Algorithmic Trading Vice President

This job description is intended to describe the general requirements for the position. It is not a complete statement of duties, responsibilities or requirements of the role. Other duties not listed here may be assigned as necessary to ensure the proper operations of the department and the business.

The eFX business is responsible for all pricing, distribution and auto risk management of eCommerce FX business in Markets. It specialises in operating a low latency platform ensuring high resiliency for all clients 24 hours a day. The business is operating at record levels regularly trading in excess of 50k tickets per day. It covers G10, deliverable EM pairs and also NDF’s.

• Understand the risk being run by the eFX portfolio and all associated pricing and risk management strategies
• Ensure pricing is competitive and focussed on key clients
• Support and maintain a robust risk control environment
• Manage all day to day risks efficiently and in well controlled manner, from the automated market making business
• Highlight day to day issues to Support, Technology and Quant Trading in order to be remediated and ultimately for product improvement
• Effectively manage Liquidity Provider relationships
• Collaborate with global sales teams to drive forward the client agenda helping to produce relevant MI, actions and product improvement. Focus on delivering the Client Strategy
• Assist in the creation of innovative trading products as well as new pricing, execution or hedging techniques
• Be able to provide in depth analysis and build suitable reports of the business through use of internal tools e.g. Goldmine, KDB
• Ensure that activities are within risk management policies covering market, operational, credit and regulatory risks
• Escalate any breaches, risks or weaknesses in line with policy
• Ensure portfolio is compliant with dealing authorities, positions and risk limits and RBS’
• Work with eFX technology and technical leads to achieve desired business outcomes
• Ensure we operate a well-controlled business and deliver all regulatory requirements specific to a eFX business

The successful candidates will be required to establish close working relationships globally across the Currencies Trading and Sales business lines and maintain similar relationship with our business partners in middle and back office.

• Experience and understanding of eFX products and associated systems
• Experience of FX Analytics
• Understanding of full life cycle of eFX products e.g. Client execution through to market interaction
• FX technology experience preferable
• Understanding of trading and hedging strategies along with specific market idiosyncrasies
• Demonstrable and thorough understanding of the Regulatory environment affecting the FX trading business
• Experience utilizing Python for data analysis, research, or model development

The expected base annual salary range for this position is $180,000 - $220,000 at the start of employment. This is not a guarantee of compensation. The exact compensation is determined on an individualized basis and may vary based on skills, experience, training licensure, certifications and location. In addition to base salary, our total rewards package also includes eligibility for an annual discretionary bonus;

medical, dental, and vision plans; life and disability insurance; employee wellness programs; retirement and savings plans with potential employer contributions; generous paid time off policy, parental leave and tuition reimbursement.

It is the policy of Nat West Markets Securities Inc. and its parent, affiliates and/or subsidiaries to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, sex, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.

Know Your Rights