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WPM supports the CIB LOB. WPM’srole is to improve portfolio risk management and risk/return on the credit portfolio through managing key LOB processes such as deal origination, loan sales and hedging.

The WPM (Trading Hedging) Vice President role will be involved in all aspects WPM hedging and loan sales execution, credit portfolio monitoring MI, risk reviews analysis, risk management and capital allocation within the CIB business. The role requires working closely with the, WPM origination team, CIB customer coverage teams and with the 2ndline of defense (Risk and Finance).

Here's what you can expect:

Primary Responsibilities / Essential Functions:

Execute and book trades of Credit Default Swap (CDS)

Execute Loan SalesPrepare a Daily Flash PL for the hedge book (CDS, CLO)Ongoing management of the CLO (a structured Portfolio transaction)Provide analysis for CDS hedging and loans salesSupport compliance processes for trading (CDS/Loan sales)Prepare a Monthly Credit Portfolio MI and Hedge/Loan sales reporting for management and Risk FinanceProvide WPM and management ad hoc risk/return analysis as needed (may include sector and stress test analysis)Support WPM and broader efforts to improve portfolio data quality and transparencyActively support and work with 2nd Line of Defense (Risk and Finance) on risk management processes (may include Risk Limit and Stress test processes (e.g. CCAR))Assist with implementing, as appropriate, WPM relevant regulatory and internal policy/guideline changes, including communication and support to origination teamsAssist, as needed, in resolving WPM relevant audit points and issues raised by regulatorsSupport ad hoc projects/initiatives to improve the management of the credit portfolio (for example Economic Capital)

For this role, HSBC targets a pay range between $150,000.00 and $180,000.00

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

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.