Equities Franchise Market Making (FMM) Strats

The Equities Franchise Market Making (FMM) Strats team is responsible for managing the central risk book for our derivatives business. Our primary objective is to generate benefits through centralized risk management of delta shares trading across all desks, achieving firm-wide efficiencies from netting, and effectively managing residual risk. We focus on optimizing execution efficiency and timing, as well as generating trading alpha.

Job Summary and Responsibilities

We are seeking a highly motivated professional with an entrepreneurial mindset to join the Equities FMM Strats team within the Equities Division, based in Hong Kong. The successful candidate will conduct in-depth research on historical trades and market data, applying statistical analysis to optimize our central risk book. This role involves contributing to algorithm design and improvements, working on the trading and risk management aspects of the book, and holding a direct trading mandate.

Key Responsibilities:

• Analyze large datasets of execution data using advanced statistical techniques.
• Develop and deploy quantitative models for managing risk across a substantial portfolio of stocks and futures.
• Conduct research to identify and implement alpha generation strategies to effectively manage residual risks.
• Manage the daily portfolio and execution activities of the central risk book.

Basic Qualifications:

• Strong academic background in a relevant quantitative field (e.g., Physics, Mathematics/Statistics, Engineering, or Computer Science).
• In-depth knowledge of equities
• Experience in algorithmic trading or high-frequency trading.
• Solid knowledge of statistical modeling, algorithms and derivatives pricing models
• Proven experience in portfolio risk management.
• Solid work ethic, team-oriented approach, and high levels of motivation.
• Ability to perform effectively in high-pressure and time-sensitive situations.
• Demonstrated strong quantitative, problem-solving, and programming skills (Python, C++, Java and SQL).
• Excellent time management skills with meticulous attention to detail, and the ability to multi-task effectively.
• Strong written and verbal communication skills, with the ability to thrive in a collaborative environment.

Preferred Qualifications:

• Experience in building data pipelines, handling large-scale order book data and automating data processing.
• Relevant work experience in options market making.

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