Trader - Multi-asset execution & data analysis

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.

• 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.

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.

• 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)

• 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.

• 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

• Private Medical Insurance
• Employee assistance programme
• Heath cash plan
• Eye care vouchers

• Flu vaccination

• 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

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.

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.