Associate, eRisk Quant Strategies

HSBC Group; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

HSBC Group seeks a senior quantitative trading engineer to define, develop, implement and monitor automated trading algorithms within a fast-moving front-office environment. You will apply proprietary models and statistical methods using Python, R or Matlab, with q/SQL for data access, to support pricing and risk management for complex products.

Collaborating with technology and eRisk teams, you will build robust production systems, embed governance and controls, and contribute to fair,

Qualifications

• PhD in a quantitative discipline.
• Experience in electronic trading or systematic trading preferred.
• Strong understanding of market microstructure and algorithmic trading.
• Proficiency in Python, R or Matlab for research and analysis; SQL for data access.

Responsibilities

• Define, develop, implement, maintain and monitor automated trading algorithms and strategies.
• Deliver milestones in a fast-paced front-office environment balancing research, build and production work.
• Apply programming languages for statistical analysis and research including Python, R or Matlab and use q or SQL for data access.
• Implement production-grade components using Java where required to support automated trading deployment.
• Evaluate market microstructure and scientific fundamentals of algorithmic trading across FX or related products.
• Partner with technology teams to improve systems, robustness and operational performance of the trading platform.
• Understand and manage key risks within the first line of defence and the operational risk framework.
• Communicate outcomes and constraints clearly with internal and external clients.

Skills

Python

R

Matlab

SQL

Machine learning

Statistical analysis

Education

PhD in a quantitative discipline

Tools

q

SQL

Job description

The eRisk systematic trading quant team owns, builds and operates HSBC's automated trading platform, providing liquidity to clients while managing market making risk. In this role you'll define, develop, implement, maintain and monitor the performance of automated trading algorithms and strategies used in a fast-paced front office environment. You'll apply proprietary models, algorithms and supporting infrastructure to help the Markets business price and manage risk for structured and derivative products within the Bank's operational risk and governance requirements. You'll work closely with stakeholders across technology and the broader eRisk franchise to improve systems and technical solutions. Success means robust research-led models that perform as intended in production and are supported by appropriate controls, monitoring and escalation. It also means fair outcomes for customers and conduct that supports orderly and transparent financial markets. What you'll be doing

• Own the definition, development, implementation, maintenance and performance monitoring of automated trading algorithms and strategies
• Deliver agreed milestones within a fast-paced front office environment, balancing research, build and production priorities
• Apply programming languages for statistical analysis and research including Python, R or Matlab and use q or SQL for data access
• Implement production-grade components using Java where required to support automated trading deployment
• Evaluate market microstructure and business logic and scientific fundamentals ofalgorithmic trading, methods of statistical analysis across FX or STIR high-frequency and mid/low frequency products
• Partner with technology teams to improve systems, technical solutions and operational robustness of the trading platform
• Understand and manage key risks, asking the right questions and making sound decisions in line with first line-of-defence responsibilities and the operational risk framework.
• Build effective relationships with internal and external clients and communicate outcomes and constraints clearly
• Embed operational risk, governance controls, escalation paths and first line of defence responsibilities in day-to-day delivery
• Act in customers' best interests while managing and escalating risks in line with HSBC Values, policies, and the Three Lines of Defence framework.
  PhD in a quantitative discipline
• Relevant experience within a major electronic trading business, ideally in systematic trading or algorithmic market making
• Demonstrate deep understanding of market microstructure and the scientific fundamentals of algorithmic trading
• Statistical analysis skills and research practices to develop and validate models and algorithms
• Publish research outputs such as academic papers or equivalent demonstrable contributions to quantitative research and documentation
• Exposure to AI and machine learning methods
• Use Python, R or Matlab for research and statistical work and use q or SQL to access and work with large datasets
• Communicate effectively with clients and stakeholders and support fair treatment of customers in the eRisk franchise
• Operate within market, credit, operational, regulatory and reputational risk frameworks including timely escalation and the Three Lines of Defence
  If you're looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions., Being open to different points of view is important for our business and the communities we serve. At HSBC, we're dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role. If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk