HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the largest and leading international bank in the Canada, with assets of US$2,522bn as at 31 December, 2017.
HSBC serves customers worldwide through an international network of around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North AfricaWe help companies and individuals across Canada to manage their finances through three global business lines : Commercial Banking, Global Banking and Markets, and Retail Banking and Wealth Management.
It’s this global connectivity that you will find yourself inspired and collaborating with colleagues not just locally but also across continents and cultures.
Global Banking and Markets (GBM) provides financial services and products to corporates, governments and institutions worldwide, building partnerships with them to help them achieve consistent, long-
term performance. We use the strength of HSBC’s international network to connect emerging and mature markets, covering key growth areas.
Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales, and transaction banking.
A Day in the Life of a Vice President, Credit Trading- Global Markets Canada include the following :
Manages the firm’s inventory and trading risk under supervision and as assigned in compliance with all applicable regulation within a given business area.
Principle Accountabilities :
Effectively maintains various risk positions and manages within position limits, providing liquidity and trade ideas to while trading within set limits to help the trading team achieve a given revenue target.
Ensures 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
Provides consistent pricing and market making to sales force and target clients
Monitors all daily electronic trading activity and determines where certain trades should be routed for execution, reviews all activity for accuracy of account information
Executes 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
External & Internal Clients : networks, develops and nurtures client relationships, anticipates and identifies their needs
Internal Collaboration : Develops close and effective working relationships within respective Regions / Countries / Functions / Global Businesses
Support achievement of the HSBC vision, Values, goals and culture in personal behaviour, actions and decision making.
Take personal responsibility for understanding and agreeing performance expectations, completing the necessary mandatory training and developing the levels of capability and competence needed to be effective in the role.
Contribute to team development, effectiveness and success by sharing knowledge and good practice, working collaboratively with others to create a productive, diverse and supportive working environment.
Knowledge & Experience / Qualifications :
5+ years of prior trading experience in fixed income, more specifically credit trading
Entrepreneurial mindset / way of thinking as successful candidates will be pro-active with regards to client engagement, producing trading ideas and thought leadership
Bachelors degree in Finance, Economics, or equivalent work-related experience
Experience working closely with large institutional clients
Ability to be a market maker and manage risk
Excellent communication and interpersonal skills
Able to understand and manage complex and diverse instruments
HSBC Proud In 2017, HSBC Bank Canada was named one of the Best 50 Corporate Citizens by Corporate Knights magazine, in addition to The World’s Best Bank by Euromoney Magazine in its annual Awards for Excellence.
Join HSBC, and benefit from the following :
Career Development : Within your current role, as well as Canadian and international opportunities
Company Reputation : Offering prestige, strength, and longevity
Business Growth : Underpinned by our drive, and the highest banking standards
International Connectivity and impact : Build global relationships and be a part of international initiatives
A diverse workforce : Reflecting our belief that diversity of thought, background and perspective make HSBC a stronger organization
Corporate Sustainability : We build our business for the long term by balancing social, environmental and economic considerations in the decisions we make