Securities Lending Trader, EMEA

Archer is collaborating with HSBC to connect them with exceptional professionals for this role.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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 your hopes and realise your ambitions.

HSBC Agency Lending sits within HSBC Securities Services (SSv) as part of our Markets and Securities Services business, supporting leading asset managers, asset owners, banks and broker-dealers. This London-based role focuses on optimising client revenues through agency securities lending across fixed income and cash assets while operating strictly within agreed client mandates and HSBC’s risk and governance framework. You’ll manage day-to-day trading decisions that balance liquidity, term risk and risk-weighted returns in a regulated environment subject to FCA rules, bank guidelines and relevant licensing requirements.

Success means delivering strong risk-adjusted outcomes, maintaining a premier-quality client experience and providing clear input into portfolio evaluations and market commentary.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

• Manage and optimise an agency lending trading book, allocating inventory predominantly across fixed income and cash to maximise risk-adjusted returns
• Deliver against business performance targets including counter party and market revenue and balance targets using benchmarking and performance tools
• Monitor performance versus plan and recommend tactical changes in response to evolving market and business conditions
• Identify opportunities to raise cash financing, deploy cash and non-cash liquidity and manage term risk within agreed client mandates
• Manage collateral and liquidity considerations including short- and long-term cash liquidity requirements and contribution to target Return on Risk Weighted Assets (RoRWA) outcomes
• Provide input into portfolio evaluations and market commentary, reflecting client profiles and investment strategies
• Use securities lending and market systems effectively including trading applications, Global 1, custody platforms (GCS/GHSS) and Bloomberg alongside strong Excel capability
• Maintain a premier-quality client experience through timely responses and end-to-end ownership of stakeholder queries

• Bring strong experience in fixed income agency securities lending trading or closely related markets activity such as secured financing and repo ideally with EMEA market coverage
• Demonstrate proven experience identifying and executing revenue opportunities and implementing trading strategies across inventory, collateral and liquidity optimisation
• Apply strong capability in securities lending pricing including pricing methodologies and the drivers of demand and market dynamics
• Show strong understanding of cash reinvestment and cash management in the context of securities lending
• Assess client profiles and investment strategies to optimise risk-versus-return performance within agreed mandates
• Build and maintain…