XVA Product Development Manager

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 their hopes and realise their ambitions.

We’re currently seeking an experienced professional to join our team in the role of XVA Product Development Manager.

You’ll be responsible for executing the XVA change agenda across the end-to-end front-to-back technology stack, acting as the lead delivery partner for the XVA trading desk. You’ll translate trading requirements into controlled, high-quality change, ensuring solutions are aligned to risk, governance, conduct and regulatory expectations.

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.

In this role you’ll:

•         Own and drive the XVA delivery roadmap across front-office pricing and risk, market data inputs, trade capture, downstream processing, P&L/finance impacts, controls and reporting

•         Serve as the primary point of contact for XVA Trading on platform enhancements and change delivery; manage priorities, scope, milestones and dependencies

•         Lead the end-to-end change lifecycle: requirements, solution design, build oversight, testing strategy, release governance, and post-release support

•         Partner with stakeholders across Trading, Quants, Technology, Market/Credit Risk, Finance, Operations and Control functions to deliver outcomes and manage risk

•         Drive improvements to XVA capabilities (e.g., CVA/FVA/FCA/KVA methodologies, sensitivities, workflows, reporting) and reduce manual processes / operational risk

•         Ensure changes meet HSBC standards for controls, auditability, documentation, and model/change governance

•         Uphold the HSBC Code of Conduct, ensuring fair customer outcomes and orderly, transparent market operation

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

•         Extensive experience in product management, business analysis, change delivery, or technology delivery within Markets/Front Office (bank or financial institution)

•         Strong understanding of derivatives lifecycle and the front-to-back impacts of change (risk, finance, operations)

•         Working knowledge of XVA concepts (e.g., CVA/FVA/FCA/KVA), key inputs, sensitivities and reporting implications

•         Proven track record delivering across complex multi-system environments with multiple stakeholders and dependencies

•         Excellent communication and stakeholder management skills, with ability to engage credibly with Trading, Quants and Technology

•         Strong analytical, structured problem-solving, and delivery mindset; able to operate under pressure

•         Familiarity with SA-CVA / FRTB and/or change governance in model/risk-controlled environments

•         Exposure to credit curves / conventions (e.g., CDS mapping) and/or cross-asset derivatives (IRS, CCS, FX, Inflation)

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:

Email: hsbc.recruitment@hsbc.com

Telephone: +44 207 832 8500