FX Options Electronic Trading Quant & Product Owner (Associate Director)

On-site in London·Added 3 months ago (last checked 26 Oct)

HSBC

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Our summary

Work mode: On-site, London
Experience: Senior level

Skills

Requirements

What we're looking for

To be successful in this role you should have:

Demonstrable experience in FX (or closely related Rates / Equity Derivatives) electronic trading in a Quant, Strat, Quant Developer, or Quant/Product Owner capacity
Strong mathematical background and the ability to translate trading problems into well-specified quantitative and engineering work
Strong understanding of FX Options pricing, including volatility surface representations, Greeks and second-order risks, practical vol marking, and risk management for an exotic options book
Strong coding ability in Python and/or C++, sufficient to prototype pricing logic, analyse trading data, and read/review production code
Demonstrated experience building or owning electronic pricing / auto-quoting systems, including controls and operational readiness
Proven track record of delivering production changes end-to-end, including handling edge cases, post-release support, and working constructively through trader feedback and challenge
Strong stakeholder management skills with the ability to build trusted relationships across Trading, Quant and Technology teams

Pay & benefits

What you'll get

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

The role

If you're looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking a professional to join our team in the role of FX Options Electronic Trading Quant & Product Owner (Associate Director).

This role sits within Markets, as part of the FX Options Trading Desk, working closely with colleagues across Quantitative Research and Technology to design, prototype, and deliver electronic trading capabilities for FX Options. The role is based in London.

The purpose of the role is to own the roadmap and delivery of FX Options electronic trading tooling, including electronic pricing, volatility surface marking, exchange-listed FX options execution, and backtesting infrastructure. This is a hands-on position requiring strong stakeholder leadership and the ability to stay close to the code-prototyping solutions and validating them against live market behaviour.

What you'll do

In this role you will be responsible for:

Own the product roadmap for FX Options electronic trading tooling, balancing trader demand, P&L impact, technical feasibility, and strategic direction, and acting as the key point of accountability for the desk
Define and deliver electronic pricing and execution capabilities across volatility surface construction and automated marking, streaming/RFQ pricing for vanilla and exotics, and exchange-listed FX options execution (e.g., CME)
Prototype and validate models and decision logic (primarily in Python) to de-risk delivery, resolve ambiguous requirements with data, and partner with core Quant on model development and validation
Build backtesting and analytics capability to assess strategy performance and support evidence-based enhancement prioritisation
Lead end-to-end delivery and operational ownership, including requirements, testing/UAT, rollout, post-release support, issue investigation, and contributing to controls/monitoring and broader e-trading architecture
Identify and implement AI/ML-driven workflow improvements that enhance trader experience and deliver measurable business outcomes

Hiring process

2 steps1 interviewa task to do

Submit your CV
Online assessments
Online test
You can take the assessments at any time within a fixed number of days given in the email; the number and type depend on the role.
Interviews
30–60 min
Telephone, on-demand video, live video or in-person interviews; live, telephone and in-person interviews last approximately 30-60 minutes depending on the role.

About HSBC

HSBC is one of the world's largest banking and financial services organisations, founded in 1865. It serves millions of customers through its four global businesses.

Customers the world over know and trust HSBC, often over generations, valuing its deep international network, expertise, and focus on their future needs.

Industry: Banking
Founded: 1865
Headquarters: London, United Kingdom

In their own words

About the company & team

Opening up a world of opportunity.

Being open to different points of view is important for our business and the communities we serve.

At HSBC, we're dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.