Cash Equities Sales Trader

HSBC is looking for a highly experienced individual to join its New York based Equities Sales Trading team within the Global banking & Markets division.

In this client facing role the candidate will be expected to push the firm’s global strategy with our US client base while working with a highly dynamic team of experienced professionals. The role will include the execution of US-based Hedge Funds with equities mandates, advising clients on market news and events and liaising with our local offices across our global footprint. It would be expected that candidates for this role would come with strong relationships with head traders of institutional and hedge fund clients in both the US and Asia.

The successful candidate will join a growing execution team providing execution advice and expertise to our existing and expanding client base.

The role requires a strong understanding of equity execution across the entire product class including ECM, Risk Trading, High Touch, Program Trading and Electronic Trading.

The candidate will need to articulate changes in market structure, product enhancements and inform clients how best to navigate the changing market structure

The job may include helping to shape external marketing initiatives to increase the HSBC profile in the Execution space including conferences, media and marketing collateral.

Operational Effectiveness & Control

• The job-holder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators

Management of Risk

• The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organization
• This will be achieved by consistently displaying the behaviors that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators
• The jobholder is responsible for managing and mitigating operational and conduct risk in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structures referred to as the 'Three Lines of Defense'. The job holder should understand their position within Three Lines of Defense and operate within operational risk policy, escalating in a timely manner where they are unsure

Observation of Internal Controls

• Display an understanding of and adherence to internal controls, as well as relevant regulatory guidelines and controls, and promote the awareness of the same.
• Maintain awareness of the Operational Risk scenario associated with the role and act in a manner that takes account of operational risk considerations.
• Ensure compliance with operational risk controls in accordance with internal and/or regulatory standards and policies; optimize relations with regulators by addressing inquiries.

For this role, the targeted fixed pay is $250,000.

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 wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

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.

Responsibilities & Knowledge/Experience

• Market HSBC’s US High Touch execution services to predominately US clients.
• Strong account management skills and cross product knowledge.
• Introduce new Hedge Fund clients to the cash and prime business.
• Strong interest and understanding of global financial markets
• A working understanding of equity capital markets and managing the IPO process.
• Adhere to HSBC policy, procedures and control requirements applicable to day-to-day working,
• The candidate will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.
• Suggest ideas and contribute to implementing actions that will improve customer service.

Skills Competencies

• US Licences, Series 7, 57, 63, an absolute requirement.
• 10+ years’ experience in Equities.
• Excellent communication skills - both written and verbal.
• A strong team player willing to work across asset classes and geographies.
• Highly organized, detail oriented and proactive.
• Strong interpersonal skills, intellectual curiosity and judgement.
• Ability to work in a high-paced and dynamic environment.
• Willingness to explore new skills to enhance cross-selling outside of cash-equity.
• Ability to build effective external client relationships.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment.  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!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.