VP - Algo Trading Market Risk Officer

The Electronic and Algorithmic Trading Risk Function operates within Market Risk, providing second-line oversight and challenge for electronic and algorithmic trading activities across multiple asset classes, including Rates, FX, Credit, Equities, and Futures & Options. These activities span global regions, including Asia, Europe, and the Americas.

Client Details

Foreign corporate and investment bank, with office in Midtown.

Description

Key Responsibilities:

• Support the global governance framework for Electronic and Algorithmic Trading Risk, including:
• Development and maintenance of risk-owned policies and procedures
• Coordination and administration of risk committees
• Compilation and analysis of management information
• Provide primary coverage for the U.S. Equities business, encompassing:
• Principal trading algorithm strategies
• Execution services within electronic trading environments
• Contribute to the enhancement and implementation of the Algo Control Framework, collaborating with key stakeholders to establish and refine processes
• Conduct technical regulatory analysis to identify gaps and define solutions that strengthen risk management practices
• Facilitate annual control and limit attestation processes
• Review and analyze electronic trading incidents, leading lessons-learned evaluations and cross-functional risk assessments
• Assess new electronic trading systems or significant modifications to existing platforms

Profile

Required Skills & Experience:

• 7+ years of experience
• Minimum of three years of relevant experience in electronic trading or algorithmic risk, within functions such as E-Trading, Technology, Compliance, Operational Risk, or Technology Risk
• Strong written and verbal communication skills, with the ability to engage effectively with stakeholders at various levels
• Ability to remain objective and independently identify areas of risk exposure
• Experience collaborating with diverse teams, including compliance, legal, internal audit, risk management, and senior business leaders
• Strong project management skills with the ability to handle multiple deliverables concurrently
• Knowledge of Equities electronic trading markets
• Knowledge of Key electronic trading regulations (MiFID II, PRA, FCA, CFTC, Dodd-Frank, MAR, etc.)
• Exposure to E-trading workflows, including algorithmic trading strategies, smart order routing, order management systems, auto-hedging, pricing and RFQs, dark pools, FIX protocol

Job Offer

$150,000 - $200,000 base salary.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.