Quantitative Developer

Job description

Role Title: Quantitative Developer

Business: Finance

New or Existing Role? Existing

Grade: GCB5

Role Purpose

· Development Projects Product Control is a specialist team dedicated to the design and implementation of software for use by primarily (but not limited to) the Product Control (Finance) department of HSBC. The software solutions include calculation of derivative fair value adjustments, quantitative tools for other related valuation activities, and software to enhance the control framework of the bank.

· The role holder will work on projects to design and develop quantitative and other software solutions.

Key Accountabilities

Impact on Business

· Continue to strategic vision for building up the team's development infrastructure.

· Deliver enhancements to existing applications and create new modules in a timely manner employing good development practices.

· Technical Support for the teams' applications

Customers / Stakeholders

· Dev Projects Management team

· Product Control teams

· Front Office teams

· Risk Management teams

Leadership & Teamwork

· Required to work closely with colleagues in the function, onshore teams and stakeholders.

· Required to communicate effectively with people at various levels of seniority and different backgrounds in a challenging but collegiate environment.

· Actively engage with other team members for development projects and contribute to team discussions on development issues.

Operational Effectiveness & Control

· Ensure that there is full compliance with the Global Markets FIM.

· Integrity, conduct and performance against ethical standards.

· Documented knowledge of the role

· Identify the knowledge required for new projects

· Prompt resolution of problem issues and management queries related to the relevant product lines.

Major Challenges

· The job holder will need to be analytical and be able to investigate and follow through on issues as they arise.

· Problem solving - investigation of production issues as well as longer term strategic development issues.

· Maintaining discipline in coding practice while ensuring timely delivery of end solution.

· Working under pressure to meet deadlines.

· Must be able to work independently with minimal supervision.

· Managing relationships with multiple senior stakeholders.

Role Context

· The jobholder will have regular contact with project stakeholders.

· The jobholder will have involvement in multiple projects across different technologies, often simultaneously.

Role Dimensions

· HSBC trades the full scope of global markets products including but not limited to spot and forward foreign currency sales and purchases, money market placements and deposits, investment and trading securities, as well as derivatives including interest rate swaps and options, currency options, currency swaps, structured credit products, credit default swaps, local currency derivatives and equity derivatives. There is considerable accounting, analytical, and market specific complexity in order to appropriately value financial market products.

· The team size overall is around 50-60 people spread across multiple sites.

Management of Risk

· The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

· Management of operational risk for the Development team is an integral part of the role profile by maintaining good discipline in coding and team working practice.

· Understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which one is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Observation of Internal Controls

· The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

· The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply.

· This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

· University graduate in a technical discipline

· Critical programming skills in multiple technologies, it must have all of the following critical skills:

o C#/.NET 3.5/4.0/4.5

o Winforms and/or WPF

o Microsoft SQL Server

· Excellent written English and oral communication skills

· Excellent analytical skills and a proactive approach to problem solving

· Excellent interpersonal skills

· Ambitious, driven and enthusiastic

· A general understanding/awareness of Financial Markets, Derivatives and Banking concepts

· Good to have:

o Rational Team Concert (RTC - HSBC's standard process for tracking user requirement from initial request to completion within our applications

o SVN – used for Source Control Management (Keep track of software changes and relate them to RTC Items)

o Teamcity - Global Build and testing system (HSBC's standard process to build final applications from source code)

o Sharepoint – wiki for knowledge database (HSBC's standard for knowledge gathering)

o CONTROL-M – for scheduling of feeds in/out of our systems (HSBC's standard for scheduling)

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview