At a Glance
- Tasks: Lead electronic trading risk management and enhance global control frameworks.
- Company: Join a leading investment bank with a focus on innovation and growth.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Why this job: Make a significant impact in the fast-paced world of electronic trading.
- Qualifications: Experience in electronic trading, risk management, and strong analytical skills required.
- Other info: Collaborative environment with opportunities to influence key stakeholders.
The predicted salary is between 72000 - 108000 £ per year.
Join us as a Vice President in Electronic Trading Risk & Control. We’ll look to you to provide electronic trading risk subject matter expertise to enable the oversight and enhancement of the global risk and control framework. You’ll review and assess adherence to the relevant electronic trading policies. This is a prominent role in which your ability to develop stakeholder relationships will be as important as your risk management skills.
In this role, you’ll run and improve the three electronic trading control lifecycles, including the algorithm lifecycle, the automated control lifecycle, and the e-platform lifecycle. You'll be responsible for ensuring that electronic and algorithmic trading is well governed and well controlled, working with the business heads to enable growth and innovation. Furthermore, we’ll look to you to investigate and respond to electronic trading risk issues, internal reviews, and regulatory inquiries.
Supporting the administration of the e-trading governance structure, including the Electronic Trading Risk Committee, you’ll design and help develop analytical tools to monitor and manage risks associated with electronic trading. You’ll conduct design and control effectiveness testing of various pre and post trade controls, and monitoring of control trigger alerts, escalating alerts to traders to resolve issues. You’ll also drive the high quality execution of transformation deliverables to demanding timelines and provide timely, impactful updates on progress and escalation of significant risks and delivery barriers.
You’ll Also:
- Deliver regulatory remediation in the electronic trading space, in a cohesive, holistic and cost-efficient manner.
- Identify, log and mitigate non-market risks, including operational, conduct, reputational, regulatory and technology, inherent in the electronic trading businesses where appropriate.
- Assist with Internal Audit’s reviews of the relevant control landscape.
- Advise business heads to continually refine the operating model for electronic trading.
- Review design specifications, test cases, and test scripts, write final assessment reports, and work with key stakeholders to review inherent and residual risk assessments for key risks across Markets.
- Support the population of algo inventory, including recording best practice control descriptions.
- Ensure the successful onboarding of new venues and their Trading GUIs.
- Review and assess controls on Trading GUIs, including appropriateness of limits.
The skills you’ll need:
To succeed in this role, you’ll need operational experience within an electronic trading business along with knowledge of financial services risk and control at different levels of the organisation. Along with excellent communication and interpersonal skills, you’ll have the ability to effectively collaborate with cross-functional teams and influence stakeholders at all levels. You’ll have proven expertise in risk management and project management roles within an investment bank or top tier consultancy. You’ll also have excellent analytical, problem-solving, and decision-making skills, with the ability to interpret complex data. Knowledge of data query languages such as SQL would be beneficial, as would knowledge of programming languages such as Python.
You’ll Also Need:
- Strong understanding of electronic and algorithmic trading, market microstructure, and trading controls.
- Experience in risk management, control testing, and governance within a trading environment.
- The ability to analyse data, interpret control alerts, and recommend actionable solutions.
- Strong knowledge of regulatory expectations around electronic trading, such as MiFID II, MAR, PRA SS5/18.
- Proven delivery experience in change, remediation, or transformation programmes.
Vice President, Electronic Trading Risk & Control employer: NatWest Group
Contact Detail:
NatWest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vice President, Electronic Trading Risk & Control
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to folks on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your knowledge in electronic trading risk and control. Share specific examples of how you've tackled challenges in the past – it’ll show them you mean business!
✨Prepare for the Tough Questions
Expect to dive deep into your understanding of regulatory expectations and risk management practices. Brush up on your knowledge of MiFID II and other relevant regulations so you can confidently discuss how you’d handle various scenarios.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Vice President, Electronic Trading Risk & Control
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Vice President in Electronic Trading Risk & Control. Highlight your relevant experience in risk management and electronic trading, and don’t forget to showcase your ability to develop stakeholder relationships.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that align with the job description, especially around governance and control frameworks.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use examples from your past roles to show how you’ve successfully managed risks and improved controls in electronic trading environments. This will help us see your potential impact.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity!
How to prepare for a job interview at NatWest Group
✨Know Your Risk Management Inside Out
Make sure you brush up on your knowledge of risk management principles, especially in the context of electronic trading. Be prepared to discuss specific examples from your past experience where you've successfully identified and mitigated risks.
✨Showcase Your Analytical Skills
Since this role involves a lot of data analysis, be ready to demonstrate your analytical prowess. Bring examples of how you've used data query languages like SQL or programming languages like Python to solve complex problems in previous roles.
✨Build Relationships with Stakeholders
This position requires strong interpersonal skills, so think about how you can showcase your ability to build relationships. Prepare anecdotes that highlight your collaboration with cross-functional teams and how you've influenced stakeholders at various levels.
✨Stay Updated on Regulatory Expectations
Familiarise yourself with current regulations affecting electronic trading, such as MiFID II and MAR. Being able to discuss these regulations and their implications will show that you're not only knowledgeable but also proactive in staying informed about industry standards.