Credit eTrading, Associate

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

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.

The Credit eTrading / Systematic Trading Associate will support the development, implementation and ongoing monitoring of electronic and systematic trading strategies within the Global Credit and Financing business. This role will contribute to quantitative research, trading analytics and platform enhancements, working closely with flow trading, technology, research and risk teams to deliver scalable, data-driven solutions aligned with HSBC’s strategic objectives and control standards.

As our Credit eTrading, Associate, you will:

• Strategic Support & Collaboration:
  • Support the execution of the systematic trading roadmap by delivering research, analytics and tooling enhancements
  • Work closely with Flow Trading, Technology, Research, Risk and Compliance to ensure solutions are practical, well-controlled and aligned to desk priorities
  • Contribute to a collaborative, inclusive team culture focused on continuous improvement and disciplined delivery
• Trading & Strategy Development:
  • Assist in the design, testing and optimisation of systematic trading strategies across global credit products (e.g., corporate bonds, CDS, Indices, ETFs, repo)
  • Perform quantitative analysis on market and trade data to identify opportunities and validate strategy hypotheses, including transaction cost and liquidity considerations
  • Help implement research outputs into production in partnership with technology teams, including documentation, testing and change control
  • Support initiatives that improve pricing and distribution of credit products into our Wealth client network through better analytics, automation and workflow
• Analytics, Monitoring & Performance:
  • Develop and maintain pre- and post-trade analytics to evaluate execution quality and strategy performance (e.g., TCA, slippage, attribution, regime analysis)
  • Monitor live strategies and key health metrics; investigate performance changes and support timely escalation and remediation where required
  • Produce clear, concise reporting for stakeholders on performance drivers, risks and improvement opportunities
• Risk Management & Governance:
  • Operate within defined risk parameters and support the implementation of monitoring, thresholds and “stop” procedures for systematic strategies
  • Assist with governance requirements including model documentation, testing evidence, change management and responses to risk/compliance queries
  • Maintain high standards of conduct, data usage and control discipline in line with regulatory and internal requirements
• Stakeholder Engagement:
  • Partner with Flow Trading teams to ensure systematic tools and strategies complement the broader flow business and client facilitation
  • Partner with technology, data and infrastructure teams to improve platform resilience, data quality and automation (e.g., alerts, runbooks, incident follow-up)
  • Communicate progress, issues and outcomes effectively across a global, matrixed organisation

You´ll likely have the following skills to succeed in this role:

• Degree in a quantitative discipline (e.g., Mathematics, Physics, Computer Science, Engineering, Finance) or equivalent practical experience
• Direct experience in credit markets, eTrading, systematic trading, quant research, or a closely related role
• Working understanding of global credit markets, products and trading workflows
• Strong programming skills (e.g., Python) and familiarity with software engineering best practices; C++/Java is a plus
• Experience working with market/trade datasets and building analytics (e.g., time series analysis, TCA, performance attribution)
• Demonstrated risk awareness, attention to detail and ability to operate effectively in a controlled environment
• Strong communication and stakeholder management skills; experience working in a global, matrixed organisation is desirable

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

Your final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.