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Maven’s Risk Management Department is responsible for monitoring and controlling market and operational risk across the business as well as providing in-depth reporting on each business line and strategy. As a core global team, Risk covers Maven holistically across the Proprietary Trading, Market Making and Systematic Alpha businesses and is continually working to identify and mitigate new risks by remaining open minded, objective and comprehensive. The risk team helps Maven grow by working closely with the business to deliver timely market leading risk monitoring and reporting tools.
Maven’s Systematic Alpha team deploys methodically researched strategies across futures, options and equities, utilising some of the most advanced technology available. Our approach to trading is scientific and process driven, with a strong emphasis on a flexible research environment, providing us efficient means to develop, test, and deploy new ideas. We empower our team members and maximise their ability to succeed by offering an environment that is open, collaborative and supportive.
Our teams of C++ / Python / C# / FPGA developers and Trading System Engineers are responsible for our in-house applications, ranging from the world’s lowest latency execution systems, through web-based user interfaces, to tools that interrogate multi-terabyte data sets.
What makes Maven unique?
Unlike regular market makers, Maven can be considered a multi-asset strategy fund. We deploy three main strategies across our regions.
Options Market Making
Market making involves buying and selling financial products, such that market participants can always trade whenever they want to. This is particularly important when they need to manage risk or try to monetize on opportunities. Offering good prices contributes to price stability as well, which is beneficial to the market.
Our biggest market making operation is in the London Office. We provide prices in the most liquid products worldwide such as, options on the Eurostoxx index and US bonds (interest related products). Soon the Amsterdam Office will deploy market making strategies too and so will our Chicago office!
A large part of Maven is the “prop” division. Here, typically a portfolio manager (PM) runs a strategy that is commonly known as discretionary trading: taking a certain position in the market based on market conditions and trading experience – this requires data-analysis and a good feel for the markets. This type of trading isn’t a natural starting point for a Graduate, although occasionally we are in need of analysts and execution traders. We are running these strategies – which can vary across products and regions – from London, but also New York and the APAC area. In Amsterdam we are running a strategy that is rather discretionary.
Contrary to discretionary trading (or decision-based trading), Maven also deploys more algorithmic strategies (or rule-based) trading. Internally we call it Systematic Alpha.
Oftentimes, financial products are technically correlated (if you are familiar: think about a basket of stocks versus an index tracker). Based on supply and demand, the correlation might temporarily dislocate. Algorithms are quite powerful in executing this type of opportunities. Moreover, it creates stability across different products. London is the centre of this operation, but we also deploy these types of strategies in the APAC region.
Please note, this role will be based in Chicago, however you will be based in Amsterdam during the training period: August 2022 – August 2023.
As a Trader Graduate, you will complete an intensive 12-month training program run by our most talented traders, including theory training, education sessions, mock trading, project work and programming courses. We will teach you the skills to trade with the latest available tools. You will rotate through a number of desks before you find your ideal team, and we aim to give you responsibility for the profit and loss of your book as soon as you are ready.
We are looking for final year applicants from any quantitative background with a competitive nature and a strong understanding of probability and statistics to join our Graduate Trader Program.
Maven is looking for outstanding Year 13 students or recent school leavers to join our Finance team as an Apprentice. Maven’s Finance function is a small, closely-knit team that supports the operations of the Maven group globally.
As a Maven Apprentice, you will complete an intensive training program in accounting and finance. You will rotate through a series of roles with a view to gaining exposure across all elements of finance administration, including bookkeeping, accounts preparation, management accounting and tax. You will build on this foundation as you progress through your apprenticeship program and have exposure to the global business from day one, allowing you to make an impact as soon as you are ready.
Applications now closed
Maven’s People division is responsible for the attraction, development and retention of our greatest asset, our people. That is no small responsibility! We aim to promote a rewarding, inclusive and challenging environment where employees are generously rewarded for their hard efforts.
As an Human Resources intern, you will complete a 6 month training program run by our Human Resources team, including experience in learning and development, payroll, onboarding, data analytics and diversity and inclusion. Throughout the internship you will be exposed to all business areas at Maven whilst having the opportunity to get to know us at our regular social events. At the end of the internship you will be considered for a full time position.
We are looking for final year applicants from any humanities background with a proactive attitude to deliver a ‘Market Leading’ employee experience for all Maven employees. The role is likely to suit someone who is currently completing their CIPD qualification or looking to obtain this qualification in the future.
