Role Title: eRisk Quantitative Analyst, STIRT & EM Rates eTrading - Associate Director
Business: Global Markets
New or Existing Role? New
GCB Grade: 4
Location: 8 Canada Square, London

Role Purpose
eRisk Quantitative Analyst working on pricing, risk management and execution strategies for STIRT, EM Rates trading activities.

Principal Accountabilities
Impact on the Business

• Research and drive the delivery of electronic pricing models and algos for FX Swaps, STIRT & EM Rates products.
  
• Research and drive the delivery of risk management models and algos for FX Swaps, STIRT & EM Rates products.
  
• Development of market execution strategies on electronically executable STIRs products.
  
• Ensuring integrity of data used by eRisk team for quantitative analysis.
  
• Implementation of performance simulation of market making strategies within the eRisk back-testing platform.
  
• Analyses of market execution performance within the hedging strategy.
  
• Analyses of client flow assigning systematic value to trades.

• Ensuring high-quality of deliveries

Customers / Stakeholders

• Internal clients (trading & sales)
  
• External clients
  
• Quant-Development team
  
• IT Department (FX & Rates)
  
• Management

Leadership & Teamwork

• Ability to work efficiently with other members of the eRisk team.
  
• Ability to communicate effectively with other stakeholders.

Operational Effectiveness & Control

• Oversee development of monitoring and relevant reconciliation tools help ensure tight controls

Major Challenges

• Balancing the need for a continual cycle of development and improvement with the need to minimise operational risk.
  
• Coordination with IT to ensure timely implementation of deliverables.
  
• Coordination across a disparate group of stakeholders across many time zones.
  
• Keeping up to date with current developments in the market place.

Role Context

• The role will be located in London.
  
• The role is part of eRisk Quant team which is responsible for deliveries of quantitative models and algos for electronic market-making of FX, STIRT & EM Rates products.
  
• All work done in this role will be tested prior to deployment in live systems according to eRisk procedures.
  
• All live deployments will be closely monitored.

Management of Risk

• 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 apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.