Algorithmic Trading Vice President

RBS•Stamford, CT

About The Position

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. Purpose of Role 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. What does this role holder do? 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 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 an eFX business

Requirements

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

Responsibilities

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 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 an eFX business