Job Description: Execution Trader

Position Summary

We are seeking an experienced Execution Trader to monitor and manage client order flow in a predominantly low-touch DMA environment. The ideal candidate will have strong technical aptitude, deep understanding of electronic trading systems, the ability to provide high-touch execution when required and contribute to the design and development of our proprietary OMS system. This role also involves supporting client onboarding and working closely with the Operations team.

Key Responsibilities

Primary Duties (Low-Touch DMA Monitoring)

– Real-time Order Monitoring: Continuously monitor client orders transmitted via FIX protocol through Order Management Systems (OMS)

– System Surveillance: Oversee DMA execution quality, ensuring orders route correctly to HOSE, HNX, and UPCOM

– Exception Handling: Identify and resolve order rejections, fills discrepancies, and routing issues

– Pre-trade Risk Management: Monitor pre-trade risk checks, credit limits, and regulatory compliance filters

– Market Connectivity: Ensure stable connectivity to Vietnamese exchanges and trading venues

– Performance Analytics: Track execution quality metrics including fill rates, slippage, and market impact

Secondary Duties (High-Touch Execution)

– Execute complex or large orders requiring manual intervention and trading expertise

– Provide algorithmic strategy recommendations for client orders when appropriate

– Handle special situations including block trades, put-through orders, illiquid securities, and market-on-close orders

OMS System Development & Design

– Requirements Gathering: Work with clients and internal teams to identify trading workflow needs and pain points

– Feature Design: Contribute to the design of OMS capabilities, tools, and functionalities based on trader perspective

– User Experience Input: Provide practical trading desk insights for UI/UX improvements

– Testing & Validation: Test new OMS features, order types, and routing logic before production release

– Feedback Loop: Continuously provide feedback to development team on system performance and enhancement opportunities

– Documentation: Help create user guides and system documentation for clients and internal teams

– Competitive Analysis: Research competitor OMS platforms and recommend feature improvements

Technical & Operational

– System Monitoring: Proactively identify system issues, latency problems, or connectivity failures

– FIX Protocol Management: Troubleshoot FIX connectivity issues and coordinate with clients' technical teams

– Incident Response: Quickly escalate and resolve technical or operational issues

– Trade Reconciliation: Ensure accurate trade capture, allocation, and confirmation processes with VSD (Vietnam Securities Depository)

– Documentation: Maintain detailed logs of system issues, manual interventions, and client communications

Client Onboarding & Account Management

– Account Opening Support: Collaborate with Operations team to facilitate client account opening process

– Technical Onboarding: Assist clients with OMS/FIX connectivity setup and testing

– Client Training: Educate clients on platform capabilities, order types, and best practices

– Requirements Assessment: Understand client trading needs and configure system settings accordingly

– KYC/AML Support: Work with Operations to ensure proper documentation and compliance during onboarding

– Relationship Management: Serve as technical point of contact during onboarding phase

Client Service

– Communicate proactively with clients regarding order status, market conditions, and execution issues

– Provide post-trade analysis and execution reports

– Respond to client inquiries regarding order routing, execution quality, and system functionality

– Gather client feedback on system performance and feature requests

Compliance & Risk

– Ensure adherence to SSC (State Securities Commission) regulations and Vietnamese securities laws

– Monitor for erroneous orders and potential market manipulation

– Maintain audit trails for all trading activity Support internal and external audits

– Ensure compliance with foreign ownership limits (FOL) and trading regulations

Required Skills & Qualifications

Licensing & Regulatory

– Chứng chỉ hành nghề chứng khoán (Securities Practicing Certificate) – specifically Chứng chỉ môi giới chứng khoán (Securities Brokerage Certificate)

– Understanding of Vietnamese securities regulations and SSC requirements

– Knowledge of VSD settlement procedures and T+2 settlement cycle

Technical Skills

– FIX Protocol: Strong understanding of FIX messaging and common FIX-related issues

– Trading Systems: Experience with OMS/EMS platforms (e.g., Bloomberg EMSX, Charles River, Eze, FlexTrade, Fidessa, or local Vietnamese platforms)

– Market Structure: Deep knowledge of Vietnamese equity market structure, order types, and trading mechanisms (ATO, ATC, LO, MP, MOK, MAK, MTL, PLO)

– DMA Execution: Proven experience with low-touch DMA workflows and electronic trading

– System Design: Ability to translate trading requirements into technical specifications for development teams

– Product Development: Experience working with technology teams to build or enhance trading systems

Trading Skills

– Strong understanding of Vietnamese stock market dynamics and liquidity characteristics

– Experience trading Vietnamese equities, ETFs, covered warrants (as applicable)

– Knowledge of price ceiling/floor mechanisms and trading halt procedures

– Understanding of market making and liquidity provision in Vietnamese markets

Analytical Skills

– Proficiency in Excel and data analysis tools

– Ability to analyze TCA (Transaction Cost Analysis) reports

– Understanding of execution benchmarks and performance metrics

– Basic SQL skills to query trade databases and generate reports

Operational Skills

– Account Opening Process: Familiarity with Vietnamese securities account opening procedures

– Documentation Management: Understanding of required KYC documents, trading codes, and sub-account structures

– Cross-functional Collaboration: Ability to work effectively with Operations, Compliance, and Technology teams

– Process Improvement: Identify inefficiencies in onboarding and operational workflows

Soft Skills

– Excellent attention to detail and ability to multitask in fast-paced environment

– Strong communication skills in Vietnamese and English for client and internal team interaction

– Calm under pressure with strong problem-solving abilities

– Proactive mindset with ability to anticipate issues

– Customer service orientation for client onboarding and support

Qualifications

– Bachelor's degree in Finance, Economics, Computer Science, or related field

– Chứng chỉ môi giới chứng khoán (Securities Brokerage Certificate) – Required

– Minimum 3 years of experience in electronic trading, execution services, or trading operations in Vietnamese securities market

– Experience in broker-dealer or institutional trading environment preferred

– Prior involvement in trading system implementation or enhancement is a strong plus