AVP / VP Electronic & Algorithmic Trading Risk Manager
The Electronic Algorithmic Trading Risk Manager function within the Corporate Investment Bank is responsible for helping design, test and providing assurance that related controls are operating to the required standard in isolation and as a framework. The successful candidate will work with all relevant stakeholders to ensure any deficiencies are identified and mitigated.
The candidate will report to the Head of Electronic Algorithmic Trading Risk.
Main Duties
- Assess System Procedures (including pre-trade controls, direct market controls, sponsored access controls).
- Assess Desk Procedures and workflow (i.e. list of systems used, change approval processes for fat finger checks, protocols, documentation).
- Assess Internal Gateway Controls (controls just before orders go to market, i.e. max notional per order, price check).
- Major contributor to the Design of Testing Requirements for Algos, EMS, OMS, any other systems used primarily for electronic execution.
- Pre-release sign off vs. Algo changes.
- Review Trading Termination Procedures including escalation protocols.
- Quarterly reviews of testing checklists: Inputs vs. Outputs, Testing Scenarios considered, Back testing results.
Person Requirements
- Experience in algorithmic trading or quantitative finance based role with the relevant experience required to perform the main duties.
- Post graduate degree, ideally PhD in a quantitative field.
- Programming skills.
- Strong communication skills.
- Good attention to detail.
- Proven coordination and organisational skills.
- Motivated self-starter.
- The ability to multi-task, prioritise and operate to strict timelines.
- The ability to hit the ground running and integrate into the team.
A keen understanding of business issues and a demonstrated skill in working with diverse stakeholders
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