Systematic Trader
CMC Markets · Dubai
We are currently recruiting for a Systematic Trader to manage all aspects of quantitative trading and market making across variety of asset classes in relation to the groups institutional offering. This is a varied and fast paced role requiring regular communication with Head of Systematic Market Making, Quant Analysts, Data Scientist, Infrastructure & Development teams, Institutional Sales and the market, credit, and liquidity risk managers.
Business Unit Responsibilities:
Management of Market Risk
- Responsible for design and management of quantitative trading and market making strategies, as well as algorithmic trading in relation to the firms institutional offering. Conduct research on risk models, signal generation, portfolio construction methodology, flow analysis, liquidity models, trading cost models, and market microstructure.
Pricing
- Responsible for design and management of the core pricing system and indirectly dealing with a client by providing price and liquidity in relation to the firm’s products.
Key Individual Responsibilities:
- Manage quantitative trading strategies by leveraging existing trading technology and infrastructure.
- Mix creativity and analytical disciplines in strategy optimization, execution, alpha research and risk management.
- Design and drive the continual evolution of trading and risk management systems.
- Manage the Group’s trading exposures within pre agreed company limits (MRCR, Risk, P&L).
- Use trading metrics to support trading decisions, identify inefficiencies, increase profitability, and improve performance.
- Find ways to both systematically and opportunistically increase the group’s profitability.
- Work closely with Financial Risk Management to understand and to share insights on known and emerging market, credit, counterparty, and liquidity risks to the business.
- Ensure that all automated trading applications have suitable levels of control, monitoring, and safety features.
- Understand the regulatory and supervisory environment and demonstrate ownership of our obligations and responsibilities, such as, but not limited to: Best Execution obligation, FX Global Code of Conduct
- Maintain personal/professional development to meet the changing demands of the role, including all relevant regulatory and legislative training.
- Take all reasonable steps to ensure appropriate confidentiality.
- Undertake such other duties, training and/or hours of work as may be reasonably required, and which are consistent with the general level of responsibility of this role.
KEY SKILLS AND EXPERIENCE
- Strong academic background in an analytical field such as Computer Science, Mathematics, Physics, Engineering with experience in FICC, Equities or derivatives sector.
- Proven ability to analyse large data sets and draw useful commercial conclusions.
- Development in real-time algorithmic systems. Familiarity with Java and Python preferred. In the absence of these, strong familiarity with alternative languages is essential to demonstrating an ability to develop production code. Strong experience of a wide range of trading technologies and strategies, including their performance metrics.
- Strong communication skills, both written and spoken.
- Demonstrated understanding of and engineering of a safe operating environment, particularly regarding the control environment around electronic trading.
- Suitability to be an FCA SMCR Certification Function