Manager, Risk
Tower Research Capital · New York, United States · 1y ago
Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.
Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.
Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.
At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.
At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.
Responsibilities
- Providing risk oversight for the Americas trading activities of the firm by focusing on electronic trading and market risk
- Assisting the regional Head of Risk in overseeing, managing and modeling risk for the regional trading activities
- Working closely with the Portfolio Managers, Traders, Core Engineering team, and Prime Brokers to respond effectively to resolve trading related issues
- Assisting Risk Management and Risk Technology teams to enhance trading risk controls and to mitigate operational risk
- Conducting ad-hoc risk and margin analysis in addition to back-testing on a regular basis
Qualifications
- Strong academic background with a bachelor’s degree in sciences, quantitative master’s highly regarded
- 3 to 6 years of experience in an electronic trading risk role gained with a quantitative proprietary trading group or sell-side electronic trading role
- Desire to continuously learn and proactively challenge the status quo to improve existing processes
- Experience working with compliance, business management and technology teams
- Solid Python and database proficiency required
- Strong problem-solving skills and attention to detail
- Excellent written and verbal communication skills
- Experience with equities and options preferred
Anticipated annual base salary range is $150,000-$200,000 plus eligible for discretionary bonus.
Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.
At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.
Our benefits include:
- Generous paid time off policies
- Savings plans and other financial wellness tools available in each region
- Hybrid working opportunities
- Free breakfast, lunch, and snacks daily
- In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
- Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
- Volunteer opportunities and charitable giving
- Social events, happy hours, treats, and celebrations throughout the year
- Workshops and continuous learning opportunities
At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.
Tower Research Capital is an equal opportunity employer.