Equity Derivatives Quant Developer, Equity Derivatives

Reposted Yesterday
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Mumbai, Maharashtra, IND
In-Office
Mid level
Fintech • Payments • Financial Services
The Role
The role involves developing and maintaining low-latency trading infrastructure and applications, optimizing code, and troubleshooting trading strategies in the equity derivatives space.
Summary Generated by Built In
Position DescriptionThe CITICS CLSA Equity Derivatives team (EQD) offers its clients a wide range of products and services meeting different needs like risk management, investment return enhancement, financing, and cross-border market access. EQD’s products and services include Prime Services, Derivative Products, Quantitative Investment Strategies (QIS), and Market Making. EQD Quants is a team of quantitative analysts who specialize in quantitative finance and technology and work closely with EQD traders, sales and structuring teams. EQD quants design and implement EQDs e-trading infrastructure, market making systems, and trading systems for OTC non-linear, QIS, OTC prime and delta one.This role will be primarily focussed on developing and enhancing market making and trading strategies for EQD in India and other Asia-Pacific markets. The hire will report locally to the head of EQD Quant India and work closely with (a) EQD developers in Hong Kong and London, (b) EQD Quants in Mumbai, Hong Kong, and London (c) CITICS CLSA’s technology teams in Pune and Asia-Pacific. The position will report to the EQD Quant India head in Mumbai.Key Areas of ResponsibilitiesThe day-to-day responsibilities of the EQD Developer will include—
  • Development of front-office low-latency trading and execution infrastructure and applications using C++ in India and other Asia-Pac markets
  • Maintenance of the above infrastructure and applications
  • Understanding business requirements and trading strategies and translating them into technical specifications
  • Optimising code of EQD’s trading infrastructure and improving application performance
  • Troubleshooting and debugging EQD’s trading and market making strategies
  • Staying up to date with latest technological trends
  • Production support (as and when required)
  • Building and enhancing infrastructure and libraries that can be reused by other EQD developers
Requirements
  •  A bachelor’s degree in engineering from a top-tier Indian institute (e.g., the top IITs) and/or a master’s or PhD degree in a quantitative field (Mathematics, Physics, Computer Science, Electrical Engineering, Quantitative Finance, etc.) from a top-tier Indian or foreign university
  •  3-5 years of professional industry experience, ideally in development of trading strategies
  •  Knowledge of options, futures and other equity derivatives, especially in India
  •  Strong programming skills and experience in C++ (17.0 or later) and Python
  •  Self-starter with a passion for coding and strong analytical and problem-solving skills
  •  Ability to work in a fast-paced environment and deliver solutions under pressure
  •  Experience developing market making and trading strategies in India/APAC markets
  •  Experience working as a developer in a market making or trading environment
  •  Excellent collaboration and communication skills
  •  Experience of trading on the NSE or BSE using low-latency or ultra-low-latency real-time data
  •  Experience of working on FPGAs
  •  Ability to adapt to new technologies and frameworks

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Skills Required

  • A bachelor's degree in engineering from a top-tier Indian institute or a master's/PhD in a quantitative field from a top-tier university
  • 3-5 years of professional industry experience in development of trading strategies
  • Strong programming skills and experience in C++ (17.0 or later) and Python
  • Knowledge of options, futures and other equity derivatives
  • Experience developing market making and trading strategies in India/APAC markets
  • Experience working as a developer in a market making or trading environment
  • Excellent collaboration and communication skills

CLSA Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CLSA and has not been reviewed or approved by CLSA.

  • Pay Growth & Progression Base pay for junior bankers was increased significantly in 2021 to stay competitive in a hot market. This indicates willingness to adjust compensation when talent risks rise.
  • Healthcare Strength Permanent staff are automatically enrolled in healthcare aligned to local markets, with added travel health and security support via International SOS. This points to solid core medical coverage with global-travel assistance.
  • Retirement Support Permanent staff are automatically enrolled in pension plans aligned to local markets. A group retirement plan is administered regionally, signaling formalized retirement benefits infrastructure.

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The Company
HQ: Hong Kong
2,160 Employees
Year Founded: 1986

What We Do

CITIC CLSA is a wholly-owned subsidiary of CITIC Securities and its overseas business platform. Established in Hong Kong in 1986, CITIC CLSA is Asia’s leading capital markets and investment group, committed to driving the growth strategies of global institutional investors, corporations, governments and high-net-worth individuals. CITIC CLSA’s award-winning research, extensive Asia network, direct links to China and highly experienced financial professionals set CITIC CLSA apart from global investment banks and regional players. Over three decades, CITIC CLSA has built an extensive Asia network with deep local knowledge and connections. Globally, we operate from 13 countries across Asia, Australia, Europe and the Americas. For further information, please visit clsa.com

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