What are the responsibilities and job description for the Electronic and Algorithmic Trading Risk Manager position at Nomura?
Company overview
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors
Department Overview
The Electronic and Algorithmic Trading Risk Function sits within Market Risk and is responsible for operating the Firm’s Global governance framework.
The function provides 2nd line oversight and challenge of electronic and algorithmic trading activity across Rates, FX, Credit, Equities and F&O businesses. These businesses operate across all regions including Japan, Hong Kong, Singapore, Germany, the UK and the US.
Role Responsibilities
-
Support global governance aspects relating to the EAT Risk Framework including:
-
Development and maintenance of Risk owned Policies and Procedures
-
Support the running of Risk Committees
-
Production of Management Information
-
-
Primary coverage and focus will be supporting the US Equities business, which includes:
-
Nomura’s principal trading algo strategies
-
Instinet execution services
-
-
Contribute to the continued development of the Algo Control Framework and work with key stakeholders to embed new processes
-
Undertaking technical regulatory analysis to assess potential gaps and define solutions which can embedded effectively within the Risk Management Framework
-
Facilitate annual control and limit attestation processes
-
Review and analyze Electronic Trading relevant incidents and facilitate reviews of lessons learned and cross-functional reviews.
-
Review new Electronic Trading Systems or material changes to existing systems.
Skills Required
-
At least 3 years’ relevant E-Trading/ Algorithmic experience in one of the following function: E-Trading, Technology, Technology Risk, Compliance or Operational Risk Management
-
Strong written and verbal communication skills with the ability to engage with all levels of management
-
An ability to remain objective and to independently raise areas of risk exposure
-
Ability to effectively collaborate with multiple stakeholders including compliance, legal, internal audit, risk managements and senior business partners.
-
Strong project management skills with the ability to handle multiple deliverables.
-
Working knowledge of the following:
-
Equities E-Trading Markets
-
E-trading specific regulation (MiFID II, PRA, FCA, CFTC, Dodd Frank, MAR etc.)
-
E-trading workflows: algorithmic trading strategies, smart order routing, order management systems, auto hedging, pricing and RFQs, dark pools, FIX protocol etc.
-
Fundamentals of IT change, Technology platforms and standard control requirements
-
*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.
Nomura is an Equal Opportunity Employer
Salary : $145,000 - $175,000
