Quantitative Manager - Counterparty Credit Risk (CCR) and Valuations Adjustments (XVA)

If you're looking for a career that will help you stand out, join HSBC, and fulfil your potential - whether you want a career that could take you to the top, or an exciting new direction, we offer opportunities, support and rewards that will take you further.

We're one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions.

We're currently seeking an experienced professional to join our Markets and Securities team in the role of Quantitative Manager for Counterparty Credit Risk (CCR) and Valuations Adjustments (XVA).

As a senior quantitative specialist within Global Risk Analytics, you'll offer deep technical exposure to CCR and XVA models, have strong engagement with key stakeholders, and get the opportunity to contribute to regulatory-driven model development and enhancement.

As an HSBC employee in the UK, you'll have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you will:

• Develop and enhance CCR and XVA quantitative models, methodologies, and analytical components in line with regulatory and business requirements
• Investigate model performance issues and deficiencies, supporting remediation activity arising from validation, audit, or regulatory review
• Implement model changes across systems and data infrastructure, partnering with Technology, Model Risk, and business stakeholders
• Support governance and validation processes, including documentation, testing, performance monitoring, and regulatory submissions
• Provide quantitative analysis and technical input to stakeholders across Trading, Risk, and Capital Management

To be successful in this role you should meet the following requirements:

• Experience in CCR and/or XVA quantitative analytics, with involvement in model development or enhancement activities
• Strong understanding of traded credit risk measures, including CVA, EPE, PFE, and exposure methodologies
• Strong quantitative skills, including stochastic, calculus, numerical methods, and quantitative finance techniques
• Programming experience in Python, C++ or similar languages within quantitative or risk platforms
• Ability to communicate complex quantitative concepts clearly, working effectively with both technical and non-technical stakeholders.

Opening up a world of opportunity.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we're dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.