Risk Associate

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 worlds 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.

• Providing risk oversight for the firms 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.

• Strong academic background with a bachelors degree in mathematics engineering computer science physics or a related quantitative discipline; a quantitative masters 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

Towers headquarters are in the historic Equitable Building right in the heart of NYCs 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 youll 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.