Apply NowLocations: Hong Kong, Central and Western DistrictJob Function: Risk ManagementEmployee Status: RegularJob ID: 20204021
AVP, Algorithmic Trading Risk Manager
Job Purpose: Working as part of the Global Markets Low Touch e-Trading Activity (LTA) team, this front-office role would entail first line of defence (1LoD) real-time monitoring of all algorithmic trading activities by Citi's traders and clients in Asia for signs of disorderly trading and limit breaches as well as working with business, Compliance and Risk to implement strategic control enhancement projects. The role is required to ensure compliance with MIFID II & HKMA requirement as well as supporting the new implemented LTA related conduct risk control framework. The role therefore has a critical part to play in ensuring best business practice, as well as satisfying MIFID II, HKMA and the focus of several regulatory bodies who scrutinize our control framework around LTA.
Real-time monitoring of all algorithmic trading activities by Citi's traders and clients in Asia for signs of disorderly trading, limit breaches etc.
Work with the Desk heads, Compliance and Risk functions to determine appropriate pre-trade limits, changing and periodic review of these limits
Analyse and review historical traded data to estimate values at which pre-trade and post-trade controls are set
Assess desk procedures and workflow (i.e. list of systems used, change & approval processes for pre-trade and post trade limits, documentation)
Review kill switch activation procedures and escalation protocols
Implementation and management of remedial actions
Significant input into LTA governance framework including maintenance of LTA strategy and application inventory, new strategy and application approval, maintenance of LTA related documents
Annual self-assessment of LTA key controls and drawing up validation report to comply with MIFID 2 requirement
Excellent process and task management skills; capable of seeing the bigger picture as well as strong focus on day-to-day execution.
Experience of working with colleagues from different businesses, regions and support functions
Experience in an FICC controls related role (Electronic Trading, Business Analysis, Risk Management, Compliance, Audit, Middle Office) desirable not essential
Knowledge of Market Abuse Surveillance using tools like SMARTS, ACTIMIZE desirable not essential
Strong financial skills, analytical skills and problem solving skills
Strong communication skills
Tenacious hands-on problem-solving skills.
Excellent task management skills and capable of keeping many different moving parts in view at once.
Strong business analysis & project management skills; ability to balance short-term and medium-term remedial action.
Ability to identify and manage dependencies across large parts of the front office and control functions.
Focus on execution and getting the job done
Bachelor's/University degree or equivalent experience preferably in an FICC controls related role (Electronic Trading, Business Analysis, Risk Management, Compliance, Audit, Middle-Office)
Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - HK
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