Associate, XVA & Discounting Trader (London, GB, E14 5HQ)

HSBC
London
Full timeFunction: Capital Markets, Trading & QuantSkills: ["Communication","Structured problem-solving","Decision-making","Risk management"]

Join the XVA Trading desk to execute EM rates discounting trades across CEEMEA and LATAM, protecting the bank’s risk position while supporting revenue and return targets. You’ll manage discounting and basis risk within appetite and limits, coordinate global P&L attribution and risk ownership handovers with teams in Hong Kong and the Americas, price for sales and clients, book accurately in front-office systems, and support risk-reduction initiatives such as compression and optimization.

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FursaFursa
HSBC
HSBC
2 days ago

Associate, XVA & Discounting Trader (London, GB, E14 5HQ)

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Last checked: 5 hours agoStatus: Live

Job Summary

Join the XVA Trading desk to execute EM rates discounting trades across CEEMEA and LATAM, protecting the bank’s risk position while supporting revenue and return targets. You’ll manage discounting and basis risk within appetite and limits, coordinate global P&L attribution and risk ownership handovers with teams in Hong Kong and the Americas, price for sales and clients, book accurately in front-office systems, and support risk-reduction initiatives such as compression and optimization.
Location: London
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Mid level

Key Responsibilities

  • •Execute trades to manage EM derivatives discounting risks across CEEMEA and LATAM within the XVA Trading desk.
  • •Maintain discounting and basis risk positions within risk appetite and desk limits.
  • •Coordinate global EM discounting risk and P&L management with Hong Kong and Americas trading teams, including time-zone handovers.
  • •Provide accountable, clear P&L attribution across curve and basis moves, carry and roll, and market events.
  • •Price trades for sales and clients in line with bank policies, ensuring consistent discounting assumptions and appropriate risk transfer with XVA.

Pay and Benefits

Perks:Health InsuranceMaternity PayPension

Key Requirements

  • •Relevant experience in Rates and/or XVA trading or risk management, with strong knowledge of derivatives discounting and basis dynamics.
  • •Ability to explain day-to-day P&L drivers clearly and credibly, including broader XVA drivers.
  • •Understanding of EM market structure and liquidity across CEEMEA and LATAM, including practical hedging considerations.
  • •Capability in managing complex instruments related to discounting and basis risk management.
  • •Experience communicating effectively across time zones, supporting structured problem-solving in a front-office risk environment.
Experience:TradingDerivativesRatesXVA
Skills:CommunicationStructured problem-solvingDecision-makingRisk management

Company Brief

HSBC
Global banking and financial services organisation offering retail, commercial, corporate and investment banking, wealth management, and global markets services across Europe, Asia, the Americas and the Middle East.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1865
Glassdoor
Glassdoor: 3.6
WebsiteLinkedIn