Job description

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.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals’ partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking an ambitious individual to join our team as an Senior Quantitative Analyst, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

PC Global Analytics is a global function with representation in London, Paris, New York, Hong Kong and other financial centres. It is part of Group Finance with reporting lines to Product Control.

PC Global Analytics aims to ensure that derivatives pricings are at market standards and compliant with regulatory rules. It develops a robust framework built mainly on C++ language to distribute its quantitative solutions to all 40 Global Markets locations.

This role is for PC Global Analytics, within the XVA (Credit, Debit and Funding Adjustments) work-stream and will report into the Analytics Lead. The individual will be working on maintaining, implementing and developing quantitative methodologies for fair value and prudent valuation, as well as delivering projects on behalf of PC Analytics.

The individual would provide quantitative support to Product Control (both Core and Valuations) in all areas of XVAs, work on addressing model findings and deficiencies, and will work closely with Risk divisions (such as Markets IMR) and the Front Office quantitative/trading teams.

In this role, you will:

• Develop/enhance of methodologies and infrastructure within XVA Fair Value Adjustments space.
• Contribute to the Analytics C++ Library and use of Python to develop new ML-based tools
• Participate and present in regular stakeholder (Product Control, Development team, Market Risk, Front Office) catch up sessions to keep up to date with ongoing projects and deliverables
• Work with other teams within Global PC Analytics, e.g. Stress Test to ensure XVA infrastructure allows to satisfy all regulatory requirements
• Encourage efficient and streamlined processes for PC Global Analytics.
• Ensure policy / methodology consistence across all business areas as well as across all sites globally
• Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external Regulators;
• Understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the areas in which you are involved specifically Internal

Requirements

To be successful in the role, you should meet the following requirements:

• University degree
• Masters or PhD degree in Quantitative Finance or in a numerical subject (Maths, Physics, Engineering)
• Strong analytical and problem solving skills
• Familiarity with Valuation Adjustments (XVA), Funding and Liquidity
• Experience in FX Options is a significant advantage
• Knowledge of financial products (Rates, Credit, FX, Equities) and their derivatives (swaps, forwards, options)
• C++ proficiency, familiarity with SQL and source control
• Familiarity with Python is an advantage

You’ll achieve more when you join HSBC. 

https://mycareer.hsbc.com/external

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

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As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.