Operational Risk Analyst

XTX Markets is an algorithmic trading firm that actively trades tens of thousands of instruments on over eighty venues with a daily volume of almost three hundred billion USD. We partner with counterparties, exchanges, and e-trading venues globally to provide consistent liquidity in the Equity, FX, Fixed Income, Commodity & Options markets, helping market participants throughout the world obtain the best prices in the various assets classes we cover.

We leverage the talent of the people who work here, modern computational techniques and state-of-the-art research infrastructure to analyse large data sets across markets quickly and efficiently, to maximise the effectiveness of our proprietary trading algorithms. The models that drive our trading strategies have evolved considerably over the last 10 years, from econometric methods that gave our company its name, to trees, to neural networks, to modern deep learning architectures. We are actively seeking new methods and ideas.

At XTX Markets technology is our business and we are a diverse organisation which attracts outstanding talent from across all industry backgrounds. We are focused on teamwork and our people collaborate on all aspects of the business, working openly and with respect for each other, our clients and the market. Our culture is non-hierarchical and one where everyone is valued. We strive for excellence in everything we do.

Within XTX, the first line business areas own and manage their risk and controls. The Risk team forms a key component of the second line, overseeing the management of operational risk across the firm. The Operational Risk Analyst will support the Head of Operational Risk in the continuing development of the firm's risk framework. You will be involved in all aspects of the firm's operational risk management, and the role offers significant room for professional growth. 

Risk management

• Actively contribute to the continuous improvement of the firm’s operational risk framework.
• Develop a clear understanding of XTX’s trading algorithms and controls, in order to keep the relevant inventories current.
• Identify and evaluate critical business processes as candidates for enhancement.
• Assist with the recording and investigation of risk events / incidents.
• Support and facilitate the periodic update of risk registers via the firm’s risk and control self-assessment (RCSA) process.
• Contribute to, and track actions arising from incidents and risk reviews.
• Oversee the firm’s outsourcing register, helping business lines to keep it current.

Risk reporting and documentation

• Assist in the production of reporting materials for risk committees.
• Develop and manage risk policies and procedures.
• Configure the firm’s operational risk system.

• Three to five years’ experience in financial services, of which at least two in operational risk.
• Strong communication and interpersonal skills.
• Able to write clearly and succinctly.
• Rapid learner with strong attention to detail.
• Able to work autonomously and prioritise as required.
• Willing to admit mistakes and seek feedback to improve performance.
• Experience analysing data with Python or Excel
• Relevant degree, ideally in STEM or similar subject.

• Operational risk system configuration.
• Risk scenario modelling.
• Project management.
• Process design.
• Operational resilience.
• Programming.
• Working in a low-latency algorithmic trading environment.

• Onsite gym, sauna, and fitness classes at no charge.
• Extensive medical benefits including an on-site doctor and therapist at no charge.
• Breakfast and lunch provided daily.
• Various supports for caregivers, including emergency dependent care.
• Beautiful Kings Cross office: https://vimeo.com/257888726
• 25 days paid holiday per year + statutory holiday and paid sick days.
• Generous pension contributions.

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