Senior Trading Manager

4 weeks ago

London, Greater London, United Kingdom THE BANK OF NEW YORK MELLON CORPORATION Full time

Trading Manager Role Overview

We are seeking a highly skilled Trading Manager to join our Buyside Trading Solutions Team in London. As a key member of our team, you will be responsible for executing complex order flow, ensuring client orders are executed efficiently and effectively, and collaborating with internal teams to evolve trading practices.

Key Responsibilities

  • Manage all aspects of executing complex order flow, in support of BNY Mellon's internal asset management clients and in accordance with our best execution procedures.
  • Ensure client orders are executed in an efficient, timely, cost-effective manner, and in line with trade instructions. Work closely with peers in middle office and with counterparties to ensure efficient and accurate booking of trades.
  • Collaborate with the investment team, trade support, quant research and engineering teams to evolve trading practices and ensure efficient implementation of investment decisions.
  • Maintain and develop constructive relationships with internal clients, vendors and counterparties in a bid to constantly improve our processes.

Dealing Responsibilities

  • As a senior member of the dealing team, perform dealing activities in support of a multi-asset book of business.
  • Responsible for ensuring that investment objectives and constraints are considered when devising execution strategy.
  • Monitor quality of execution in real time and manage risk of execution through trade completion.
  • Grow and maintain relationships with broker-dealers.

Management Responsibilities

  • Manage a team of trading professionals who support a range of internal clients, such as Portfolio Managers, Client Service and Compliance.
  • Originate inventive trading solutions, rooted in technology and quant research. Develop detailed business requirements and work closely with Project Management and Technology teams to map the requirements to technical specifications and drive the implementation.
  • Facilitate the analysis of client and business needs and manage related documentation. Guide the team's production of management reporting and analyses.
  • Establish and document operating procedures in support of daily trading activities.
  • Explain trading and technical concepts and analyses to non-trading, non-technical audiences. Deliver reports and presentations to senior leaders.
  • Be a leader in market structure globally and across all asset classes.
  • Recruit, direct, motivate and develop staff, maximizing their individual contribution, professional growth, and ability to function effectively with colleagues as a team.
  • Produce and distribute quarterly client reports, and quarterly and annual board reports on commission activity, research consumption, counterparty use, broker/dealer performance and related trends.
  • Ensure compliance with appropriate regulatory regimes regarding client commission usage across all relevant global markets.
  • Implement, oversee, and report on client-directed commission requests, while ensuring compliance with strategy-based target percentage guidelines.

Benchmarking Ensuring Alignment with Industry Best Practices

  • Coordinate participation in trading benchmark surveys.
  • Collaborate with consultants/benchmark vendors to review and update survey questions to reflect relevant industry trends.
  • Leverage existing relationships with consultants/benchmark vendors to increase the breadth and depth of relevant benchmarking data regarding brokerage practices, commission usage and order handling practices, while identifying and developing new sources of relevant data and insight.
  • Manage internal record of benchmarking data and monitor tracking reports for indicated changes.

Requirements

  • Technical: Deep practical experience with Institutional Trading, TCA, Commission Management and Regulation. Demonstrable experience of successfully reporting across asset classes, globally. Extensive relevant professional experience in a reporting or analytical function. Expertise in dealing with large data sets and strong problem-solving skills is essential. Experience in dealing across equities, fixed income, foreign exchange, and derivatives markets.
  • Leadership: A proven strategic thinker, able to translate and disseminate business strategy into the dealing function, creating a clear and aligned dealing-specific strategy. Demonstrable experience of successful team management, including: Creating and sustaining a high performing team. Positive outcomes of collaborative engagement in career development activities, succession planning, performance management etc. Strong adaptable communication style: Proven ability to effectively communicate with stakeholders and team members across all levels of the business. Experienced presenter with the ability to effectively deliver findings and technical information to a wide range of audiences. Solution oriented, ability to anticipate issues, proactively course correct and successfully and constructively avoid / solve problems with tenacity and positivity.

About BNY Mellon

BNY Mellon is a leading global financial services company at the center of the world's financial system. We touch nearly % of the world's investible assets. Our culture empowers you to grow and succeed, and we are committed to creating an inclusive workplace.

Benefits and Rewards

BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team.

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