eTrading Market Risk Manager

London, United Kingdom
26 Sep 2022
07 Oct 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
As a Barclays Electronic Trading Market Risk Manager you will oversee the electronic trading initiatives cross asset class and regions, reporting into the Global Head of the team based in London. Providing 2nd line Risk oversight for electronic trading activities across Equities, Rates, FX, Credit, in line with Barclays governance and controls requirements.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive and creating financial and digital solutions that the world now takes for granted.

Hybrid Working
We are currently operating in a hybrid working environment, meaning that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• Oversee the electronic product initiatives to ensure a robust risk control framework is established
• Evaluate the design of the risk controls is fit for purpose, and risk limits established are effective to mitigate financial risk
• Challenge the testing strategy of the risk control framework for any software deployment, and collaborate with Technology to drive improvements to processes via automations
• In collaboration with the 1st line of defense, establish, and regularly enhance the governance and controls requirements through Policy/Standard updates
• Working in collaboration with the asset class risk managers drive the remediation effort of the algorithm financial controls
• Implementing appropriate risk metrics to monitor and control exposure intraday to ensure it stays within the risk appetite
• Establish cross asset class consistency for limit structure, approvals, real time monitoring, and periodic recalibration
• Proactively identify process and control gaps by reviewing ongoing risk events or issues, and work with the stakeholders on remediation efforts from lessons learned

What we're looking for:
• Experience working in a function related to algorithmic trading -as a trader, business manager, technologist, or risk manager
• Understanding of Rules and Regulations on electronic trading (MIFID II, PRA SS5/18, US Market Access, etc.)
• Experience of Regulatory interactions or assisting with this
• MBA or Masters in a quantitative field

Skills that will help you in the role:
• Preferred working knowledge of Macro markets, in particular algorithmic trading strategies
• Understanding of traditional Operational and Market risk management frameworks and controls

Where will you be working?
5 North Colonnade is home to our investment bank and is in the heart of Canary Wharf, just a short walk from our headquarters at Churchill Place. It boasts an array of onsite amenities such as dry cleaner as well as a deli and buffet style staff restaurant. The building is easily accessible by tube, docklands light railway and all major bus links. The atmosphere is second to none with a real buzz being created around the offices within.

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