Job Description
A leading international investment bank in London is looking for a senior Java Algo Developer with significant experience building low-latency e-trading systems within FX or Equities.
This is a hands-on, Director-level position within the business, sitting with desk quants and having ownership of a greenfield rebuild of the eFX Pricing and execution platform.
Responsibilities:• Stay informed on the Desk Quants and FX E-Trading business strategy.• Responsible for developing automated pricing and trading systems to support the FX Electronic Trading Business under the direction of colleagues in Algo Trading.• Stay informed on any changes within the quant team.• Responsible for assisting in the functional and non-functional requirements gathering, design, architecture, specification, documentation, delivery and continued maintenance/support of automated pricing and trading algorithms, models and controls which further the business and risk management objectives.• Responsible for working together with desk quants and IT (including those in BA, PM, Dev, QA and RM roles) in order to achieve the above.• Responsible for ongoing monitoring of system performance and data mining to identify shortcomings/opportunities for improvement.• Consulted on models and algorithms developed by others in FX E-Trading.• Ensure adherence to all internal and external regulations• Ensure adherence to internal standards and processes, including, but not limited to, the System Delivery Framework and Technology Delivery Assurance.• Ensure that the business meets its obligations the prevention of money laundering under the Group Policy and Standards and under local laws and regulations• Ensure that there are appropriate and documented internal controls and procedures in place.• Monitor the operation of such procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulationsRisk Management• Responsible for identifying, monitoring, controlling and mitigating risks to the Group stemming from the FX E-Trading business.• Responsible for embedding operational risk monitoring as an integral part of the business process.• Responsible for ensuring there are appropriate and documented internal controls and procedures in place.• Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them• The ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measures• Comply with guidelines as outlined in the annual dealer mandate• Embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance
Key Stakeholders• Global Head of Quant Trading• eTrading Programme Manager