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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
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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.
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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.
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Telephone: +44 207 832 8500
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