Algo Trading Risk Manager

London, United Kingdom
16 Jul 2022
15 Aug 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job Title: Algo Trading Risk Manager

Corporate Title: Associate

Division: Market Risk, Risk Management

Location: London

Company overview

Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset 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

Function Responsibilities:

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:

- Maintain and update the Electronic and Algorithmic Trading Controls Policy.
- Facilitate with the preparation of risk specific packs for relevant committees and control forums including:
o Preparation of meeting agenda and materials
o Meeting facilitation
o Minutes and actions follow-up
- Review and analyse 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.
- Facilitate the annual control attestation process.
- Coordinate the annual MiFID II RTS 6 Self Assessment and Validation.
- Review new and upcoming Electronic and Algorithmic Trading specific regulations. Perform gap analysis with the Firm's Stakeholders to determine level of compliance, gaps and remediation plans.
- Contribute to the continued development of the Algo Control Framework and work with key stakeholders to embed new processes.

Skills Required:
- At least 2 years' relevant E-Trading/ Algorithmic experience in one of the following functions: 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.

- Preferred working knowledge of the following:
o One or more Fixed income markets (Rates, Credit, FX) or Equities (and rules and regulations relating to electronic trading including but not limited to MiFID II, PRA, FCA, CFTC, Dodd Frank, MAR etc.)
o Algorithmic and electronic trading workflows: algorithmic trading strategies, smart order routing, order management systems, auto hedging, pricing and RFQs, dark pools, FIX protocol etc.
o Fundamentals of IT change, Technology platforms and standard control requirements.

Nomura competencies:

Trusted Partner
- Understand clients' needs and issues, and respond with high-quality proposals
- Acquire capabilities to perform one's responsibilities and contribute to being a Trusted Partner

Entrepreneurial leadership
- Produce new ideas that might challenge the status-quo or oneself


- Seek advice from senior colleagues and utilize it for improved results
- Collaborate with members from relevant departments

- Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
- Serve as role model and provide guidance to junior employees

- Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion
Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

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