Associate, Commodities Quant, Commodities

CLSA; Hong Kong; On-site; HKD 600,000 - 900,000; Full time

Job summary

A financial services firm located in Hong Kong seeks a skilled individual to design and develop pricing models and trading management systems for commodity derivatives. This role requires strong quantitative skills and experience in financial derivatives. Responsibilities include enhancing trading systems, modeling derivative pricing, and collaborating with traders for efficient risk management. Ideal candidates will have excellent communication and problem-solving abilities, alongside a responsibility-driven attitude.

Qualifications

• Prior experience in financial derivative option pricing models and development.
• Strong foundation in derivative pricing theory.
• Ability to understand business requirements and conduct programming.
• Forward-thinking with good coordination and planning in system development.
• Strong logic, communication, team spirit, and adaptability under pressure.

Responsibilities

• Design, implementation, and development of functionalities for commodity swaps and options systems.
• Spearhead modeling and calibration of pricing models.
• Maintain models and systems to support trading operations.
• Collaborate with trading desks and IT to deliver system development projects.
• Research trading hedging models and strategies based on business needs.
• Lead daily analysis: P&L attribution, risk exposure monitoring, KPIs for management.
• Document model methodologies, processes and analyses for sharing and controls.
• Analyze and streamline trading workflows to improve efficiency and reduce risk.

Skills

Financial derivative option pricing models

Programming skills

Communication skills

Logical thinking

Team spirit

Job description

Responsible for the design, development, construction and maintenance of pricing models and trading management systems for commodity over‑the‑counter (OTC) derivatives. Supports the development and implementation of commodity derivative pricing models, volatility models and margin models. Ensures that the commodity business line maintains industry‑leading standards in pricing, modeling, and system development for derivative operations.

Key Areas of Responsibilities

• Responsible for the design, implementation and development of new functionalities for commodity swaps and options systems.
• Spearhead the quantitative modeling and calibration of derivatives pricing models and volatility surfaces to ensure accuracy and market consistency.
• Maintain derivative models and systems to support traders in efficient pricing, hedging and risk management operations.
• Strengthen collaboration with trading desks and IT teams, coordinate and promote high-quality delivery of system development projects.
• Conduct forward‑looking research on trading hedging models and strategies based on business needs.
• Lead the daily business analysis, including P&L attribution, risk exposure monitoring, and preparation of key performance indicators (KPIs) for management review.
• Document model methodologies, system processes, and quantitative analyses to ensure knowledge sharing and compliance with internal controls.
• Analyze and streamline quantitative trading workflows and channels to improve efficiency and reduce operational risk.

Requirements

• Prior experience in financial derivative option pricing models and development is preferred.
• Familiar with financial derivative business processes, possessing a solid foundation in derivative pricing theory.
• Strong ability to quickly learn and understand business requirements, capable of independently conducting programming and system development.
• Forward‑thinking business perspective with good coordination and planning skills in system development.
• Excellent logical thinking, communication skills, team spirit, strong sense of responsibility, and ability to work under pressure.