The Electronic Trading Risk Management (ETRM) group’s primary responsibility is the integrity of these electronic trading systems and protecting the Firm against eTrading issues.
ETRM is responsible for:
Partnering with business heads through provision of risk guidance and approval for all automated trading strategies and electronic trading related business initiatives.
Design, implementation and monitoring of innovative electronic trading control solutions (e.g. fat-finger and runaway algo prevention), which includes enabling business development in a risk-controlled manner.
Provide subject matter expertise and direction as it relates to interpretation and understanding of trading, regulatory and trading venue rules
The Global Limit Manager (GLM) system which provides pre-trade controls, owning the system and responsible for monitoring on a real-time basis.
Risk oversight of IED’s electronic-trading Technology Change Management.
Advising IED desk heads on e-trading control and limit structures.
E-trading regulatory matters
The ETRM group are now looking for a self-starting, articulate, ethically minded, control focused individual with the ability to apply existing knowledge and experience to this specialised area. The individual will need to be able to articulate their logic and implement risk decisions within their remit. Ideally the candidate would have a background in and understanding of electronic trading of Equity based products and must have the ability to stay calm, clear and measured under pressure.
Success in this specialized area of expertise requires the following competencies:
A technical mind to understand the complex trading technology infrastructure
A control focused approach that includes making appropriate risk decisions in a time pressured environment
Solution driven approach to identified issues
To both learn quickly and teach others on the workings of both systems and processes
Areas of responsibility will include:
Partnering with business leads on eTrading business initiatives
review and approval of electronic trading platform implementation
setting of trading limits and defining appropriate limit structure governance
regulatory reporting governance
conducting risk reviews of sales and trading applications
reviewing application and engine behaviour against internal policies and external regulatory requirements.
leading new products approval process
technical eTrading reviews
An understanding of and interest in the broader business and regulatory environment is necessary.
Ability to interact and build strong relationships with stakeholders across teams, functional boundaries, and with clients.
Ability to recognize and manage conflicting priorities/expectations across multiple stakeholders.
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:
Electronic Trading Governance
Experience in financial services in building, supporting or auditing front office sales and trading systems; or some experience in management of technology led projects and understanding the complexities and issues that result from such initiatives.
Capability to perform data analysis and have a strong willingness to learn new technologies.
Strong multitasking and organisational skills.