Electronic Trading Risk Management (ETRM) is a team within Business Unit Risk Management (BURM). ETRM operates across Sales and Trading, so covers both Fixed Income and Equity divisions. ETRM works to:
Provide business ownership of trading limits for FID and IED trading Improve and monitor existing control frameworks for electronic trading platforms/applications or create new control frameworks if none exist Provide subject matter expertise and direction as it relates to interpretation and understanding of trading, regulatory and trading venue rules Partner with Strats, Technology, Trading, Risk Management, Legal and Compliance on a number of applicable eTrading deliverables and initiatives Own the Algorithm Trading Inventory and chair meetings where algorithms are discussed and authorized Strong collaboration with FID and IED ETRM teams in other regions to align and push for best practice and optimal consistency across asset classes Critical assessment of systems architecture development as it relates to market impact, market access, fat finger risks etc Product manage the Global Limit Manager (GLM) system which provides pre-trade controls; owning the system and monitoring flow through it on a real-time basis Advising desk heads and Senior Management on e-trading control and limit structures Advise on E-trading regulatory enquiries and exchange audits Provide business ownership of Post Trade Transparency (PTT)
This is a risk management role with specific focus on the highly complex sales and trading infrastructure within the Fixed Income Division. Areas of responsibility will include:
Monitoring eTrading across EMEA Participation on systems development projects Review and approval of electronic trading platform implementation Setting of trading limits and defining appropriate limit structure governance Conducting risk reviews of sales and trading applications Reviewing application and engine behaviour against internal policies and external regulatory requirements. One off technical reviews Ownership of Algorithmic Trading Governance Forum co-ordination Cross-asset class coverage for IED ETRM Coordination with Legal and Compliance General risk management responsibilities
Candidates should have experience of, or strong interest in, technology, trading, making autonomous decisions.
Qualifications Skills Required
An understanding of and interest in the broader business and regulatory environment is necessary to ensure that appropriate solutions are generated which consider protection of the Firm's franchise and effectively manage the risks across the trade plant & products. The individual will be expected to interact and build strong relationships with stakeholders across teams, functional boundaries, and with clients. The role requires an ability to recognize and mange conflicting priorities/expectations across multiple stakeholders. This role requires the ability and willingness to solve time-sensitive business and technical problems in a hands-on manner. A foundation of technical and analytical skills will enable the ideal candidate to learn complex trade flows and data models/structures. These skills should be coupled with a creative, flexible and pragmatic approach to problem solving. Knowledge & experience of the cash equity and/or equity derivative products is preferred. A good understanding of the front-office processes is also preferred, particularly:
Regulatory requirements Trading infrastructure and order routing Post Trade Transparency
Any successful candidate will either have substantial technical experience in financial services in building, supporting or auditing front office sales and trading systems; or have some experience in management of technology led projects and understand the complexities and issues that result from such initiatives. Experience may have included responsibility for authoring technical specifications, securities processing, data analysis, and/or performing compliance related activities. Should be comfortable performing basic data analysis in Unix and have a strong willingness to learn new technologies. This role requires strong multi-tasking skills in order to juggle many competing projects and priorities. A strong candidate will have a proven ability to manage multiple simultaneous work-threads and make good decisions on where to focus efforts. This role requires an individual able to communicate with multiple stakeholders across Legal, Compliance, Risk Management and IED. The successful candidate will need to be able to clearly articulate objectives, requirements and risks & issues. The role involves a great deal of interaction with other members of the team and relies on the ability to identify appropriate information, sharing & leveraging of information, effectively and appropriately
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