Trader - Multi-asset execution & data analysis

Railpen Limited; Greater London; On-site; GBP 70,000 - 120,000; Full time

Benefits offered by this job

Annual bonus

Railways Pension

Private Medical Insurance

Life Assurance

Hybrid working

Cycle to work

Job summary

Railpen is recruiting a Trader for the Multi-Asset Execution & Data Analysis desk in London. Hybrid working arrangement and a permanent position. The role focuses on executing trades across equities, ETFs, fixed income, derivatives and FX, while applying data analytics and technology to improve outcomes for clients.

The successful candidate will have programming experience and strong analytical skills. You will collaborate with investment and non-investment teams and contribute to project

Qualifications

• 3–7 years’ trading experience on a buy-side or sell-side desk.
• Experience trading equities using algorithms.
• Programming in Python/SQL/VBA and analysing large datasets.

Responsibilities

• Execute all trades to achieve best execution.
• Use TCA, data analytics and market structure knowledge to improve outcomes.
• Develop and deploy algorithmic strategies to reduce trading costs.
• Prepare and present internal trade data, analytics and reports.
• Maintain relationships to improve liquidity access and execution quality.
• Collaborate with internal teams to enhance client outcomes.

Skills

Trading experience

Equities trading with algorithms

Programming (Python/SQL/VBA)

Technology and data analytics

Continuous learning

Attention to detail

IMC or equivalent

Education

Degree + IMC

Tools

Python

SQL

VBA

Job description

Trader – Multi-Asset Execution & Data Analysis

An exciting opportunity has arisen to join our Investment team as a Trader, based in London (hybrid working) on a permanent basis.

Who we are

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds. Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into. Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members. To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.

The role Railpen’s Trading Desk is responsible for the execution of the firm’s Public Markets cross -asset trading activity (Equities, ETFs, Fixed Income, Derivatives & FX). The Trading Desk works closely with various investment and non-investment teams across the business to sustain and enhance our execution capabilities with a focus on achieving best execution for our client. A unique aspect of a Trader role at Railpen is that while execution is the primary focus of the desk, a significant portion of the teams’ time is dedicated to trade analysis, research projects and investigating/deploying new technologies that can be used to enhance the outcome for the client.

Key Responsibilities

• Execute all trades in accordance with Railpen’s Order Execution Policy to achieve the best possible outcome for our client.
• Utilise Transaction Cost Analytics (TCA), data analytics and market structure knowledge to improve and enhance trade execution processes and outcomes.
• Where appropriate develop and deploy new algorithmic strategies and/or new technologies to reduce implicit and explicit trading costs and to minimise operational risk.
• Assist in the preparation and presentation of internal trade data, analytics and reports.
• Maintain and develop counterparty relationships to improve liquidity access and execution quality while enhancing Railpen’s reputation within the market.
• Proactively engage and collaborate with the relevant internal Railpen teams to enhance the execution outcome for our client.

This role is classified as a ‘Certified Person’ under the Senior Managers and Certification Regime (SMCR) and will therefore be subject to the additional requirements prescribed by the FCA. The person We are looking for an analytically minded trader with experience in electronic equity trading and a desire to develop within a multi-asset trading desk environment. Beyond execution expertise, we are seeking someone with a genuine curiosity for markets and data, someone who enjoys spending time digging into the detail to identify issues and areas for improvement. The successful candidate will possess an inquisitive mindset, a commitment to continuous learning, and a strong interest in coding, data analytics, macroeconomics and market structure. Effective communication skills and strong attention to detail are essential.

Essential Knowledge, Skills and Experience

• 3-7 years' trading experience on a buy-side or sell-side trading desk.
• Experience trading equities using algorithms.
• Proficiency in at least one programming language (e.g. Python, SQL or VBA), ability to analyse large datasets and use APIs.
• Demonstrated interest in technology, data analytics and process improvement.
• Self-motivated with a commitment to continuous learning and professional development.
• Strong analytical, communication and problem-solving skills with excellent attention to detail.
• Degree educated and IMC qualified (or equivalent)

Desirable Knowledge, Skills and Experience

• Exposure to additional asset classes including Rates, FX, Derivatives (Futures, Commodities, Options), ETFs, Credit.
• Ability to engage effectively with portfolio managers across equity and macro strategies.

What we can offer you

• A competitive salary (depending on experience)
• 28 days annual leave plus bank holidays
• Generous annual bonus plan
• We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
• 4x Life Assurance cover
• Colleague referral scheme
• Heath & Wellbeing
• Private Medical Insurance
• Employee assistance programme
• Heath cash plan
• Eye care vouchers
• Flu vaccination
• Lifestyle
• We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
• Buy and sell holidays
• Give as you earn scheme
• Paid volunteering days
• Flexible half days leave
• Electric vehicle leasing
• Cycle to work scheme

Next Steps

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life. At Railpen we know that it’s the talent of our people that makes us good at what we do and enables us to continue to achieve our mission to pay members’ pensions securely, affordably and sustainably. The unique nature of Railpen offers our people a wide variety of interesting opportunities for innovation, thought leadership and personal development. We encourage people to challenge, explore unconventional ideas and give each other the space to learn from our mistakes. We take time to listen to each other’s ideas and understand what we each do, and what we need from each other to help us be at our best. Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.