Job description
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, hardware acceleration, and data-intensive systems. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability, and performance. Our Business Support teams enable our trading and engineering teams to perform at their best.
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.
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 equity trading activities of the group with a particular focus on equity statistical arbitrage and equity delta one strategies
- Assisting the regional Head of Risk in overseeing, managing, and modeling risk for the regional trading activities across all asset classes
- Assessing and challenging equity financing risk drivers and their impact on P&L and stress outcomes
- Maintaining risk oversight of securities lending and borrowing dynamics, evaluating the impact of borrow availability, recall risk, specials, and corporate actions on the firm’s overall risk profile
- Designing, maintaining, and reviewing stress testing and scenario frameworks relevant to equity delta one, statistical arbitrage, and financing activities.
- Working closely with internal stakeholders and support teams and Prime Brokers to respond effectively to and resolve trading- and lifecycle-related risk issues
- Providing risk governance across trade lifecycle events, including corporate actions, rebalances, and roll events, ensuring material risk impacts are appropriately raised.
- Assisting Risk Management and Risk Technology teams to enhance trading and financing risk controls, including improvements to monitoring, alerting, and control automation, and mitigation of operational risk
- Conducting ad-hoc risk, stress, and margin analysis, including back-testing on a regular basis, to support limit governance, escalation, and senior risk forums
Qualifications
- A bachelor’s degree in sciences, mathematics, engineering, finance, economics, or a related quantitative discipline; a quantitative master’s degree is preferred
- At least 5 years of proven experience in an electronic equity trading risk role within a sell-side equity delta one team, buy-side equity risk or portfolio finance function, or a quantitative proprietary trading environment
- Demonstrated ability to apply sound risk judgement to complex equity portfolios and to challenge trading and financing assumptions
- Strong understanding of equity financing and securities lending mechanics
- Proven capability to perform stress testing, scenario analysis, margin impact analysis, and investigative risk analysis
- Experience working closely with stock loan desks, portfolio finance, and technology teams in highly automated, electronically driven trading environments
- Solid Python and database proficiency required
- Excellent attention to detail, problem-solving skills, and 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.
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.
