AVP - Statistical Modelling & Development - BFS

About Statistical Modelling and Development

The Statistical Modelling and Development team remit lies within the trading activities in the Markets division, in particular electronic trading activities. It is responsible for

- Algorithms and model based business logic used in electronic trading in Markets.

- Data Science applied to trading and sales activities

- Underlying technology used in electronic trading and Data Science

- The primary purpose of electronic trading is to provide liquidity to clients on agency and principal basis, where either the connection to the client is electronic or provision of that liquidity requires electronic trading. This requires the analysis, research and development of proprietary algorithms and trading business logic using data mining and statistical techniques.

- The business logic includes information extraction from market data, price formation, auto-hedging, algorithmic risk management, execution strategies and smart-order-routing.

- The primary purpose of the Data Science work is to extract information from our trading and market data to feed into decision making and algorithm design.

- The instruments that we currently cover include Equities, FX Spot, Government Bonds, Corporate Bonds, Rates Futures, Rates Swaps, NDFs and CDS indices.

Overall purpose of role :

- Quant-developer working within the SM&D team, designing and developing reusable frameworks to underpin our market analytics, execution strategies and models, pricing, hedging, pre/post trade analytics.

- Our purpose is to create best in class business logic used in the underlying electronic liquidity offering for clients along with any associated analytics.

- You will be involved in the full lifecycle from requirements gathering, design, implementation, productionisation, optimisation, monitoring and second line support.

Key Accountabilities :

- Enhancing/Maintaining Agency Execution Platform (called Gator) - critical client facing product handling large volumes of FX orders every day

- Provide best in class service to clients

- Design of frameworks and functionality for development of trading algorithms

- Closely working with Quants and Developers in London and Singapore for implementation, testing, and productionisation of system features and bugfixes

- System tuning and optimisation

- Analysis of and improvements to algorithm performance

- Proactive identification and resolution of problems and issues

- Provision of required high quality support in timely manner

- Participation in team peer reviews of code, modelling and testing

- Participation in team knowledge sharing and presentations

Stakeholder Management and Leadership

This role involves significant interaction with our partners in Product, Trading, Technology, Sales, Compliance and Risk. It may involve direct interaction with clients. The ability to work and communicate across diverse teams is essential.

Decision-making and Problem Solving

This position requires strong software design, analytical and programming skills. Attention to details and ability to make independent judgement are critical for success at this position.

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Policies and Policy Standards.

Person Specification

Personal attributes essential to performing role including competencies, expertise, knowledge, and experience. Note: experience requirements must not be in the form of years (minimum or otherwise).

Essential Skills/Basic Qualifications:

- 4+ years of hands-on programming experience in Quants development

- Extensive experience of Java in a shared codebase

- Prior experience with algorithms or eTrading business logic

- Graduation or Masters degree from reputed institution in a quantitative, mathematical or scientific discipline

Desirable skills/Preferred Qualifications:

- Previous experience of developing Agency Execution Platform in any asset class

- Domain understanding of FX products and trading

- Knowledge of low latency and event driven programming

- Knowledge of Python, kdb+/Q languages