Quantitative Analyst
HSBC Group
London, England
2d ago


Role Title : QuantitativeAnalyst

Business : Finance New or Existing Role? Replacement Grade : GCB5 Role Purpose

PC Global Analytics is a global function withrepresentation in London, Paris, New York, Hong Kong and other financialcentres.

It is part of Group Finance with reporting lines to Product Control.

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

This role is for PC Global Analytics, withinthe XVA (Credit, Debit and Funding Adjustments) work-stream and will reportinto the Head of XVA Analytics.

The person will be working on maintaining, implementingand developing quantitative methodologies for fair value and prudent valuation,as well as delivering projects on behalf of the Head of XVA Analytics.

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

Impacton Business

  • Development / enhancement of methodologies and infrastructure within XVA Fair Value Adjustments space.
  • Contribution 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.
  • Customers / Stakeholders

  • PC senior management, Project Sponsors, Project Managers, GB&M business and Management Office, banking regulators
  • Leadership &Teamwork

  • Work with other areas within PC Analytics, Finance IT, Product Control, Group Finance, Liaise and work together with key stakeholders.
  • OperationalEffectiveness & Control

  • 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
  • Controls and any Compliance policy including, inter alia, the Group Compliance policy
  • Ensure that there is full compliance with the Global Markets FIM
  • Major Challenges

  • Ensure deliverables are aligned to expectations and timelines, ability to work under pressure
  • In depth analysis / investigation and developing suitable solutions
  • Ensure our models and methodologies are compliant with regulatory requirements
  • Ability to adapt to sudden changes in requirements and managing stakeholder expectations
  • Communication with various key stakeholders globally
  • Ensuring accuracy and high quality of deliverables
  • Role Context

  • Establish close links with Product Control, Market Risk and the Business and Independent Model Review.
  • Assist in addressing regulatory driven initiatives and change.
  • Close working contact with senior managers (from the Business, Product Control and Market Risk).
  • Maintenance of excellent relationships with internal clients and external auditors / regulators.
  • Complexity of markets and products make this a challenging and interesting role.
  • Management of Risk

  • Ensurethat team governance and procedures are managed in accordance with the GroupStandard Manual, Market Risk and Finance FIM, PC best practice guidelines andregulatory environment.
  • Observation of InternalControls

  • MaintainsHSBC internal control standards, including timely implementation of internaland external audit points together with any issues raised by externalregulators.
  • Understands, follows and demonstrates compliance withall relevant internal and external rules, regulations and procedures that applyto the conduct of the business in which the jobholder is involved, specificallyInternal Controls and any Compliance policy including, inter alia, the GroupCompliance policy.


    Knowledge & Experience / Qualifications Education & Experience :

  • University degree (Class 2 : 1 or equivalent)
  • Masters or PhD degree in Quantitative Finance or in a numerical subject (Maths, Physics)
  • Skills and Competencies :

  • Strong analytical and problem solving skills
  • Knowledge of financial products (Rates, Credit, FX, Equities) and their derivatives (swaps, forwards, options)
  • Familiarity with Valuation Adjustments (XVA), Funding and Liquidity
  • C++ proficiency, familiarity with SQL and source control
  • Familiarity with Python is an advantage
  • Excellent communication skills (both written and verbal)
  • Attention to detail and consideration of timelines
  • 1-2 years of relevant working experience is required
  • 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 background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

    We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

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