About the Role
This role is responsible for optimising client revenues through agency securities lending across equities, fixed income and cash assets, while maintaining a high level of client service and operating strictly within agreed client mandates and HSBC’s risk and governance framework. The role operates in a regulated environment and is subject to FCA rules, bank guidelines and relevant licensing requirements.
Responsibilities
- Manage and optimise an agency lending trading book across equities, fixed income and cash, including allocation of inventory to maximise risk-adjusted returns
- Deliver against business performance targets, including counterparty/market revenue and balance targets, and monitor progress using benchmarking and performance tools
- Monitor performance versus plan and recommend tactical changes to respond to market developments and evolving business priorities
- Manage collateral and liquidity considerations, including short-term and longer-term cash liquidity needs, and contribute to target Return on Risk Weighted Assets (RoRWA) outcomes
- Use securities lending and market systems effectively (e.g., Trading applications, Global 1, custody platforms (GCS/GHSS), Bloomberg)
- Maintain a premier-quality client experience, taking personal accountability for timely responses and end-to-end ownership of stakeholder queries
- Contribute ideas for new/enhanced lending products, using client and market feedback to support product development, client retention and revenue growth
- Uphold high standards of ethics, conduct and governance, including compliance with trading limits, credit exposure frameworks, best execution and fair distribution requirements
Requirements
- Strong experience in agency securities lending trading (or closely related markets activity such as secured financing/repo), ideally with EMEA market coverage
- Proven ability to identify and execute revenue opportunities and implement effective trading strategies, including inventory, collateral and liquidity optimisation
- Strong capability in securities lending pricing, including pricing methodologies and the drivers of demand and market dynamics
- Demonstrated ability to build and maintain counterparty relationships across European market participants (e.g., prime brokers, broker-dealers, repo/funding desks) to maximise sustainable income streams
- Strong risk management and governance discipline, with experience trading within limits and frameworks (e.g., trading limits, credit exposures, best execution and fair distribution) and escalating issues appropriately
- Strong stakeholder management skills, with the ability to build trusted relationships with clients, counterparties and internal partners across regions
- Strong analytical capability and attention to detail
Skills
- Excel proficiency
- VBA/programming languages are beneficial
- VBA or other coding/statistical language capability is an advantage
Location
- London
Work Type
- Full-time
Experience Level
- Senior
Benefits
- Tailored professional development opportunities
- Competitive pay and benefits package
- Private healthcare for all UK-based employees
- Enhanced maternity and adoption pay and support when you return to work
- Contributory pension scheme with a generous employer contribution
About the Company
- HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories.
- We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
- HSBC Agency Lending sits within HSBC Securities Services (SSv), part of the wider Markets and Securities Services business.
- Securities Services provides essential services to many of the world’s leading asset managers, asset owners, banks and broker-dealers.
- We help clients access markets, protect assets, manage risk and operate efficiently across increasingly complex and interconnected markets.
Equal Opportunity
- Being open to different points of view is important for our business and the communities we serve.
- At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.
- We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.
- We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.
- If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk: Telephone: +44 207 832 8500
