Senior Compliance Officer - Singapore

The Firm

XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 50,000 financial instruments across equities, fixed income, currencies, commodities and digital assets. It uses those forecasts to trade on exchanges and alternative trading venues, and to offer differentiated liquidity directly to clients worldwide. The firm trades over $250bn a day across 35 countries and has over 250 employees based in London, Singapore, New York, Paris, Bristol, Mumbai, Yerevan and Kajaani.

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.

XTX Markets has an unrivalled level of computational resources in the trading industry, with a growing research cluster currently containing over 25,000 GPUs with 650 petabytes of usable storage. Teams across the firm include world-class researchers with backgrounds in pure math, programming, physics, computer science and machine learning. The firm is also constructing a large-scale data centre in Finland to future-proof its significant computational capabilities.

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

XTX is seeking an experienced individual for the role of Compliance Officer in Singapore.  This appointment is a key role within XTX’s Global Compliance Team and will report directly to XTX’s APAC CEO and XTX’s Global Chief Compliance Officer.

The role will primarily advise on regulatory and compliance matters covering XTX’s APAC trading businesses.  The Compliance Officer will be responsible for administering the core compliance functions in the Singapore office including compliance and employee conduct controls, regulatory advisory, AML and sanctions, with support from the global Compliance team.  

This includes multi-jurisdictional APAC financial services regulation focus, with particular emphasis on equities, ETFs, Futures, Fixed Income, and Options, and including APAC financial services regulation as well as evolving global initiatives including power trading and digital assets.    

Experience with some of the following topics would be useful:

• Electronic trading
• Trading algo control environment
• Trade Surveillance/Market Abuse
• Transaction reporting and transparency requirements
• Order marking requirements (ban on naked shorts, reporting); Short Sale Exemptions
• Engagement with exchanges, banks, brokers
• Concentration reporting
• Working with large data sets and translating regulatory requirements into clear instructions for Software Developers and Operations Analysts.
  
  

As well as providing advice and recommendations to senior management in terms of financial services regulatory requirements, the Compliance Officer will be involved in developing and drafting policies, internal briefings and Management Information (MI). This will often involve working with and advising XTX’s businesses from a regulatory/compliance perspective and participating in the documentation of XTX’s controls framework. 

XTX is a rapidly expanding business operating at the cutting edge of financial services, the Compliance Officer will be expected to monitor the regulatory horizon for topics which could potentially impact XTX. The Compliance Officer will work closely with Business Development onboarding new venues and brokers in the APAC region and execute relevant Compliance checks and analysis prior to approval by Global Chief Compliance Officer. The role may also involve participating in XTX’s engagement with internal and external counsel, regulators or governments in respect of regulatory proposals or rulemakings.

The Compliance Officer will be an active contributing member of the Global Compliance Team including working with team members to administer the Compliance Monitoring and Employee Compliance Programs, supporting the CCO in administering: regulatory and exchange notifications and communications, documenting Compliance departmental processes, participating in analysis and investigations of emerging issues that may arise from XTX’s day to day operations, mentoring junior members of the global team in the development of their skills related to regulation, writing, communications, etc.  Strong communication between other key control teams within XTX including Legal, Risk, HR, and Operations is essential. 

Essential Attributes

• Regulatory compliance professional with 8-12+ years financial services experience.
• Deep knowledge of financial services regulation; able to advise senior leadership on a range of regulatory topics.
• Proprietary trading, quant firm, bank, brokerage, or large asset management regulatory experience.  You will have experience working with regulators, exchanges and brokers.
• Prior experience advising on electronic trading and associated compliance control framework.
• Experience with Singapore AML and global sanctions regimes.
• Strong understanding of key trading and reporting concepts, including locates, order marking, MAS transaction reporting and concentration reporting.
• Experience interacting with senior management and business units of organisations.
• Excellent communication and writing skills. The candidate will be regularly updating the management and other stakeholders in XTX’s trading business and representing XTX Compliance to other business units within the group.
• A commercial and pragmatic approach.
• Ability to synthesise data, maintain detailed records and provide management reports.
• Organized and detail oriented and motivated individual who thrives in a challenging environment while meeting goals and delivering results.