Manager -FX Pricing Desk

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’re currently seeking an experienced professional to join our team in the role of Manager- FX Pricing Desk   

You’ll provide pricing support to Relationship Managers by negotiating FX rates outside standard board rates (where appropriate), in line with approved discretionary pricing guidelines and delegated authorities. You’ll contribute to currency risk management and revenue generation through spread management and support the growth of high-quality deposits by training colleagues on deposit interest rates and supporting customer discussions in line with the Bank’s pricing guidance.

This is not a direct sales role. The focus is enablement of the frontline plus monitoring, control and governance of FX spot pricing and discounting (segregation of duties).

As an HSBC employee in the Channel Islands and Isle of Man (CIIOM) you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all employees, enhanced parental and adoption pay and support when you return to work, and a non-contributory pension scheme with a generous employer contribution.

In this role you will:

• Design and deliver FX spot product training/financial education to frontline colleagues, strengthening product understanding and responsible client support (segregation of duties).
• Act as the Retail FX Spot Product Manager/SME, providing market insight, technical guidance and value-added support to frontline teams and customers (with RMs).
• Independently review pricing requests from frontline and approve/decline with appropriate documentation.
• Provide governance over FX pricing discounts and apply discretionary margins within approved authorities, considering trade size/frequency, relationship value and market conditions.
• Produce pricing proposals and obtain approvals for exception FX spot rates and deposit interest rates in line with pricing guidance and governance.
• Support FX execution by engaging with customers alongside the frontline as required (no client acquisition, origination or sales targets).
• Provide daily oversight of pricing exceptions, including escalation, remediation and transparent reporting.
• Coordinate FX lead management and follow-up to ensure tracking and closure in line with agreed processes.
• Ensure the FX Pricing Desk operates effectively and adheres to agreed monitoring and control processes.

Key skills/knowledge:

• Familiarity with FX deal capture/processing systems (e.g. MWS, Evolve Elite) or equivalent.
• Working knowledge of House View and FX Insight to support pricing, execution and client discussions.
• ACI Dealing Certificate (completed).

To be successful, you should have:

• Degree in Finance/Economics/Accounting/Business (or related) and/or relevant professional qualification.
• ACI Dealing Certificate (completed).
• RDR Level 4 qualification (Dip CII, CISI or equivalent) — completed or in progress.
• Minimum 2 years’ experience in an active trading environment.
• Strong spot FX execution and pricing discipline in a controlled environment, with a track record of revenue outcomes and customer service.
• Strong understanding of governance, discretionary pricing controls, audit trail expectations and escalation.
• Ability to work effectively with Compliance, Risk and Internal Control; strong conduct and controls mindset.
• Comfortable using MI/performance metrics and translating insight into action.
• Strong written and verbal communication; confident influencing stakeholders.
• Proficiency in English.

This position is based in Jersey and offers hybrid/ flexible working. 

Opening a world of opportunity.

#LI- HSBC

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.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk via hsbc.recruitment@hsbc.com