Head of Structured Products

Location: New York

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. HSBC may engage in immigration sponsorship for this position if needed.

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.

Ready to shape structured products strategy in our US investment portfolio?

Why HSBCHSBC is one of the largest banking and financial services organizations in the world. Guided by our purpose of opening up a world of opportunity, our ambition is to become the world’s most trusted bank globally, putting customers at the heart of everything we do.

The Role Markets Treasury manages the HSBC Bank USA N.A. Investment Portfolio and plays a central role in structural interest rate risk and balance sheet strategy. This Director role sits within a trading mandate and focuses on structured products within the Investment Portfolio, balancing risk, liquidity and funding priorities with agreed financial targets. You’ll assess opportunities and execute trades across investment securities while ensuring the portfolio remains within internal and external limits across market risk, liquidity and capital.

The role partners closely with legal, risk, operations, product control and other stakeholders to implement balance sheet solutions through HSBC governance. Success means delivering high-quality risk analytics and decision support, maintaining strong model governance and keeping senior management informed on key developments. You’ll also contribute to broader transformation initiatives while operating as First Line of Defense for operational and conduct risk.

What you'll be doing

Assess Collateralized Loan Obligation (CLO), Mortgage-Backed Securities (MBS), Commercial Mortgage-Backed Securities (CMBS) and Asset-Backed Securities (ABS) investments against funding costs, liquidity value, capital consumption and balance sheet alternatives

Identify investment opportunities, set trading strategies and execute trades across Investment Portfolio securities

Manage structured products within the bank’s liquid asset and investment portfolios in line with mandate and governance

Evaluate portfolio manager quality including investment style, trading behavior, historical performance and portfolio construction discipline

Maintain external market and regulatory relationships and communicate relevant trends that impact risk and positions

Develop and manage analytics to support forecasting and management of liquidity, market and credit risks

Quantify and monitor balance sheet sensitivities including prepayment modelling practices and key risk drivers to inform decisions

Embed limit compliance across market risk, RWAs and liquidity and escalate key issues to senior management as needed

Maintain model governance for models owned by Markets Treasury Manage operational and conduct risk in day-to-day activity including timely escalation within operational risk policy

What we're looking for Bring substantial experience in Treasury and or Global Markets with proven experience in a trading capacity

Demonstrate deep knowledge of markets and economies including US fixed income markets

Bring portfolio investment securities experience within a banking context

Show strong structured products expertise including CLOs, MBS and CMBS and familiarity with ABSApply established experience supporting trading and modelling including…