Head of Rates Risk Technology

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If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

Our GCIO organisation plays a critical role for the bank. This team partners with the businesses to build the platforms, systems, and products that our customers use every day. We keep people’s money and data safe, and are at the forefront of driving innovation for our businesses, customers, and colleagues. 

We are currently seeking a high calibre professional to join our team as a Head of Rates Risk Technology.

Global Rates

HSBC’s Global Rates business is a core part of the Markets franchise within Macro, providing clients with access to interest rate products and solutions across major currencies and key regional markets. The business supports a broad client base—ranging from corporates and financial institutions to asset managers, sovereigns and wealth clients —helping them manage interest rate risk, funding needs, and investment objectives.

Role Purpose

The Head of Rates Risk Technology is accountable for the end-to-end delivery of intraday and end-of-day risk capabilities for HSBC’s Global Rates business. Reporting to the Global Head of Rates Technology, the role leads a global organisation of ~60 engineers and SMEs, delivering both business-discretionary and regulatory-driven change at pace, with strong operational resilience and architectural alignment across FICC.

This role partners closely with Rates Trading leadership, Product, Quant leads, and downstream consumers of risk (e.g., Market Risk, Finance, Operations, Regulatory Reporting), ensuring risk technology outcomes are commercially impactful, controlled, and scalable.

Reporting Line

Reports to: Global Head of Rates Technology

Key matrix partnerships: FICC Horizontal Risk Capability Lead, Rates Product Owner, Rates Quant leads, Market Risk stakeholders

Key Responsibilities

Delivery & outcomes

• Own delivery of intraday and end-of-day risk technology for the global Rates business, ensuring accuracy, timeliness, and fitness for purpose across trading and risk management workflows.

• Drive delivery across a portfolio of initiatives spanning:

  • Business discretionary change (best in class risk management capability covering all desks, products and regions, with a focus on consistency, performance, API and AI integrations)

  • Regulatory and control-driven change (FRTB, IBOR, model/risk policy requirements, reporting obligations)

• Ensure robust production stability, incident management, and continuous improvement, with clear service levels and measurable outcomes.

Stakeholder leadership & partnership

• Act as the senior technology partner to Rates Trading Heads and senior business stakeholders, shaping priorities and translating business outcomes into executable technology roadmaps.

• Work closely with the Rates Product Owner to manage backlog, prioritisation, and value delivery; ensure transparent trade-offs across scope, time, cost, and risk.

• Partner with Quant leads to deliver analytics capability improvements and drive towards a highly cost-efficient and capable future state analytics architecture.

• Engage downstream functions to ensure risk outputs are consumable, consistent, and aligned to enterprise data and control standards.

Architecture, strategy & cross-FICC alignment

• Collaborate closely with the FICC Horizontal Risk Capability Lead to ensure architectural consistency across FICC risk platforms (patterns, data contracts, controls, observability, resilience).

• Influence and shape the FICC risk technology architectural vision, ensuring it meets the specific needs of the global Rates business while remaining aligned to strategic direction.

• Drive modern engineering practices and platform evolution (e.g., performance, scalability, hosting strategy, automation, engineering performance as measured by DORA metrics).

People, leadership & operating model

• Lead and develop a global team of ~60 engineers and SMEs, fostering a high-performance, inclusive culture aligned to HSBC values.

• Set clear objectives, accountability, and delivery governance across locations/time zones; build succession plans and strengthen leadership bench.

• Establish effective delivery operating rhythms (planning, dependency management, release governance, risk & control checkpoints).

Essential experience

• Senior technology leadership experience in front-office or risk technology within Markets (Rates strongly preferred; broader FICC acceptable with demonstrable relevance).

• Proven hands-on engineering track record (in addition to leadership), with evidence of personally driving design and delivery of high-performance, scalable solutions in complex, data- and compute-intensive environments

• Proven track record delivering risk calculation and analytics platforms (intraday/EOD), including performance-sensitive and high-availability systems.

• Experience leading large, globally distributed teams (engineering + SMEs) with complex stakeholder environments.

• Strong ability to partner with Trading, Product, and Quants, translating business needs into scalable technology outcomes.

• Demonstrated capability influencing architecture and strategic direction across a federated technology organisation.

Essential skills

• Deep engineering capability: able to engage credibly in solution design and code-level discussions, set engineering standards, and coach teams on building high-throughput, low-latency, resilient systems.

• Excellent stakeholder management and communication at senior levels; able to drive decisions and alignment.

• Strong delivery governance: roadmap management, dependency handling, prioritisation, and execution discipline.

• Sound judgement on risk, controls, and resilience; comfortable operating in regulated environments.