Quantitative Analyst, Risk Modelling

Sales Solutions & Analytics Team

Role profile and responsibilities

HSBC Global Banking and Markets is establishing an offshore capability to support the front office. As part of
this, Global Markets Corporate Services (GMCS) is looking to recruit talented and driven individuals in a
number of areas to support sales teams across the globe. This will enable onshore sales teams to dedicate
more time delivering better service to clients and make it easier for customers to do business with HSBC. The
role provides exposure to both front office sales teams and Global Markets products whilst offering
opportunities to directly liaise and develop relationships with other teams including Global and Commercial
Banking.

The Risk Modeller is responsible for supporting the Corporate Risk Solutions (CRS) function within GMCS in the
delivery of risk analysis for corporate clients. Companies trade foreign exchange and fixed income products for
a variety of reasons, such as hedging and balance sheet asset / liability management, and a risk modeller is
expected to provide insight and intellect into the associated risks. Initially, no client interaction is anticipated
although the scope of the role is expected to develop and change over time according to business needs,
maturity of technology solutions, and expansion of the offshore capability. This is a private side role, due to
the confidential nature of the work, and as such segregation is required from other offshore activities. There is
potential opportunity for a strong candidate to progress into a client facing role which would require
transferring to an onshore position, subject to business needs. The individual will be expected to work closely
with internal sales people in onshore locations and will have escalation points within Client and Transaction
Management Services (CTMS), a key pillar of GMCS. Engagement with CTMS will be needed for any escalation
issues or client contact requirements and acts as a bridge between the onshore and offshore teams. The
responsibilities of the role are broken down further as follows;

 Create, maintain, industrialise, and standardise risk models specific to FX and Fixed Income analysis
 Transform blueprint of a risk model in Excel into an automated solution or program with defined
parameters that can be adjusted to run scenario testing
 Aptitude to recognise anomalies or errors in model results
 Support onshore sales teams with issues around model functionality or output
 Interrogate publicly available market data and financial statements to obtain inputs into risk models
 Identify statistical trends and anomalies in trading strategies
 Test hypothesis of trends specifically relating to foreign exchange or interest rate movements
 Construct risk anatomy of new trading ideas or product offerings

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Requirements

Essential

 Quant required - strong technical skills with post graduate qualification in MSc in Applied Mathematics,
Statistics, or Engineering. MBA's will also be considered

 Minimum 4-5years’ experience in a front office quant role within a bank

 Robust understanding and ability to use at least one of; R (statistical program) / VBA / Other coding
languages

 Previous exposure to coding is necessarywith aptitude to pick up programming languages

 Aptitude to understand model requirements and assess model outputs for reasonableness

 Familiar with both corporate finance and risk models

 Excellent communication skills to construct coherent recommendations for onshore sales teams

 Advanced knowledge of Bloomberg functionality is necessary

 Good knowledge of Excel

 Proven analytical ability and financial modelling skills across at least one of Financial Statements, Industry
analysis or Markets Product

 Excellent spoken and written English skills necessary

Desirable

 Understanding of Global Markets products, specifically FX spot, FX forwards, FX options, money market
products, and interest rate swaps

 Manage deadlines, escalate issues promptly, and prioritise workload

 Flexibility to adapt to UK/US/HK hours

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