Credit Quantitative Analyst, Markets & Securities Services

Ready to build and evolve the credit models used on our trading desk?

Why HSBC

HSBC is one of the largest banking and financial services organisations in the world. Guided by our purpose of opening up a world of opportunity, our ambition is to become the world’s most trusted bank globally, putting customers at the heart of everything we do.

The Opportunity

This role focuses on developing the mathematical models and analytical tools used by HSBC’s Credit desk. You’ll design, develop, test and document credit models to HSBC standards and build technical solutions that support day-to-day desk needs. The work spans model calibration routines and market data analytics such as curve bootstrapping and interpolation. You’ll also respond quickly when issues are identified ensuring models remain reliable and fit for purpose. Success means robust well-tested models in production with smooth delivery into end-of-day processes and readiness for model validation.

What you'll be doing

• Develop the underlying mathematical models and analytical tools used by the Credit desk
• Design, build, test and document models in line with HSBC standards
• Deliver technical solutions for the desk including enhancements to existing tooling
• Implement rapid fixes when issues are identified in models or analytics
• Build and maintain model calibration routines for credit pricing and risk
• Create market data analytics including curve bootstrapping and interpolation methods
• Partner with trading, sales and structurers to translate desk needs into model solutions
• Coordinate with IT, Model Validation, Risk Management and Finance to support delivery and governance expectations.

What we're looking for

• Bring substantial experience as a Quantitative Analyst developing models in quantitative finance
• Demonstrate knowledge of standard pricing models used in the investment banking industry
• Apply knowledge of credit products and credit models in a desk-facing environment
• Build production-grade solutions in C++ including modern C++ (C++11 or later) and Visual Studio where relevant
• Use Python and Excel effectively for analytics, prototyping and data workflows
• Embed models into a modern delivery cycle including end-of-day considerations and model validation standards
• Operate fluently within a quant CI/CD pipeline and associated tooling
• Partner effectively across trading, sales, structuring, IT, Model Validation, Risk Management and Finance to deliver outcomes.

Building Credit Models at Scale

If you want your work to sit at the centre of how a Credit desk prices risk and reacts to markets this role offers real scope. You’ll ship models and analytics that are used day to day while strengthening the standards that keep them dependable. The focus is on practical delivery - from calibration and market data to documentation and production support. Apply to help shape the tools that support decisions across a complex regulated environment.

You’ll achieve more when you join HSBC.


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