HSBC Hiring for Associate at Bengaluru, Karnataka Full Time

The role offers an exciting opportunity to work in the Equity Derivatives quants team, which gives the challenges and learning given by a FO role, in dealing with cutting edge pricing models, derivative products which directly contribute to the PNL of our books.

Description – External

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers shine brighter than others.

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.

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers shine brighter than others.

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

Role Purpose

The Opportunity:
Development and validation of new products to support complex new trades

Development of new models and validation of reserves methodologies

Participate in the implementation of the model governance framework

What you’ll do:
The key responsibilities , KPI are listed in the below table.

Impact on the Business

Developing and enhancing the available products and models available to trade

Enhance reserve methodologies

Enhance model performance monitoring

Timely completion of model development tasks with little or no bugs

Positive feedback from the trading, structuring and valuation control desks

Successful release of new models in quant libraries

Customers/Stakeholders

Resolving issues raised by users and IT teams in using the Quant libraries.

Positive feedback from Trading/Structuring/IT

Successful integration of our libraries by IT

Leadership and Teamwork

Assisting other members of the Equities Quant team with technical issues.

Assisting IT with any integration issues they may have with our libraries.

Positive feedback

Positive feedback

Quicker turnaround for IT

Operational Effectiveness and Control

Following internal and regulatory guidelines for Releases and Documentation of the Quant libraries and tools

Define and run the relevant tests

Being able to roll back to a different version of the codebase, thanks to a robust versioning

Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities)

Programming in a professional standard ensuring industry good practices are followed.

Development and deployment of features/bug fixes/components within reasonable and predictable timelines

Proper monitoring and follow up of feedbacks/requests

Continuous and proactive interaction with the relevant stakeholders

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

Provide support of product development tasks:
Develops new products with their appropriate model, model calibration tools and risks.

Develops and maintains complex products such as Vol Caps, Quantitative Investment Strategies, Collateralized Loans, new one-off trades

Defines model reserves methodologies in collaboration with Product Control and Trading. Monitors these reserves. Contributes to their industrialization

Participate in Model Governance – Development of model performance indicators, Liaise with IMR in Model reviews and implement remediative actions to findings arising from such reviews.

Develop and maintain a testing framework for new products and models

Day to day support / Bugs fixing

Assist in the release of the Quant libraries and tools

Assist in deploying the product development tools to users

Management of Risk(Operational Risk / FIM requirements)

Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

Observation of Internal Controls

Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that