Job description

The Team
The eRisk systematic trading quant team is formed by experienced quantitative researchers and technologist that own, build and operate the HSBC automated trading platform.  We are responsible to provide liquidity to our clients and generate revenue by managing the associated market making risk.  Innovation is our focus and we develop as a team high quality models and algorithms by following a meticulous research approach and have at our disposal considerable computational resources, data sets and AI/ML tools.

Job Purpose
Define, develop, implement, maintain and monitor performance of automated trading algorithms and strategies for electronic principal market making of FX (eFX) and Precious Metals.

Responsibilities 
Business Impact
•    Deliver on agreed milestones within a fast paced front office environment
•    Apply knowledge of programming languages for statistical analysis (Python/R/Matlab), database access (q/sql) and language used in production (Java)
•    Demonstrate deep understanding of market microstructure, business logic and scientific fundamentals of algorithmic trading, methods of statistical analysis across FX, Precious Metals high-frequency and mid/low frequency products

Clients & stakeholders
•    Understand the client franchise of the HSBC electronic trading business and promote the fair treatment of customers
•    Effectively communicate and engage with clients
•    Collaborate with technology teams in order to improve systems and technical solutions

Operational effectiveness & control
•    Understand market, credit, operational, regulatory and reputational risk enough to be able to ask the right questions and make sound decisions
•    Understand and act accordingly as first line of defense, per the operational risk framework
•    Understand escalation paths and use appropriately

Conduct
•    Demonstrate strong values and ethics
•    Practice highest level of professionalism and integrity

Management of Risk

•    The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation 
•    This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators 
•    The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required 

Observation of Internal Controls

•    The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures 
•    The jobholder will implement the Group compliance policy by adhering to all relevant processes/procedures. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply 
•    This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite 

Requirements

Role requirements (technical expertise, experience)
•    PhD in quantitative field
•    Relevant experience in a major electronic trading business
•    Understanding of the relevant currencies, products and markets 
•    Experience in writing and publishing academic papers
•    Exposure to AI and machine learning methods

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 health 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.

You can find out more about the recruitment journey and what to expect by viewing our Recruitment Process FAQs in HR Direct and by clicking here (only available via internal access).