Position Description
The 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 focused on researching and designing 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 quants in Hong Kong and London, (b) EQD traders and structurers in Hong Kong, Singapore, Tokyo, London and New York and (c) EQD developers in India and other markets. The position will report to the EQD Quant India head in Mumbai.
Key Areas of Responsibilities
The day-to-day responsibilities of the EQD Quant will include—
Analysis of market microstructure data to identify actionable trading signals for equities and derivatives in India and other Asia-Pac markets
Analysis of order book data to identify actionable trading signals for equities and derivatives in India and other Asia-Pac markets
Research and development of trading models using real-time and historical trade and quote data for equities and derivatives in India and other Asia-Pac markets
Back-testing of the above strategies
Understanding and enhancing EQD’s trading strategies for India and other Asia-Pac markets
Working with EQD developers and the firm’s technology teams to implement trading strategies and optimizing code
Understanding and contributing to EQD’s trading infrastructure
Monitoring live performance of EQD’s trading strategies for continuous enhancement of signal detection and performance robustness
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
6+ years of professional industry experience, ideally in research or development of trading strategies
Deep knowledge of options, futures and other equity derivatives, especially in India
Deep knowledge of market microstructure and exchange protocols in India/Asia-Pac markets
Advanced knowledge of low-latency systems and real-time data processing
Experience in trading or microstructure-based signal research using high-frequency or ultra-high frequency data in India/Asia-Pac markets
Strong programming skills and experience in C++ (17.0 or later), Python or similar languages
Self-starter with a passion and strong analytical and problem-solving skills
Ability to work in a fast-paced environment and deliver solutions under pressure
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
- Bachelor's degree in engineering from a top-tier Indian institute or an advanced degree in a quantitative field
- 6+ years of professional industry experience in trading strategies
- Deep knowledge of options, futures, and other equity derivatives
- Understanding of market microstructure and exchange protocols in Asia-Pacific
- Advanced knowledge of low-latency systems and real-time data processing
- Experience in trading or signal research using high-frequency data
- Strong programming skills in C++ (17.0 or later), Python or similar languages
- Self-starter with strong analytical and problem-solving skills
- Ability to work in a fast-paced environment
- Excellent collaboration and communication skills
- Experience of trading on the NSE or BSE
- Experience of working on FPGAs
- Ability to adapt to new technologies and frameworks
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.
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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.
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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.
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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.
CLSA Insights
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
