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Head of FICC Electronic Trading Risk - Director

Salary £140k to £180k
Type Permanent
Location City of London
Sector Credit & Risk Management
Job Reference T55/TXH/31744
Contact Tim Holbrough
Date posted 05-06-2019

Following an internal move, the Risk division of a Tier One Investment Bank is looking to make a senior hire to cover Electronic Trading Risk for their FICC desks in London. This position will be the most senior member of the team in London, and requires an individual with well-rounded experience dealing with traders and regulators. Due to the niche nature of the position, the client is willing to consider senior professionals from COO, Business Devleopment, Product Specialist, Sales, Quant and other support positions related to eTrading for this position.

• Identifying and categorising the risks associated with all electronically traded flow
• In coordination with the Business, technology and control partners establish and/or validate that oversight exists for all identified risks
• Ensuring risk oversight feeds into the appropriate governance model
• Reviewing intraday trading limits structure/controls and establishing/validating limit setting logic where necessary
• Development of metrics and identification of key performance metrics quantifying the effectiveness of the risk framework
• Reviewing electronically traded flow in the context of system capacity constraints and the operational environment
• Reviewing the use of execution algorithms and the associated risk & control framework
• Developing a uniform standard for the use of execution algorithmic controls taking account trading requirements and market impact
• Working with Execution Services Technology to identify and manage control risks. Contribute to test planning and deployment as appropriate

Skills Required:
• A high level of understanding of market micro structure
• Familiarity with FICC strategies and algorithms, in particular FX
• Experience from within an Execution Services business
• Exposure to FICC algorithms – either as a trader, business manager or technologist
• An understanding of the current electronic trading regulatory frameworkin particular MiFID II and PRA SS5/18

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Contact Tim about this job

AVP, Consultant