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Trading Operations Specialist - Overnight Coverage

Vatic Labs

Vatic Labs

Operations
New York, NY, USA
Posted on Friday, March 29, 2024

Given the scope of this role, we require prior electronic trading experience. Candidates with less than 2 years of HFT OR electronic trading experience will not be considered.

Vatic is seeking a trader to join its Trading Operations team based in New York. The Trading Operations team at Vatic is responsible for the oversight and management of real-time trading. This includes assessing the firm's risk in a dynamic market, working with counter parties to resolve issues, and improving operational processes on the desk. This position will be the sole coverage for European markets, and will require working European market hours (3am to 12pm ET).

The ideal candidate has both trading experience with exposure to cash equities, futures, and swaps as well as technical skills in python, sql, etc. As this role is key to the success of the business and must handle high-pressure situations, the candidate must be reliable, composed, curious, autonomous, and honest.

The candidate will gain exposure to everyone in the organization in a wide variety of responsibilities. They will interface with the portfolio management team regarding strategy and trading observations, the tech team on process improvements, compliance regarding constant adherence to regulations, and more.

Responsibilities include:

  • Monitor trading of quantitative long/short trading strategies during European market hours
  • Constantly assess firm's risk by monitoring a large number of dynamic metrics across different platforms
  • Work with brokers, middle office, and third parties regarding trade reconciliations, corporate actions, stock loan
  • Work with legal and compliance to ensure constant understanding and adherence to all regulations in a highly regulated industry
  • Communicate observations around trading behavior and market activity with research and portfolio management team
  • Triage, investigate and remediate any operational or technical interruptions to trading activity
  • Compute and execute trades to hedge the firm's exposure during abnormal trading conditions
  • Propose and build/improve tools to support and automate the firm's trading platform
  • Flexibility for a rotating shift as trading activity and coverage requires

If you possess the following, we would love to explore what is available for you on our team:

  • 2-5 years of experience in a relevant execution trading role
  • Understanding of an algorithmic trading platform, OMS/EMS
  • Able to handle a number of tasks in a fast-paced, high-pressure environment
  • Strong analytical skills and attention to detail.
  • Comfortable working autonomously
  • Comfortable with Python, SQL, Unix/Linux, cloud technologies

While we are serious about our work at Vatic, we also promote a fun environment! You can expect:

  • Ping pong and poker games
  • Fun Team Outings
  • Unlimited office snacks
  • Free breakfast, lunch, and dinner
  • Gym Membership
  • Full health insurance coverage for employees and dependents

The base salary range for this role is between $115,000 and $225,000. The base salary range does not include any other form of compensation, such as any bonus amounts, or any benefits. Factors that may impact the agreed upon base salary within the range for a particular candidate include years of experience, level of education obtained, skill set, and other factors.