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Director, Head of Quantitative Trading
HSBC
New York, NY, United States
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Description
Senior eRisk Quantitative Analyst working on the pricing, risk management and execution strategies for electronic foreign exchange activities.
Impact on the Business
• Development of pricing strategies.
• Development of risk management strategies.
• Development of market execution strategies.
• Ensuring integrity of data used by eRisk team for quantitative analysis.
• Analysis of market execution performance within the hedging strategy.
• Ensuring high-quality of deliveries
• Daily operation and monitoring of the automated pricing and risk management systems
Customers/Stakeholders
• Internal clients (trading & sales)
• External clients (direct clients & ECNs)
• IT Department
• 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 continuous cycle of development and improvement with the need to minimize 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 roles sits on the FX desk in NY as part of a 1-2 person team with constant contact and interaction with the London-based e-FX team
• All work done in this role will be tested prior to deployment in live systems
• 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.
Qualifications
• Educated to PhD level in Mathematics at a top tier University.
• Experience coordinating IT teams to ensure implementation of deliverables
• Knowledge and understanding of technology related to an electronic trading business.
• Knowledge and understanding of FX products.
• Experience working on a trading floor is a plus.
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