Job description
Business: Global Equities – Equity Derivatives Quant
Open positions: 1
Role Title: Equity Derivatives Model Quant
Global Career Band: GCB 5
Location (Country / City ): Bangalore
Recruiter Name : Reena A
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:
The key responsibilities , KPI are listed in the below .
Principal Accountabilities: Key activities and decision making areas
Impact on the Business
- Developing and enhancing the available products and models available to trade
- Enhance reserve methodologies
- Enhance model performance monitoring
- Enhance tooling for trading, structuring
Typical KPIs and Targets
- 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.
- Assisting IT with any integration issues they may have with our libraries.
Typical KPIs and Targets
- Positive feedback
- Positive feedback
- Quicker turnaround for IT
Operational Effectiveness and Control
- Following internal and regulatory guidelines for Releases and Documentation of the Quant libraries and tools
Typical KPIs and Targets
- 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 (The challenges inherent in the role that require a continual test of the role holder’s abilities)
- 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
- Defining a mathematical framework for a vague problem, mapping it to code in an optimal/robust way.
Role Context(The environment and operating conditions of the role including the extent of guidance and authority)
- 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, Autocallables, 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
- Participate in Model Governance – Development of model performance indicators, Liaise with IMR in Model reviews and implement remediative actions to findings arising from such reviews.
- 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(Operational Risk / FIM requirements)
- 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.
Requirements
What you will need to succeed in the role:
- A degree based on Mathematical Finance from a top tier university
- Experience in model development/model validation in derivative pricing (at least 2 years)
- Familiarity with C++
- Scripting and Python experience
What additional skills will be good to have?
- Advanced C++ (at least 2 years)
- Advanced knowledge of Linear Algebra/Partial Differential Equations/Stochastic processes/Probability theory
(Or)
Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard
You’ll achieve more at 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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Nom du recruteur
Reena A
Courriel de recruteur
reena.a@hsbc.co.in