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Risk Associate

External
Full-timeOn-siteToday
ComplianceFPGAMachine LearningPythonRisk ManagementSQL
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Responsibilities

  • Providing risk oversight for the firm's trading activities, with a primary focus on electronic trading and market risk
  • Assisting the Regional Head of Risk and the wider team in overseeing day-to-day trading operations to ensure risks associated with the production trading environment are appropriately controlled and that issues are identified, escalated, and resolved promptly
  • Monitoring and controlling electronic trading and market risks across trading strategies in real time, escalating, reporting, and helping to resolve risk-related issues in a timely manner
  • Designing, maintaining, and reviewing risk limit frameworks, as well as stress-testing and scenario analysis frameworks, including market dislocations and correlation shifts
  • Working closely with Portfolio Managers, Traders, Core Engineering, Business Management, and Operations teams to respond effectively to and resolve trading-related risk issues
  • Providing risk governance across trade lifecycle events, new projects, and initiatives, ensuring material risks are identified, quantified, appropriately escalated, and effectively mitigated
  • Assisting Risk Management and Risk Technology teams in enhancing electronic trading risk controls, including improvements to control design, monitoring, alerting, and automation
  • Conducting ad hoc risk, stress, and margin analyses, including regular back-testing, to support limit governance, escalation processes, and senior risk forums.

Requirements

  • Strong academic background with a bachelor's degree in mathematics, engineering, computer science, physics, or a related quantitative discipline; a quantitative master's degree is highly regarded
  • 2 to 5 years of experience in an electronic trading risk role, gained within a sell-side, buy-side, quantitative proprietary trading, or digital assets environment
  • Demonstrated ability to apply sound risk judgement to complex portfolios and to challenge trading assumptions constructively and credibly
  • Experience collaborating with trading, business management, compliance, and technology teams in highly automated, electronically driven trading environments
  • Solid Python and SQL/database proficiency, with strong analytical, problem-solving, and attention-to-detail skills
  • Desire to continuously learn and proactively challenge the status quo
  • Excellent written and verbal communication skills

Benefits

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.Our benefits include:Generous paid time off policiesSavings plans and other financial wellness tools available in each regionHybrid working opportunitiesFree breakfast, lunch and snacks dailyIn-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 givingSocial events, happy hours, treats and celebrations throughout the yEquity / stock options

Additional Information

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.


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