Director, Business Management

The role

The Director, Business Management will partner with portfolio managers and trading leaders to identify opportunities to grow or protect trading P&L. This role involves developing business cases, negotiating commercial terms with counterparties, and leading complex cross-functional initiatives.

What you will do

• Partner with portfolio managers and trading leaders to understand strategies and identify P&L opportunities
• Develop and evaluate initiatives involving markets, products, venues, and infrastructure
• Create fact-based business cases using market and trading data
• Serve as a senior thought partner to portfolio managers and firm management
• Develop and maintain senior relationships with banks, brokers, and exchanges
• Advocate and negotiate on commercial terms and market access
• Represent Tower in industry groups
• Lead complex cross-functional initiatives with Legal, Compliance, Finance, Risk, and Operations
• Improve efficiency of internal processes through data and automation
• Promote sound operating standards across the Americas Business Management team

Required qualifications

• 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
• 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
• A practical understanding of how systematic trading businesses make money
• Deep expertise in at least one relevant asset class or market
• 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
• Strong judgment, ownership, and the ability to operate independently
• Experience engaging with industry associations or market-structure working groups

Benefits

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• 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 throughout the year
• Workshops and continuous learning opportunities

About the company

Tower Research Capital is a leading quantitative trading firm founded in 1998. The firm has a 25+ year track record of innovation and a reputation for discovering unique market opportunities.