Associate Director, Quantitative Analyst (FX Options Desk)

HSBC; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Associate Director, Quantitative Analyst for their FX Options Desk. In this pivotal role, you will develop and enhance mathematical models and analytical tools that drive trading strategies. The position demands expertise in quantitative finance, particularly in FX and derivative products, along with proficiency in C++ and experience with Murex systems. This innovative firm is committed to diversity and inclusion, ensuring that all employees can thrive in a supportive environment. If you're ready to make a significant impact in a dynamic market, this opportunity is for you.

Qualifications

• Education in Mathematical Finance, Science, Mathematics, Engineering, or Physics required.
• Proven knowledge of pricing models for derivative products in investment banking.

Responsibilities

• Develop mathematical models and analytical tools for trading desks.
• Design, develop, and document models according to HSBC standards.

Skills

Mathematical Finance

C++

Quantitative Analysis

FX Instruments

Fixed Income Instruments

Credit Instruments

Education

Mathematics

Engineering

Physics

Science

Tools

Visual Studio 2022

Murex

Flex API

Job description

Associate Director, Quantitative Analyst (FX Options Desk)

Brand: HSBC

Area of Interest: Investment Banking, Markets, and Research

Location: London, GB, E14 5HQ

Work style: Office Worker

Date: 16 Apr 2025

Some careers shine brighter than others. 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 Global Banking and Markets is an emerging markets-led, financing-focused business that provides investment and financial solutions. Through our international network, we connect emerging and mature markets, covering key growth areas. We partner with our corporate, government and institutional clients to help them achieve consistent, long-term performance. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking.

HSBC Market & Securities Services provides comprehensive global, regional and domestic fund services including fund administration, global custody and sub-custody settlement and services. Securities Lending Operations is a dynamic department that works with partners across the HSBC Global Banking and Markets business to deliver Securities Lending solutions to clients.

In this role you will:

1. The role will require development of the underlying mathematical models and analytical tools.
2. To design, develop, test and document the models developed according to HSBC standards.
3. Develop technical solutions for the users as required (Trading desks, Product Control, Traded Risks, etc.).
4. To analyse and provide support to any issues identified in the models.
5. To assist with integration of the quant library into the Primary Trading Systems (Murex) and via the Flex API.

To be successful you should meet the following requirements:

1. Education in Mathematical Finance, Science or Mathematics, Engineering or Physics.
2. Proven knowledge of the standard pricing models used in the investment banking industry for derivative products.
3. Sound experience of main instruments used in FX, Fixed Income, or Credit.
4. Experience working as a Quantitative Analyst developing front office models in quantitative finance, IT development, or a trading environment required.
5. C++ experience required (preferably using Visual Studio 2022).
6. Experience in developing, maintaining or integrating quant libraries with Murex (MX3.1) Flex API for IR and FX option products.

This role be based in London.

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.