Quantitative Research Analyst

Job description

Role Title: Quantitative Research Analyst

Business: Asset Management

New or Existing Role: Existing

Grade: GCB4

Role Purpose

· Quantitative Research Analyst to be part of the Global Equity Research team. The Global Equity Research team undertakes research into the investment process in Equities with a view to make them more robust and consistent. The person will be expected to assist improve and maintain the core research framework and related tools, conducting rigorous quantitative research with emphasis on portfolio optimization and risk modeling.

Key Accountabilities

Impact on Business

· Participate in the research and development of existing and new investment strategies. Maintain and provide throughout understanding of investment signals, strategies, investment tools and risk models.
· Participate in the development and maintenance of the optimization and risk modelling Global Equity Research proprietary tool libraries(in R).
· Participate in the implementation and the design of novel portfolio construction tools(in R) ensuring the highest level of implementation quality and demonstrating strong awareness about recent developments in academic and practitioners space of finance.
· Ensure robustness and accuracy of research tools and data used to drive investment decisions for the business.
· Ensure consistency of approach across the business wherever possible and develop the highest standards of governance.

Customers / Stakeholders

· Support the global equity research team and the global investment teams with external and internal channels

Leadership & Teamwork

· Be an excellent team player

Operational Effectiveness & Control

· Be able to work independently and to take initiative
· Be able to work under pressure and meet deadlines
· Support the head of the team to develop and maintain a research, analytics and risk framework for the team

Major Challenges

· Contribute to the technical design and development of the global quantitative research team systems, research notes and products. Communicating complex methodologies in simple language and dealing with fundamental Fund Managers. Provide support on implementation of the team's business strategy and continuing projects.

Role Context

· Role will be based in London in St James Street, joining an existing team of 11 people.
· The successful candidate will support the ongoing production of portfolio optimization and risk modelling tools, as well as the assessment of various investment strategies across different regions through back-testing and statistical analysis.
· The person will have a certain level autonomy in performing quantitative research but is expected to fit into the overall research/investment philosophy applied by the Global Equity Research team. The person must be able to think independently and challenge consensus views and must have the intellectual curiosity and the technical skills to analyse complex models in detail.

Role Dimensions

· HSBC Global Asset Management is one of the leading investors in equities, managing around $100bn in equities.
· N/A for staff responsibilities

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.
· Understand the Treating Customers Fairly (TCF) principles, HSBC Global Asset Management's TCF philosophy and how this affects your role. Act in a manner that takes account of these principles to ensure fair outcomes for customers

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

Education:

· Advanced degree (Master's or PhD) in mathematical / scientific discipline (Engineering, Computer Science, Econometrics etc.)

· CFA or equivalent an advantage

Technical Skills:

· Strong Programming Skills preferably in R (otherwise experience in MATLAB or C++ will be considered).

· Experience of researching and building portfolio optimization applications with deep knowledge of the underlying algorithms.

· Experience of researching and building risk modelling applications with focus on covariance estimation techniques.

· Exposure to quantitative equity multi-factor models is desirable

Behavioural Skills:

· Positive and proactive attitude with flexibility to accommodate changing environment and willingness to take on new responsibilities.

· Excellent communication skills with the ability to converse at all levels.

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. The enhanced approvals and vetting would need to be completed before the candidate will be confirmed in the role.

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

We are an equal opportunity employer and are committed to creating a diverse environment.

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