HSBC Group

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group.  As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey.  If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

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 are currently seeking an experienced professional to join our team in the role of (Quantitative Developer – Product Development, Equities Quant)

Why join us?

The role offers an exciting opportunity to work in the Equity Derivatives quants team, which gives the challenges and learning given by a FO role, in dealing with cutting edge pricing models, derivative products which directly contribute to the PNL of our books.

The Opportunity:

• Development and validation of new products to support complex new trades
• Development of new models and validation of reserves methodologies
• Participate in the implementation of the model governance framework

What you’ll do: Impact on the Business 

• Developing and enhancing the available products and models available to trade
• Enhance reserve methodologies
• Enhance model performance monitoring.
• Timely completion of model development tasks with little or no bugs
• Positive feedback from the trading, structuring and valuation control desks
• Successful release of new models in quant libraries

Customers/Stakeholders

• Resolving issues raised by users and IT teams in using the Quant libraries.
• Positive feedback from Trading/Structuring/IT
• Successful integration of our libraries by IT

Leadership and Teamwork

• Assisting other members of the Equities Quant team with technical issues.
• Positive feedback
• Quicker turnaround for IT
• Assisting IT with any integration issues they may have with our libraries.

Operational Effectiveness and Control

• Following internal and regulatory guidelines for Releases and Documentation of the Quant libraries and tools
• Define and run the relevant tests
• Being able to roll back to a different version of the codebase, thanks to a robust versioning

Major Challenges 

Programming in a professional standard ensuring industry good practices are followed.

• Development and deployment of features/bug fixes/components within reasonable and predictable timelines
• Proper monitoring and follow up of feedbacks/requests
• Continuous and proactive interaction with the relevant stakeholders

Role Context

Provide support of product development tasks:

• Develops new products with their appropriate model, model calibration tools and risks.
• Develops and maintains complex products such as Vol Caps, Quantitative Investment Strategies, Collateralized Loans, new one-off trades
• Defines model reserves methodologies in collaboration with Product Control and Trading. Monitors these reserves. Contributes to their industrialization
• Develop and maintain a testing framework for new products and models
• Day to day support / Bugs fixing
• Assist in the release of the Quant libraries and tools

Assist in deploying the product development tools to users

Management of Risk

Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

Observation of Internal Controls

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Qualifications

A degree based on Mathematical Finance from a top tier university

• Experience in model development in derivatives (at least 5 years)
• Advanced C++ (at least 5 years)
• Scripting and Python experience

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

 The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

You’ll achieve more when you join HSBC.

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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