making to sales force and target clients. Monitors daily electronic trading activity and determines where certain trades should be routed for execution, reviews all activity for accuracy of account information. Execute 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. Networks, develops and nurtures client relationships, anticipates and identifies their needs. Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
Full time employment, Monday – Friday, 40 hours per week, Pay range: $227,000 to $235,000 per year.
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RequirementsMust have a Bachelor’s degree or foreign equivalent in Finance or a related field, plus 7 years of related work experience, of which 5 years are progressive post-baccalaureate related work experience. Alternatively, the employer will accept a Master’s degree or foreign equivalent in Finance or a related field, plus 5 years of related work experience.
Must have 5 years of experience in:
• Market making, making prices and providing liquidity to a broad suite of FX Option clients;
• Liquidity dynamics and market participants;
• Risk management of FX Options positions;
• Vanilla and complex Options products;
• Pricing vanilla and complex Option products;
• Options Trading; and
• Institutional trading.
Employer will accept any suitable combination of education, training or experience.
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In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a competitive benefits package including a robust Wellness Hub, in a welcoming, diverse, and inclusive work environment. You will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!