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AVP, Algorithmic Trading Risk Manager

Locations: Hong Kong, Central and Western District Job Function: Risk Management Employee Status: Regular Job 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.

Responsibilities:

  • 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

Knowledge/Experience:

  • 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

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

Education:

  • Bachelor's/University degree or equivalent experience preferably in an FICC controls related role (Electronic Trading, Business Analysis, Risk Management, Compliance, Audit, Middle-Office)

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Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - HK

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