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Ready to shape EMEA index exotics risk and trading strategy?
Why HSBC
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 Global Markets in London as an Equity Derivatives Index Exotic Trader, focused on trading and risk managing exotic equity derivatives across EMEA. This role owns the Index exotics portfolio and is accountable for positioning, hedging and day-to-day risk management within agreed parameters. You’ll partner closely with Quants and Structuring to strengthen decision-making tools, pricing capability and the trading platform. You’ll also work with Sales to spot market trends, improve hit ratios and translate market opportunities into actionable axes and client-facing colour. Success means running a well-managed book, generating high-quality trade ideas and continuously improving how the desk prices, hedges and manages risk. All activity is carried out in line with HSBC and regulatory standards including operational risk and internal controls.
What you'll be doing
- Own the Index exotics portfolio for EMEA
- Manage risk actively across positions including hedging and day-to-day book oversight
- Set book positioning within agreed risk parameters and evolve it as markets move
- Partner with Quants and Structuring to enhance decision-making tools and the trading platform
- Collaborate with Sales to identify market trends and optimise hit ratios
- Generate trade ideas, expand the product range marketed to clients and provide market colour and trading axes
- Improve pricing tools and strengthen the risk management platform
- Develop synergies between flow and structured products books by recycling structured risks into flow products
- Maintain compliance monitoring and operational risk processes in line with HSBC and regulatory standards
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What we're looking for
- Bring substantial experience trading equity derivatives exotics in a front office trading role
- Demonstrate hands-on capability pricing and hedging complex products
- Apply strong knowledge of exotic derivatives, options and index trading in live risk management
- Interpret exotic models and articulate their limitations in pricing and hedging decisions
- Use strong Python programming skills to support trading, analytics or tooling improvements
- Partner effectively with Quants, Structuring and Sales to improve tools and commercial outcomes
- Communicate clearly when sharing market colour, opportunities and trading axes with stakeholders
- Operate within defined risk parameters and follow internal controls, rules and regulatory requirements
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Building EMEA Index Exotics
If you want to run an EMEA index exotics book with real ownership of risk and positioning this role offers the scope to make a visible impact. You’ll work closely with Quants, Structuring and Sales to sharpen pricing, improve tooling and convert market insight into trade ideas. The focus is practical - better decisions, better execution and stronger risk management. Bring your experience in exotic equity derivatives and help shape how the desk trades and manages risk day to day.
Diversity and Inclusion
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 contact the Recruiter.
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