Analyst, Global Markets, EMEA

Education: University College London (UCL)

Joined as: Analyst

Hugo Ohta
Analyst

Global Markets, FX Options Trading

“I'm right in the thick of things, where economic data, unforeseen political events or even natural disasters have a very direct impact on your day to day life.”

 

I joined HSBC because I was attracted to its truly global nature and thought it would offer me great opportunities, not just in the UK but also across the world if I wanted to. With its dominant position in emerging markets, I think HSBC is one of the best-positioned banks to take advantage of the new paradigm in global banking that is being created as a result of the economic crisis.

The best part of my job is really being in the thick of things, where economic data, unforeseen political events or even natural disasters have a very direct impact on your day–to-day life. Being able to separate material and important developments from random noise is challenging and intellectually stimulating.

My standout moment so far was being given responsibility for making prices and managing an options book. Because of the complex nature of the derivatives, responsibility in risk-managing large and complex portfolios is given gradually, as a lot can go wrong very quickly. Things are suddenly very different when you go from aiding and watching traders to actually being in the hot seat.

What has surprised me the most are the people. I found a group of very like-minded people. I genuinely get along with and respect everyone I work with and there’s a lot of banter to boot. It is really about finding the right cultural fit in your team.

Looking to the future, my two-year plan is simple: to be managing my own options book, continuing my development and learning to become a proficient derivatives market maker.

My advice to you would be to find the right team. You normally have a chance to rotate among desks, where you notice that each desk has its own culture. At the beginning, you should try to integrate as quickly as possible into the team. As a trader, try to find a mentor who will take you under his or her wing. In order to do that, you really must strike a balance between showing enthusiasm and interest in the field and knowing when to lay off when things get busy and stressful. Be prepared at first to do the mundane jobs no one wants to do as everyone starts at the bottom.