The Firm
XTX Markets is an algorithmic trading firm that actively trades tens of thousands of instruments on over 80 venues with a daily volume of almost 300 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.
The Role
As XTX continues to expand its trading activities, we are seeking a London based member of the Compliance team to contribute to the global Compliance processes of the firm with a focus towards Operational Compliance. You will gain exposure to the Compliance, Regulatory, Operations and Trading control processes of a global electronic trading firm. Reporting to the Chief Compliance Officer, you will work closely with the Head of Operational Compliance and other members of the global Compliance team.
Responsibilities Acting as a point of contact for the business on matters relating to Compliance. Monitoring the regulatory horizon for matters that will impact XTX, including conducting analysis and assisting with the implementation of such matters. Drafting and maintaining management information, internal briefings, processes, and procedures. Exchange rulebook and new product reviews, including analysing the applicability of exchange rules and supporting the approval process of new products for XTX's trading universe. Regulatory reporting, including long and short position analysis and disclosures, and regulatory filings. Assisting in the development and testing of position reporting processes with the XTX's Operations team to support regulatory reporting. Conducting and advising on sanctions screening. Describing the firm's Compliance Control Framework to external stakeholders (e.g. exchange due diligences, regulatory requests). Supporting the documentation and the build out of procedures for Operational Compliance processes. Advising on and testing of XTX's automated operational processes. Supporting the global Compliance function in central Compliance processes including execution of tests for the Compliance Monitoring Programme, supporting maintenance of the PA Dealing Platform (PA Trades, Gifts & Entertainments and Outside Business Interests) and the onboarding and testing of new central Compliance platforms. Executing checks and reviews to ensure that XTX's Trading Analysts are correctly registered with regulators and trading venues.
Essential Attributes 3-5 years' experience in a Compliance or control function within an exchange operator, bank, regulatory authority, electronic trading firm or hedge fund. Calm and detail-oriented personality with excellent oral and written communication skills. Good analytical skills with a motivation to translate regulatory requirements into clear instructions for internal stakeholders. Ability to explain regulatory requirements clearly and concisely in both written and verbal formats. Ability to perform reviews of rulebooks and regulations to identify requirements applicable to the Firm's businesses. Time management and workload prioritisation. Advanced Excel skills.
Desirable Attributes SQL skills. Hands-on experience of industry standard project management methods such as Prince2 or Agile. Hands-on experience in position concentration reporting. Experience in electronic trading compliance, including an understanding of algorithmic trading and the associated compliance control framework (such as MiFID II and RTS 6). Previous experience/familiarity with transaction/trade reporting regulatory regimes including MiFIR, EMIR, Remit, CAT, MAS, etc.
Benefits Onsite gym, sauna, and fitness classes at no charge. Extensive medical benefits including an on-site doctor and therapist at no charge. On-site hairdressing services at no charge. Breakfast and lunch provided daily. Various supports for caregivers, including emergency dependent care. Beautiful Kings Cross office:
Office Tour . 25 days paid holiday per year + statutory holiday and paid sick days. Generous pension contributions.
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XTX Markets is an algorithmic trading firm that actively trades tens of thousands of instruments on over 80 venues with a daily volume of almost 300 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.
The Role
As XTX continues to expand its trading activities, we are seeking a London based member of the Compliance team to contribute to the global Compliance processes of the firm with a focus towards Operational Compliance. You will gain exposure to the Compliance, Regulatory, Operations and Trading control processes of a global electronic trading firm. Reporting to the Chief Compliance Officer, you will work closely with the Head of Operational Compliance and other members of the global Compliance team.
Responsibilities Acting as a point of contact for the business on matters relating to Compliance. Monitoring the regulatory horizon for matters that will impact XTX, including conducting analysis and assisting with the implementation of such matters. Drafting and maintaining management information, internal briefings, processes, and procedures. Exchange rulebook and new product reviews, including analysing the applicability of exchange rules and supporting the approval process of new products for XTX's trading universe. Regulatory reporting, including long and short position analysis and disclosures, and regulatory filings. Assisting in the development and testing of position reporting processes with the XTX's Operations team to support regulatory reporting. Conducting and advising on sanctions screening. Describing the firm's Compliance Control Framework to external stakeholders (e.g. exchange due diligences, regulatory requests). Supporting the documentation and the build out of procedures for Operational Compliance processes. Advising on and testing of XTX's automated operational processes. Supporting the global Compliance function in central Compliance processes including execution of tests for the Compliance Monitoring Programme, supporting maintenance of the PA Dealing Platform (PA Trades, Gifts & Entertainments and Outside Business Interests) and the onboarding and testing of new central Compliance platforms. Executing checks and reviews to ensure that XTX's Trading Analysts are correctly registered with regulators and trading venues.
Essential Attributes 3-5 years' experience in a Compliance or control function within an exchange operator, bank, regulatory authority, electronic trading firm or hedge fund. Calm and detail-oriented personality with excellent oral and written communication skills. Good analytical skills with a motivation to translate regulatory requirements into clear instructions for internal stakeholders. Ability to explain regulatory requirements clearly and concisely in both written and verbal formats. Ability to perform reviews of rulebooks and regulations to identify requirements applicable to the Firm's businesses. Time management and workload prioritisation. Advanced Excel skills.
Desirable Attributes SQL skills. Hands-on experience of industry standard project management methods such as Prince2 or Agile. Hands-on experience in position concentration reporting. Experience in electronic trading compliance, including an understanding of algorithmic trading and the associated compliance control framework (such as MiFID II and RTS 6). Previous experience/familiarity with transaction/trade reporting regulatory regimes including MiFIR, EMIR, Remit, CAT, MAS, etc.
Benefits Onsite gym, sauna, and fitness classes at no charge. Extensive medical benefits including an on-site doctor and therapist at no charge. On-site hairdressing services at no charge. Breakfast and lunch provided daily. Various supports for caregivers, including emergency dependent care. Beautiful Kings Cross office:
Office Tour . 25 days paid holiday per year + statutory holiday and paid sick days. Generous pension contributions.
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