Trader (Block) is responsible for the timely buying and selling of block orders. Reviews orders to ensure accuracy, proper record keeping, and conformance to regulations. Being a Trader (Block) evaluates market volatility and ensures clients receive the best rate available. Executes stock orders that consist of at least 10,000 shares or that have a value of $200,000 or more. Additionally, Trader (Block) requires a bachelor's degree in area of specialty and may require state licensure. Typically reports to a manager. To be a Trader (Block) typically requires 0-2 years of related experience. Works on projects/matters of limited complexity in a support role. Work is closely managed. (Copyright 2024 Salary.com)
Job description
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 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
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
Skills Competencies
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'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.
Last updated : 2024-03-03