Fixed Income New Issue Associate

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 an exciting new direction, we offer opportunities, support and rewards that will take you further.

We’re one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Fixed Income New Issue Associate

The primary responsibility of the Debt Securities (DS) Operations New Issues team is to manage the operational issuance and settlement process for primary deals supporting the Debt Capital Markets (DCM) group and Treasury function. The team manages the primary closing activities across a wide number of markets and acts as a point of expertise for the global peer group. The New Issues team forms part of the Debt Securities Operations department, which is a function within Markets Operations.

A move across the business allows you to continue to access tailored professional development opportunities, and our fantastic benefits packages.

In this role you will be:

• Deliver end-to-end operational issuance and settlement for primary deals supporting Debt Capital Markets (DCM) and the Treasury function, including Bonds, Tender Offers, Buy Backs, Medium Term Notes (MTNs), Certificates of Deposit (CDs) and Commercial Paper (CP).
•  Act as a key point of coordination with DCM (Origination, Transaction Management and Syndicate), clearing systems, common depositaries, Issuing and Paying Agents (IPAs) and other lead managers to ensure successful deal closings.
•  Monitor and drive pre-matching and settlement readiness, including publishing settlement rates to the business where required.  Manage day-to-day exceptions and breaks linked to issuance activity (e.g., stock/cash breaks, failed trades), ensuring timely resolution, accurate documentation, and clear stakeholder communication.
• Contribute to continuous improvement initiatives to streamline processes, reduce operating risk, and improve efficiency, including readiness for new market issuance and digital issuance developments.  Work closely with offshore sites (e.g., Kuala Lumpur and Manila) to ensure consistent execution and appropriate controls.
•  Build capability to provide supervisory coverage over time through peer coaching, quality checks, and effective escalation management. Risk, control, audit, or regulatory considerations
• The team operates in a high-value, time-sensitive and highly complex transaction environment. Errors can directly impact settlement outcomes, client experience, market reputation and financial exposure. Accountable for operating within the Debt Securities Operations control framework
  
  

To be successful in this role you should meet the following requirements:

• Strong knowledge of debt products settlements, particularly for syndicated issuance, MTNs, CDs, CP, and structured products.
• Experience in Investment Banking New Issues Operations is preferred; however, relevant experience in Middle Office or Investment Operations for structured products will also be considered.
• Strong knowledge of primary closing mechanics for a variety of markets to include but not restricted to, Euroclear, Clearstream, Crest, US, France, Italy and Spain.
• Strong understanding of general Debt Product settlement mechanics.
• Strong understanding of operational risk and control.
• Strong interpersonal skills and able to develop strong relationships with stakeholders with both Markets Operations and the Business Lines supported
• Ability to problem solve, articulate requirements and escalate with minimum input from Regional/Global Heads. Works closely with peers to proactively resolve issues.

Opening up a world of 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