Quantitative Analyst

If you’re looking to take an exciting new direction with your HSBC career, an internal move can open the door to many opportunities, allowing you to take on a new challenge, and develop your skills. Bring your knowledge of our brand to a new role and grow yourself 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.

The Opportunity

Equity Derivatives Quants in Global Banking and Markets are hiring a Quantitative Analyst to design and implement models across structured equity derivatives. This role focuses on building robust pricing, P&L, scenario and risk models as well as market data models that meet HSBC development standards. You’ll develop quantitative tooling that supports the platform and deliver calculation models used for FRTB regulatory reporting. The work is highly collaborative with day-to-day interaction across Trading, Risk, Finance, Product Control and technology teams. The team operates globally with colleagues and stakeholders in London, Paris, Hong Kong and Bangalore. Success means delivering well-tested, well-documented models that perform in production and support front-to-back users effectively.

What you'll be doing

• Design, develop, test and document quantitative models to HSBC standards
• Build pricing and P&L models for structured equity derivatives
• Implement scenario and risk models to support trading and risk use cases
• Develop market data models used by the derivatives modelling stack
• Deliver calculation models required for FRTB regulatory reporting
• Develop quantitative tooling that supports the platform and its users
• Diagnose model issues and provide timely support and fixes
• Partner with Trading desks, Product Control, Traded Risks, Finance, and technology teams on model delivery

What we're looking for

• Must have experience developing quantitative finance models in Rust, Python or C++
• Demonstratable knowledge of structured equity derivatives products and the instruments commonly used
• Apply established pricing approaches such as Black-Scholes, Bachelier, local and stochastic volatility models and the HJM framework
• Use quantitative finance techniques including stochastic calculus, partial differential equations, no-arbitrage valuation and numerical analysis
• Build production-quality software with strong C++ skills (C++11 or beyond) and prior Rust development experience
• Use scripting effectively with Python or R to support modelling and analysis workflows
• Work confidently with Excel in a front-to-back quantitative environment
• Apply version control and distributed development practices using tools such as Git

Building models that power markets

If you want to deliver models that traders and control functions rely on every day this role offers that scope. You’ll work on a platform where robust engineering and quantitative rigour both matter. With teams and stakeholders across multiple regions you’ll collaborate widely and see your work used in real decision-making. If this role aligns with the work you’ve done and the work you want to do we’d like to hear from you.

Opening up a world of opportunity.

If you are an HSBC Contractor and wish to apply to this role, click here:

To support you with putting your best foot forward for our internal opportunities, you are invited to take advantage of our CV and Interview workshops, hosted by our Talent Acquisition team. To find out more and register to attend please click this link.

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:

Telephone: +44 207 832 8500