Senior Quantitative Analyst, FX Options (m|f|x) London

HSBC is one of the largest banking and financial services organisations in the world. Guided by our purpose of opening up a world of opportunity, our ambition is to become the world’s most trusted bank globally, putting customers at the heart of everything we do.

The Role

Join HSBC’s global Macro FX Options Quant team in London to develop and support front office models and tools used across our FX options business. This role combines hands-on quantitative model development with close partnership across Trading, Structuring, Risk, Finance and Technology. You’ll help shape robust, consistent and explainable pricing and risk capabilities for vanilla, flow and complex exotic FX options including structured FX derivatives and multi-asset trades. Success means delivering production-quality models and analytics that are well-tested and well-documented and are adopted confidently by front-office users. You’ll also play a key part in aligning local work with global standards so the platform stays coherent across regions.

Tasks

• Act as a key London contact for front office FX Options Quant topics
• Represent the FX Options Quant team to Trading, Structuring, IT, Risk and Finance
• Coordinate with global colleagues to maintain alignment, consistency and knowledge sharing
• Design, develop, test and document front office FX options pricing models to HSBC standards
• Develop and support models across vanilla, flow and complex exotic FX options including structured FX derivatives and multi-asset trades
• Deploy and integrate new methodologies into pricing libraries, risk systems and trading tools using common standards and code practices
• Build and enhance trading and risk tools in C++ with interfaces in Python, VBA or internal frameworks
• Develop analytics for pricing, hedging, risk management, PnL Explain and scenario analysis
• Partner with Macro Quant and IT teams to strengthen platform consistency and reduce duplication or divergence
• Investigate production pricing, risk and market-data issues with Front Office and Technology support

Profile / Your qualification / Your personality

• Apply a strong quantitative finance foundation including stochastic calculus, PDEs, no-arbitrage valuation and numerical methods across Monte Carlo and PDE approaches
• Bring proven knowledge of FX options pricing models and techniques such as local volatility and stochastic local volatility, volatility surface construction and calibration and AAD risk frameworks
• Demonstrate strong understanding of FX options products and market conventions including vanilla and complex exotics, smile dynamics and structured FX derivatives
• Build production-quality implementations in C++ and follow robust code practices
• Use Python or VBA to script interfaces, tooling or analytics where needed
• Show experience developing, implementing or supporting pricing and risk models for FX options or other derivatives
• Work effectively with version control such as Git and contribute within distributed development and automated build pipeline practices
• Partner constructively with Trading, Structuring, Risk, Finance, IT and global Quant teams through clear communication and effective stakeholder management

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Location

8 Canada Square, GB-E14 5HQ London