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HSBC

Associate Director

London
Posted about 24 hours ago
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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.

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.

Reasons to use Rodeo

I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.

Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

Why you're a good match

Strong

Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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Why you're a good match

You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.

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Strong

Experience fit

Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.

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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

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

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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.

If You Have a Need That Requires Accommodations Or Changes During The Recruitment Process, Please Get In Touch With Our Recruitment Helpdesk

Telephone: +44 207 832 8500

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Skills

FX Options Pricing
Electronic Trading
Quantitative Research
Python
C++
Volatility Surface Construction
Risk Management
Product Ownership
Stakeholder Management
Backtesting
AI/ML
Mathematical Modeling
Algorithmic Trading
Quantitative Development

Location

London, England, United Kingdom

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