At a Glance
- Tasks: Lead the London Trading Risk Desk and manage real-time risk monitoring.
- Company: Join Eightcap, a dynamic fintech focused on empowering traders with innovative tools.
- Benefits: Enjoy a fast-paced culture, collaborative environment, and opportunities for growth.
- Why this job: Be at the forefront of trading technology and make a real impact in the industry.
- Qualifications: 6+ years in trading risk; degree in finance, economics, or related field required.
- Other info: Inclusive hiring practices encourage all qualified candidates to apply.
The predicted salary is between 48000 - 84000 £ per year.
Eightcap is a dynamic online trading provider focused on delivering great trading tools and pro trading insights to enable smarter trading. The Company is headquartered in Melbourne, Australia with offices in the UK & Cyprus and support offices in The Bahamas, Bulgaria and Guatemala. We combine the agility of a fintech company with the stability of a trusted financial institution to deliver trading technology and solutions for B2B clients and traders, empowering them to succeed. Our culture is fast-paced, collaborative, and innovative.
We are seeking an experienced Trading Risk Manager to support Eightcap's growth by establishing and managing the London Trading Risk Desk. This is a pivotal leadership role responsible for driving real-time and post-trade risk monitoring, setting up robust risk frameworks, and ensuring the integrity of derivatives trading activity across global venues.
Responsibilities
- Setup & Leadership: Build and lead the London Trading Risk Desk, developing frameworks, tooling, and procedures aligned with Eightcap's global risk model.
- Real-Time Market Risk Oversight: Monitor live trade flows to manage exposure, pricing risk, and toxic order flow across FX, indices, crypto, commodities, and shares. React swiftly to market volatility, slippage, and execution anomalies.
- Exposure Management & Trade Analytics: Manage exposure and P&L attribution across all asset classes. Conduct deep-dive trade reviews, stress testing, and scenario analysis to guide risk-adjusted decision-making.
- Margining, Limits & Escalations: Define and maintain risk limits, automated margin controls, and escalation protocols that reflect our risk appetite and support business growth.
- Risk Technology & Automation: Work with engineering and product teams to scale risk tooling through APIs, live data feeds, and dashboards. Drive automation of key monitoring and alerting processes.
- Strategic Risk Input: Support trading model reviews, liquidity provider performance, product launches, and internal projects. Represent risk in commercial and operational discussions.
- Post-Trade Review & Incident Response: Lead investigations into pricing errors, client behavior, or platform issues. Provide actionable feedback to improve platform integrity and trading outcomes.
About you?
- Minimum 6 years in trading risk at a broker, proprietary desk, or fintech platform with strong exposure to derivatives and leveraged products.
- Bachelor's degree (or higher) in finance, economics, engineering, mathematics, or a related quantitative discipline.
- Deep understanding of CFDs, FX, crypto, indices, and commodities trading, including associated pricing, market structure, and liquidity risks.
- Proficient with MetaTrader (MT4/MT5), DXtrade, or cTrader.
- Hands-on experience with real-time risk systems and dashboards.
- Demonstrated ability to manage pricing risk, exposure, toxic flow, and latency arbitrage within high-frequency or real-time trading environments.
- Strong leadership and cross-functional collaboration skills.
- Proven ability to operate independently in a fast-paced trading or risk environment.
- Comfortable working with APIs, data pipelines, and automation tools for real-time monitoring and analytics.
- Knowledge of MAR and market abuse surveillance systems, MiFID/MiFIR and EMIR transaction reporting and FCA Best Execution and Consumer Duty obligations.
- Experience in setting up or scaling a trading risk function from scratch within a regulated environment.
- Knowledge of order routing, execution models, and liquidity provider performance analytics.
Are you interested in this opportunity but don't meet every requirement? Eightcap endeavours to create an inclusive and diverse workforce by offering an opportunity for the right people and so we encourage you to apply.
We respectfully ask that no recruiters contact anyone at Eightcap regarding this role.
Trading Risk Manager employer: Eightcap Pty Ltd.
Contact Detail:
Eightcap Pty Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trading Risk Manager
✨Tip Number 1
Familiarise yourself with the specific trading platforms mentioned in the job description, such as MetaTrader and DXtrade. Having hands-on experience with these tools will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals in the trading risk management field, especially those who have experience in fintech or brokerage environments. Engaging in discussions about market trends and risk management strategies can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on regulatory changes and best practices related to trading risk, such as MiFID/MiFIR and FCA obligations. This knowledge will not only enhance your expertise but also show potential employers that you are proactive and well-informed.
✨Tip Number 4
Prepare to discuss your previous experiences in managing pricing risk and exposure during interviews. Be ready to share specific examples of how you've successfully navigated challenges in high-frequency trading environments, as this will highlight your suitability for the role.
We think you need these skills to ace Trading Risk Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Trading Risk Manager position. Familiarise yourself with trading risk management concepts, especially in relation to derivatives and leveraged products.
Tailor Your CV: Customise your CV to highlight relevant experience in trading risk management, particularly your hands-on experience with real-time risk systems and your understanding of market structures. Use specific examples that demonstrate your leadership skills and ability to operate in fast-paced environments.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your background aligns with Eightcap's mission and culture, and provide insights into how you can contribute to their growth.
Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your application is clear, concise, and professional, as attention to detail is crucial in the trading risk management field.
How to prepare for a job interview at Eightcap Pty Ltd.
✨Showcase Your Technical Knowledge
Make sure to brush up on your understanding of derivatives, FX, and crypto trading. Be prepared to discuss specific risk management tools and systems you've used in the past, as well as how they relate to real-time monitoring and analytics.
✨Demonstrate Leadership Skills
As this role involves building and leading a team, be ready to share examples of your leadership experience. Discuss how you've successfully managed teams or projects in fast-paced environments, highlighting your ability to collaborate across functions.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in high-pressure situations. Prepare to discuss how you would handle market volatility or pricing errors, and provide examples from your previous roles where you successfully navigated similar challenges.
✨Understand the Company Culture
Research Eightcap's values and work culture. Be ready to explain how your personal work style aligns with their fast-paced, collaborative, and innovative environment. This will show your genuine interest in the company and its mission.