Senior FX Options Quant: Production-Grade Pricing Models

HSBC Global Services Limited; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

HSBC in London is seeking an experienced FX Options Quant to develop and support front office models and tools used across the FX options business. You will build pricing models for vanilla, flow and complex exotics, and deploy methodologies into pricing libraries and risk systems.

You will work with Trading, Structuring, IT and Risk to ensure robust, well-documented analytics and production-quality implementations, with strong emphasis on cross-region alignment and stakeholder collaboration.

Qualifications

• Strong quantitative finance foundation including stochastic calculus, PDEs, no-arbitrage valuation and numerical methods.
• 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.
• Understanding of FX options products and market conventions including vanilla and complex exotics, smile dynamics and structured FX derivatives.
• Production‑quality implementations in C++ with robust code practices; scripting interfaces in Python or VBA as needed.
• Experience developing, implementing or supporting pricing and risk models for FX options or other derivatives.
• Experience with version control (Git) and distributed development/build pipelines.
• Collaborative partner with Trading, Structuring, Risk, Finance, IT and global Quant teams; strong communication and stakeholder management.

Responsibilities

• 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 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 derivatives.
• Deploy and integrate new methodologies into pricing libraries, risk systems and trading tools.
• 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.
• Investigate production pricing, risk and market-data issues with Front Office and Technology support.

Skills

Quantitative finance foundation

Stochastic calculus

PDEs

No-arbitrage valuation

FX options pricing

Local volatility

Stochastic local volatility

AAD risk frameworks

C++ production quality

Python scripting

VBA scripting

Git version control

Stakeholder management

Tools

C++

Python

VBA

Git

Job description

HSBC in London is seeking an experienced FX Options Quant to develop and support front office models and tools used across the FX options business. You will build pricing models for vanilla, flow and complex exotics, and deploy methodologies into pricing libraries and risk systems.

You will work with Trading, Structuring, IT and Risk to ensure robust, well-documented analytics and production-quality implementations, with strong emphasis on cross-region alignment and stakeholder collaboration.