Associate, Securities Lending Trader

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC, we use our unique expertise, capabilities, breadth, and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities, and the planet we all share

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.

Purpose of the Job

To effectively lend client securities in the Americas to optimize revenues globally, ensuring that a high level of customer service is maintained within the agreed client mandate and risk framework

Environment of the Job

- HSBC Agency Lending sits within the Securities Services (“SSv”) asset class as part of the wider Markets and Securities Services (MSS) business

- SSv provides a range of securities services to a client base which includes sovereign wealth funds, major insurance companies, asset managers, investment banks, government agencies, investment trusts, collective investment schemes, corporates and pension funds

- Securities Services is globally located with major centers in locations including London, Hong Kong, New York and Dubai. Total staff numbers exceed 3,000

- The service range includes global custody, UK sub custody, trustee and depository services, investment administration, performance consultancy, securities lending, treasury and FX

- Assets under custody/administration total c$5trn

- The business is regulated by the FSA

Guidance and Authority

- The jobholder is subject to compliance with FCA and Fed rules, general Bank guidelines and normal budgetary disciplines

- The jobholder makes decisions on individual loans for non-discretionary contracts (within the terms of that contract) and discretionary contracts where full authority is held by the individual to trade at competitive and profitable rates

- The jobholder must comply with all US regulatory and licensing requirements

- Ensure that SSv develops and consistently maintains a premier quality reputation, internally and externally, for the Securities Lending aspects of its business. Support internal functions in the delivery of business priorities

- External stakeholder management – Clients, Counterparts and 3rd party vendors

- Internal stakeholder management – Client Management, Product Management, Treasury Operations and Business Development

- Build trust across regions and locations

- Influencing and negotiating to gain a win-win outcome

- Use input from client and market contacts to contribute to the development of new and enhanced SSv lending products

- Improve client retention and satisfaction though effective delivery and enhanced revenue from the lending products

Risk and Conduct

- High standards of ethics and market conduct

- Trade within the HSBC Governance framework including but not limited to:

- HSS Trading Limits

- HSS Credit Risk Exposures

- Best execution and fair distribution

- Risk awareness and judgement of ad-hoc events which could threaten day to day business and clients.

- Escalation protocols and procedures in accordance with policy.

- Awareness and application of tax, legal and regulatory requirements.

Qualifications - External

- Prior experience in securities lending or a related financing / markets role, with exposure to equity finance, fixed income financing, repo, collateral, or inventory-driven trading activity

- Understanding of securities lending transactions, pricing, and market dynamics, with the ability to balance revenue opportunities with client constraints, liquidity needs, and operational considerations

- Strong understanding of supply / demand dynamics, specials, utilization, collateral structures, and counterparty behavior

- Understanding of client profiles and investment strategies, with the ability to optimize risk and return outcomes within client guidelines and portfolio constraints

- Knowledge of counterparty profiles and market activities, including prime brokers, broker-dealers, repo desks, and funding desks

- Good understanding of the securities lending trade lifecycle and wider custody functions, including income, settlements, corporate actions, recalls, returns, and exception management

- Experience managing inventory allocation and identifying revenue opportunities across a global borrower base

- Experience partnering with internal support teams, including Technology, Operations, Middle Office, and Product, to develop solutions, improve workflows, and enhance efficiency and controls

- Strong analytical skills, commercial judgment, and attention to detail

- Advanced Excel skills required; Bloomberg and relevant trading, financing, or custody platform knowledge preferred. Familiarity with VBA, Python, SQL, or other automation tools is an advantage

- Bachelor’s degree in an applicable field

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 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!

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

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.