IED, Front Office Electronic Trading Risk Manager – Vice President / Executive Director
- Recruiter
- Morgan Stanley
- Location
- London, UK
- Salary
- Not disclosed
- Posted
- 24 Jan 2023
- Closes
- 24 Feb 2023
- Ref
- 3228707
- Approved employers
- Approved employer
- Job role
- Compliance/risk, Finance director, Financial accountant, Financial analyst, Financial planning & analysis
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Director
Job Description
Company Profile:
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile:
Morgan Stanley’s Institutional Equities Division is underpinned by complex trading technology which continually evolves to meet the needs of our clients, the Firm, the venues we execute on and the increasing regulatory focus from our regulators in the UK, Europe and globally.
Role Summary:
Morgan Stanley’s Institutional Equities Division (IED) is looking for a front office Electronic Trading Risk Manager to partner with the heads of the Division’s electronic trading businesses. Responsibilities include ensuring business growth initiatives are rolled out in a risk-controlled manner and integrity of our electronic trading system.
Qualifications
Team Profile:
The Electronic Trading Risk Management (ETRM) team is a specialist front office group focused on controlling the Division’s e-Trading businesses, including execution of client flow, principal liquidity provision systems and supporting processes.
The ETRM group’s primary responsibility is the integrity of these electronic trading systems and protecting the Firm against e-Trading issues.
ETRM is responsible for:
- Partnering with business heads through provision of risk guidance and approval for all automated trading strategies and electronic trading related business initiatives.
- Design, implementation, and monitoring of innovative electronic trading control solutions (e.g., fat-finger and runaway algo prevention), which includes enabling business development in a risk-controlled manner.
- Provide subject matter expertise and direction as it relates to interpretation and understanding of trading, regulatory and trading venue rules
- The Global Limit Manager (GLM) system which provides pre-trade controls, owning the system and responsible for monitoring on a real-time basis.
- Risk oversight of IED’s electronic-trading Technology Change Management.
- Advising IED desk heads on e-trading control and limit structures.
- E-trading regulatory matters
Role Description:
The ETRM group are looking for a self-starting, articulate, ethically minded, control focused leader with the ability to apply existing knowledge and experience to this specialised area. The individual will need to be able to articulate their logic and implement risk decisions within their remit. Ideally the candidate would have a background in and understanding of electronic trading of Equity based products and must have the ability to stay calm, clear, and measured under pressure.
Success in this specialized area of expertise requires the following competencies:
- A technical mind to understand the complex trading technology infrastructure
- A control focused approach that includes making appropriate risk decisions in a time pressured environment
- Solution driven approach to identified issues
- To both learn quickly and teach others on the workings of both systems and processes
This is a risk management role within the EMEA Equity Division.
Areas of responsibility will include:
- Leading a team of e-Trading specialists
- Partnering with business leads on e-Trading business initiatives
- Review and approval of electronic trading platform implementation
- Setting of trading limits and defining appropriate limit structure governance
- Regulatory reporting governance
- Leading risk reviews of sales and trading businesses and applications
- Reviewing application and engine behaviour against internal policies and external regulatory requirements.
- Leading new products approval process
- Technical e-Trading reviews
Desirable Skills:
- Team leadership skills and experience
- An understanding of and interest in the broader business and regulatory environment is necessary.
- Ability to interact and build strong relationships with stakeholders across teams, functional boundaries, and with clients.
- Ability to recognize and manage conflicting priorities/expectations across multiple stakeholders.
- Knowledge & experience of the cash equity and/or equity derivative products is preferred. A good understanding of the front-office processes is also preferred, particularly:
- Securities trading
- Electronic Trading Governance
- Regulatory requirements
- Regulatory Reporting
- Experience in financial services in building, supporting front office sales and trading systems; or some experience in management of technology led projects and understanding the complexities and issues that result from such initiatives.
- Capability to perform data analysis and have a strong willingness to learn new technologies.
- Strong multitasking and organizational skills.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
For further information, and to apply, please visit our website via the “Apply” button below.
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