EMEA Head of Electronic Trading Risk Management

3 weeks ago


London, United Kingdom Jefferies Full time

 

 

Jefferies Group LLC, the largest independent, global, full-service investment banking firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.

Position Overview:

A Senior Risk Manager based in London with exclusive 2nd line oversight of electronic trading activities across Equities, Fixed Income and FX in EMEA and Asia. This person will be the EMEA Head of Electronic Trading Risk Management and provide reviews of, and challenge to the 1st line on, all aspects of control. Additionally, this person will help build on a globally consistent risk management governance framework.

Responsibilities include:

  • Ownership of electronic trading risk management activities for EMEA and Asia
  • Working with trading, development, and other functions to identify etrading related risk exposures and actively contributing to mitigating solutions
  • Making improvements to the globally consistent governance and controls framework for electronic trading incl. the regional governance committee
  • Performing ongoing review of front-to-back controls versus industry and regulatory standards
  • Performing periodic reviews of variety of testing including those related to algo releases, controls, stress, kill switches and capacity
  • Being the EMEA and Asia eTrading point person for risk in other initiatives such as Best Execution  
  • Contribute to operational risk management activities such as RCSA, Scenario Analysis and Event QA (incl. cross regional lessons learned), where required
  • Stewardship of remediation projects, regulatory findings or audit actions related to eTrading risk management

 

Requirements:

  • Minimum 5-10 years’ experience in EMEA equity markets (and microstructure) with emphasis on low-touch activities; additional fixed income experience would be a plus
  • Preferred background in computer science or a related technical field with knowledge of areas such as SDLC best practices, technology risk, trading infrastructures (networking/servers), etc.
  • User experience of algorithms preferable, mainly agency equity and knowledge of algorithm components (strategies, tactics, SORs); exposure to principal algos such as CRB or Fixed Income market making desirable
  • Knowledge of cross regional regulatory requirements relevant to the space, particularly MiFID II (RTS6), PRA, FCA, and also of ex-EMEA would be desirable incl. US 15c3-5, FINRA15-09, SFC, etc.
  • Ability to persuade and making compelling arguments and to constructively engage with stakeholders across the organization in a challenging yet pragmatic, business minded way
  • Entrepreneurial and forward thinker – proactively look to optimize technology and data to reduce risk.

This role is based in  London and will be Office based or flexible working with a blend of home and office, subject to Jefferies operational requirements

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences, and supporting a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity workplace.  We practice equal opportunity for all, regardless of race, religion, ancestry, color, gender, pregnancy, age,  physical or mental disability, national origin, marital, family and social status, sexual orientation, gender identity or expression, genetic information, reproductive health decisions, trade union membership or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations or adjustments to individuals with qualified disabilities, as appropriate, under applicable law. 

Jefferies’ current COVID-19 policy does not require job applicants and employees to be vaccinated and boosted against COVID-19, but Jefferies, in its sole discretion and at any time, may implement vaccinations, boosters and/or testing requirements for on-site interviews and on-site staff



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