Trading Manager

BNY; Greater London; On-site; GBP 120,000 - 150,000; Full time

Job summary

BNY is seeking a Trading Manager to join its Buy-Side Trading Solutions Team in London. You will lead a multi-asset dealing function, optimize order execution, and drive practical, technology-enabled trading strategies for buy-side clients.

You will collaborate with investment teams, risk, and engineering to advance execution quality, oversee team performance, and deliver comprehensive client reporting and governance reviews.

Qualifications

• Deep practical experience with Institutional Trading, TCA, Commission Management and Regulation.
• Demonstrable experience of reporting across asset classes, globally.
• Extensive experience in a reporting or analytical function.
• Expertise with large data sets and strong problem-solving skills.
• Experience across equities, fixed income, FX and derivatives markets.

Responsibilities

• Manage all aspects of executing complex order flow in support of buy-side clients.
• Ensure client orders are executed efficiently, timely, cost-effectively and per trade instructions.
• Collaborate with investment, trade support, quantitative research and engineering teams to evolve trading practices.
• Maintain and develop relationships with clients, vendors and counterparties to improve processes.
• Grow and maintain relationships with broker-dealers.
• Review, update, consolidate and distribute activity reports and dashboards to stakeholders.
• Leverage benchmarking data to improve brokerage practices and insights, identifying new sources.
• Meet client stakeholders, present to governance committees, and attend due diligence meetings.

Skills

Institutional Trading

TCA

Commission Management

Regulation

Data analysis

Stakeholder communication

Job description

Job Description

We're seeking a future team member for the role of Trading Manager to join our Buy-Side Trading Solutions Team. This role is located in London.

In this role, you’ll make an impact in the following ways:

• Manage all aspects of executing complex order flow, in support of BNY's buy-side clients and in accordance with our best execution procedures.
• Ensure client orders are executed in an efficient, timely, cost-effective manner, and in line with trade instructions. Work closely with peers in middle office and with counterparties to ensure efficient and accurate booking of trades.
• Collaborate with the investment team, trade support, quantitative research and engineering teams to evolve trading practices and ensure efficient implementation of investment decisions.
• Maintain and develop constructive relationships with clients, vendors and counterparties in a bid to constantly improve our processes.

Dealing Responsibilities

• As a senior member of the dealing team, perform dealing activities in support of a multi-asset book of business.
• Responsible for ensuring that investment objectives and constraints are considered when devising execution strategy.
• Monitor quality of execution in real time and manage risk of execution through trade completion.
• Grow and maintain relationships with broker-dealers.
• Continuously review, update, consolidate and distribute activity reports and dashboards to various stakeholders.
• Leverage existing relationships with consultants / benchmark vendors to increase the breadth and depth of relevant benchmarking data regarding brokerage practices, commission usage and order handling practices, while identifying and developing new sources of relevant data and insight.
• Regularly meet client stakeholders, present to client governance committees, and attend due diligence meetings

Management Responsibilities

• Manage a team of trading professionals who support a range of client stakeholders, such as Portfolio Managers, Client Service and Compliance.
• Originate inventive trading solutions, rooted in technology and quant research.
• Develop detailed business requirements and work closely with Project Management and Technology teams to map the requirements to technical specifications and drive the implementation.
• Facilitate the analysis of client and business needs and manage related documentation. Guide the team's production of management reporting and analyses.
• Establish and document operating procedures in support of daily trading activities.
• Explain trading and technical concepts and analyses to non-trading, non-technical audiences. Deliver reports and presentations to senior leaders.
• Be a leader in market structure globally and across all asset classes.
• Recruit, direct, motivate and develop staff, maximizing their individual contribution, professional growth, and ability to function effectively with colleagues as a team.
• Produce and distribute quarterly client reports, and quarterly and annual board reports on commission activity, research consumption, counterparty use, broker/dealer performance and related trends.
• Ensure compliance with appropriate regulatory regimes regarding client commission usage across all relevant global markets.
• Implement, oversee, and report on client-directed commission requests, while ensuring compliance with strategy-based target percentage guidelines.

To be successful in this role, we’re seeking the following:

• Technical:
  • Deep practical experience with Institutional Trading, TCA, Commission Management and Regulation.
  • Demonstrable experience of successfully reporting across asset classes, globally.
  • Extensive relevant professional experience in a reporting or analytical function.
  • Expertise in dealing with large data sets and strong problem-solving skills is essential.
  • Experience in dealing across equities, fixed income, foreign exchange, and derivatives markets.
• Leadership:
  • A proven strategic thinker, able to translate and disseminate business strategy into the dealing function, creating a clear and aligned dealing-specific strategy.
  • Demonstrable experience of successful team management, including:
    • Creating and sustaining a high performing team.
    • Positive outcomes of collaborative engagement in career development activities, succession planning, performance management etc.
• Strong adaptable communication style:
  • Proven ability to effectively communicate with stakeholders and team members across all levels of the business.
  • Experienced presenter with the ability to effectively deliver findings and technical information to a wide range of audiences.
• Solution oriented, ability to anticipate issues, proactively course correct and successfully and constructively avoid / solve problems with tenacity and positivity.

About Us

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what is all about. Join us and be part of something extraordinary.

About The Team

At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom & BNY LinkedIn

Here’s a Few Of Our Recent Awards

• America's Most Innovative Companies, Fortune, 2025
• World's Most Admired Companies, Fortune 2025
• "Most Just Companies", Just Capital and CNBC, 2025

Our Benefits And Rewards

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.