Director, Business Management at Tower Research Capital | NY, US | Rezi

Director, Business Management at Tower Research Capital

Director, Business Management

Tower Research Capital · NY, US

3 weeks ago

Director, Business Management

Tower Research Capital · NY, US

a month ago
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About the Role

Tower Research Capital is a leading quantitative trading firm seeking to empower portfolio managers and trading leaders by identifying opportunities to grow or protect trading P&L. This role involves developing and evaluating initiatives, creating business cases, and serving as a senior thought partner to leadership. You will also develop and maintain senior relationships with financial market participants and represent Tower in industry groups.

Responsibilities

  • Partnering with portfolio managers and trading leaders to understand their strategies, business economics, constraints and priorities, and identify opportunities to grow or protect trading P&L
  • Developing and evaluating initiatives involving new markets, products, venues, trading capabilities, commercial partnerships, financing and clearing arrangements, market data, and infrastructure
  • Creating fact-based business cases using market and trading data, scenario analysis, and commercial judgment, quantifying potential benefits, costs, capital requirements, implementation effort, and risks
  • Serving as a senior thought partner to portfolio managers, trading leadership, and firm management, challenging assumptions constructively to help distinguish attractive opportunities from initiatives that are unlikely to generate sufficient returns, and prioritizing opportunities in the context of engineering capacity, organizational resources, risk, and expected commercial impact
  • Developing and maintaining senior relationships with banks, prime brokers, FCMs, executing brokers, exchanges, trading venues, clearing organizations, and other strategic counterparties
  • Advocating and negotiating on commercial terms, market access, financing and clearing arrangements, product design, venue functionality, and other strategic matters
  • Representing Tower in industry groups and promoting market-structure outcomes that support fair, resilient, and competitive markets
  • Leading complex cross-functional initiatives by coordinating with Legal, Compliance, Finance, Risk, Operations, and other internal teams, by establishing clear ownership, resolving dependencies, escalating decisions, and maintaining accountability for outcomes
  • Improving efficiency of internal processes through better data, automation, decision frameworks particularly where doing so increases speed, scalability, or commercial effectiveness
  • Promoting sound operating standards across the Americas Business Management team

Requirements

  • A bachelor’s or advanced degree from a top university
  • At least 10 years of relevant experience within quantitative trading, proprietary trading, a systematic hedge fund, electronic trading at a bank, a trading venue, or a closely related market-structure business
  • Direct experience working with portfolio managers, traders, quantitative researchers, or electronic-trading businesses
  • A demonstrated record of originating and implementing initiatives that produced measurable revenue, capacity, cost, capital, or risk benefits
  • Strong quantitative and commercial judgment, including the ability to analyze data, structure ambiguous problems, test assumptions, and translate analysis into decisions
  • A practical understanding of how systematic trading businesses make money, including relevant considerations such as liquidity, transaction costs, execution quality, capacity, exchange economics, financing, margin, market access, data, and technology
  • Deep expertise in at least one relevant asset class or market, with the ability and intellectual range to work across several others
  • Experience negotiating with banks, brokers, FCMs, exchanges, trading venues, or other financial-market infrastructure providers
  • Experience leading complex, cross-functional initiatives with multiple senior stakeholders
  • Excellent written and verbal communication skills, including the ability to make concise, well-supported recommendations to portfolio managers and senior management
  • Strong judgment, ownership, and the ability to operate independently while escalating material decisions appropriately
  • Experience engaging with industry associations or market-structure working groups

Skills

  • Quantitative trading
  • Proprietary trading
  • Systematic hedge fund
  • Electronic trading
  • Market structure
  • Data analysis
  • Problem structuring
  • Assumption testing
  • Negotiation
  • Cross-functional initiative leadership
  • Written communication
  • Verbal communication
  • Judgment
  • Ownership
  • Independent operation

Location

  • NYC’s Financial District

Work Type

  • Hybrid working opportunities

Experience Level

  • At least 10 years of relevant experience

Education Level

  • Bachelor’s or advanced degree

Salary/Compensations

  • $200,000 - $250,000 base salary plus discretionary bonus

Benefits

  • Generous paid time off policies
  • Savings plans and other financial wellness tools
  • Hybrid working opportunities
  • Free breakfast, lunch, and snacks daily
  • In-office wellness experiences and reimbursement for select wellness expenses
  • Company-sponsored sports teams and fitness events
  • Volunteer opportunities and charitable giving
  • Social events, happy hours, treats, and celebrations
  • Workshops and continuous learning opportunities

About the Company

  • Tower Research Capital is a leading quantitative trading firm founded in 1998, built on a high-performance platform and independent trading teams with a 25+ year track record of innovation.
  • Tower is home to world-class systematic trading and engineering talent, empowering portfolio managers to build teams and strategies independently.
  • Engineers develop electronic trading infrastructure, solving challenging problems in low-latency programming, FPGA technology, hardware acceleration, and machine learning.
  • Ongoing investment in talent and technology ensures an unmatched platform in functionality, scalability, and performance.
  • Business Support teams are essential to building and maintaining the platform, enabling trading and engineering teams to perform at their best.
  • Employees find a stimulating, results-oriented environment where colleagues inspire each other.
  • Tower's headquarters are in the historic Equitable Building in NYC’s Financial District, with a global impact and over a dozen offices worldwide.
  • The company fosters a culture where smart, driven people thrive without egos, valuing a friendly, collaborative environment where everyone is respected and great ideas win.
  • The company offers a collaborative and welcoming culture, a diverse team, and a workplace that values both performance and enjoyment, with no unnecessary hierarchy or ego.

Equal Opportunity

  • Tower Research Capital is an equal opportunity employer.