Description
Quantitative Analyst - Credit Debit Funding Adjustments - HSBC
This is an initial 6 month contract based on London
The Product Control (PC) is a global function with representation in London, Paris, New York, Hong Kong and other financial centres. PC is part of Group Finance.
PC undertakes four main activities: P&L, Valuations, Quantitative Analysis and Development Projects.
PC Analytics aims to ensure that derivatives pricing are at market standards and compliant with regulatory rules. PC Analytics develops a robust framework built mainly on C++ and Python languages to distribute its quantitative solutions in all 40 Global Markets locations.
This role is for PC Analytics reporting into the Global Head of Analytics. The person will be responsible for assisting with defining and quantitative implementation of fair value and prudent valuation methodologies. The individual will provide quantitative support to Product Control in these areas and will work closely with Risk divisions such as Markets IMR and the Front Office quantitative/trading teams. Additionally this role will look after cross assets projects whether internal or regulatory (Solvent Wind Down).
Principal Accountabilities:
Key activities and decision making areas
- Development/enhancement of methodologies and infrastructure within Fair Value Adjustments space.
- Contribution to the Analytics C++ and Python Libraries.
- 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 Analytics, eg Stress Test to ensure infrastructure allows to satisfy all regulatory requirements.
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
- Excellent communication skills and interpersonal skills
- Attention to detail and consideration of timelines
- Knowledge of financial products: Rates, FX, Credit, Equity
- Experience of working within a quant space is ideal (pricing models, fair value adjustment, etc)
- C++ proficiency
- Python is an advantage
- SQL, Excel VBA
Please submit your CV in the first instance.