Business/Function: FX Options and Precious Metals

Role Title - Quantitative Analyst

Role Purpose (overall high level summary of the role)

- To assist in the development of the mathematical models and analytical tools used by the FX Options desk at HSBC

- To design, develop, test and document the models developed to HSBC standards

- Support and maintenance of models and tools (in particular Sigma) to meet the desk & team requirements

- Develop technical solutions for the desk as required

- Help maintain the model libraries

- To provide rapid fixes to any issues identified in the models

- To develop model calibration routines and market data analytics (such as curve bootstrapping and interpolation)

Principal Accountabilities:

- Key activities and decision making areas Typical KPIs and Targets

- Impact on the Business

- Development and enhancing the FX Option models and Sigma tool to meet the requirements of the business.

- Document and test at a level to meet the requirements of the business, to ensure minimal level of production issues.

- Quick completion of development tasks with little or no bugs

- Positive feedback from the desk and support functions

Customers/Stakeholders

- Working with the rest of the FX option quant team, the traders/structures (model users), and support functions.

- Positive feedback.

Leadership and Teamwork

- Assisting other members of the FXO Quant team with any technical issues relating to the models they are helping to develop.

- Contribute to team development, effectiveness and success by sharing knowledge and good practice, working collaboratively with others to create a productive, diverse and supportive working environment.

- Positive feedback.

Operational Effectiveness and Control

- Following the group procedures for releases of the components needed for the Quant libraries, including model testing and documentation.

- Being able to develop models to the required standards including testing and documentation.

Role Context (The environment and operating conditions of the role including the extent of guidance and authority) :

- This is a Quantitative Analyst position in the FX Option team which is responsible for designing, developing and supporting the mathematical models and analytical tools used by the FX Option desk at HSBC to facilitate trading, risk management and product development. The role also includes analysis of underlying data sets, identification and resolution of issues in modelling, as well as front end support for the end users of the systems and models the team develop.

Development of models and provide support, including:

- Working closely with the rest of the FX Options Quant team on the new model development.

- All phases of the development cycle including model design, testing, and documentation.

- Bug fixes.

- Assist with model integration issues.

- Develop new components, code optimization and other enhancements the Quant Library.

- Rapid identification and resolution of any issues in the models/tools.

- Responsibilities commensurate with level assigned.

Knowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role.)

- A degree based on mathematical finance, science or maths subject from a top tier university

- Knowledge of the standard pricing models used in the investment banking industry

- Prior experience working as a Quantitative Analyst developing models, focusing on FX options preferable

- C++ experience (preferably using Visual Studio 2017)

- Python experience preferably

- Some Excel VBA experience

- Excellent communication skills