Director, ETD & OTC Clearing Sales

at  HSBC

Job description
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 Global Banking and Markets is an emerging markets-led, financing-focused business that provides investment and financial solutions. Through our international network, we connect emerging and mature markets, covering key growth areas. We partner with our corporate, government and institutional clients to help them achieve consistent, long-term performance. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking.
We are currently seeking a Director, ETD & OTC Clearing Sales to join the Desk in London.
The role holder will also ensure the HSBC values are present in everything they do, both individually and as an organisation. This will be achieved by consistently displaying the behaviours of: Dependable and do the right thing, Open to different ideas and cultures, Connected to customers, communities, regulators and each other.
As Director, in Derivative Clearing Services (DCS), you will be responsible for growing HSBC Listed Derivatives Clearing and OTC Derivative Clearing, institutional client franchise.

Primary Responsibilities/Essential Functions:

• Focus on origination of new ETD and OTC Clearing Institutional mandates.
• Cross selling ETD and OTC Clearing capabilities across MSS divisions.
• Plan regular marketing campaigns to advertise HSBC ETD and OTC Clearing capabilities at flagship industry events.
• Coordinating all aspects of the Clearing origination process with business stakeholders in legal, operations and risk control.
• Develop relationships with Exchanges and Clearing houses, Clearing Brokers, Regulators and Industry bodies.
• Proactively identify and manage risks associated with derivatives clearing activities, ensuring adherence to all regulatory requirements.
• Stay up-to-date on evolving regulations and industry best practices in derivatives clearing and communicate regulatory and industry developments to clients.
• Develop and implement new and innovative clearing solutions to enhance efficiency and profitability.
• Contribute to the development and execution of the bank’s capital allocation strategy for derivatives activities.

Requirements

• Proven working experience in derivatives clearing sales, with a proven track record of mandates origination at a leading Clearing Broker
• In-depth knowledge of derivatives products, clearing house rules, and relevant regulations.
• Strong understanding of risk management principles as applied to derivatives clearing.
• Excellent ability to build and maintain strong relationships with internal and external stakeholders.
• Experience with relevant clearing technologies and systems is highly desirable.

The location for this role is London.
Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an on-going basis.
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. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.
We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse. If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:
Email: hsbc.recruitment@hsbc.com
Telephone: +44 207 832 8500

• Focus on origination of new ETD and OTC Clearing Institutional mandates.
• Cross selling ETD and OTC Clearing capabilities across MSS divisions.
• Plan regular marketing campaigns to advertise HSBC ETD and OTC Clearing capabilities at flagship industry events.
• Coordinating all aspects of the Clearing origination process with business stakeholders in legal, operations and risk control.
• Develop relationships with Exchanges and Clearing houses, Clearing Brokers, Regulators and Industry bodies.
• Proactively identify and manage risks associated with derivatives clearing activities, ensuring adherence to all regulatory requirements.
• Stay up-to-date on evolving regulations and industry best practices in derivatives clearing and communicate regulatory and industry developments to clients.
• Develop and implement new and innovative clearing solutions to enhance efficiency and profitability.
• Contribute to the development and execution of the bank’s capital allocation strategy for derivatives activities