This statement is made pursuant to section 54 of the Modern Slavery Act 2015 (the “Act”) and constitutes our modern slavery and human trafficking statement (“Statement”) for the financial year commencing 1 July 2020 and ending 30 June 2021. This Statement is made on behalf of the following entities:
collectively, the Maven entities (the “Maven Entities”), which are part of the wider Maven group of companies (the “Group”).
The Group firmly condemns modern slavery and human trafficking and acknowledges the importance of complying with the Act. The Group always operates in accordance with its core values. We are committed to acting with integrity and fairness in all our business dealings and relationships and implement and enforce effective systems to ensure modern slavery is not taking place anywhere in our own businesses or within those of its suppliers. This is supported by the Group’s Whistleblowing Policy. The Whistleblowing Policy outlines the procedure for employees to report suspected wrongdoings anonymously to the Group or directly to the FCA, including modern slavery and human trafficking.
The Group specialises in proprietary trading and market making in the financial sector and therefore, considers the risk of modern slavery and human trafficking within its supply chain to be low. To support the Group’s trading business, the Group licenses market data from stock exchanges and subscribes to financial and IT software. The Group’s suppliers mainly include primarily IT providers, exchanges and clearing institutions, and professional advisors. However, the Group is aware that modern slavery and human trafficking can happen in any sector of activity.
The Maven Entities employ just over 230 employees and as part of the Group’s commitment to prevent unethical behaviour throughout its business, the Maven Entities conduct robust background checks on all employees. However, as employees are highly skilled professionals, the risk of these individuals being at risk of modern slavery or human trafficking is extremely low.
To help manage the risk of slavery and human trafficking in the Group’s business and supply chain, a training course on the issue of modern slavery has been made available to all employees on the Group’s e-learning platform. The purpose of the training is to educate employees on how to recognise signs of modern slavery. We believe that by promoting a bottom-up approach, the Group will help protect itself from any potential risks of modern slavery.
This statement has been approved by the relevant Boards of Directors. The statement will be reviewed annually to reflect the Group’s duties under the Act.
As a Trader intern, you will complete a 9 week training program run by our traders, including mock trading, project work and programming courses. Throughout the internship you will be exposed to both our market making and investment desks whilst having the opportunity to get to know us at our regular social events. At the end of the internship, you will be considered for a place on our 2023 Graduate Trader Program.
We are looking for penultimate year applicants from any quantitative background with a competitive nature and a strong understanding of probability and statistics to join our team for the summer.
Unleash your potential as a software engineer and attain exceptional developer skills. On our Technology Graduate Program, you will learn how to deliver high performance and ultra low latency software engineering solutions using Python and Modern C++. You’ll achieve this through a combination of classroom sessions, real world projects and team rotations to broaden your experience working alongside some of the industry’s best developers.
We are looking for final year applicants from any STEM background with a particular interest in high performance programming to join our Graduate Technology Program.
As a Trader intern, you will complete a training program run by our traders, including mock trading, project work and programming courses. Throughout the internship you will be exposed to our market making desks whilst having the opportunity to get to know us at our regular social events. At the end of the internship, you will be considered for a place on our 2023 Graduate Trader Program.
Our Operations team is at the very centre of trading and technology, managing the primary control framework supporting all the forward looking elements of the business. You’ll benefit from one of the broadest educations that we offer. You’ll be responding quickly to the changing elements of the business and the external environment. Taking the driving seat for selecting and developing processes and technology, you will meet the ever-changing needs of traders, strategies and ideas.
We are looking for candidates who know how to think on their feet, can analyse complex situations and prioritize under pressure. Practical experience with SQL or Python is required.
Applications now closed.
Applications for our Security Operations Program will open in 2022.
Maven deploys Market Making strategies on listed Options and Futures on multiple exchanges across Europe, America and Asia. We are consistently ranked within the top three liquidity providers on the exchanges and markets in which we are mature.
Our Portfolio Managers execute a global range of diversified strategies, seeking substantial returns on the invested capital. Our ambition is to maintain our position as a market leading multi-strategy trading desk.
Our approach to trading is scientific and technology driven. Tight integration between trading and software development and relying on cutting edge infrastructure is core to our success. Our teams of C++ / C# / FPGA developers and Trading System Engineers are responsible for our in-house applications, ranging from the world’s lowest latency execution systems, through web-based user interfaces, to tools that interrogate multi-terabyte data sets.
To effectively support a rapidly expanding business across multiple sites and jurisdictions, our Business Operations teams provide industry leading advice and support enabling the business to nimbly scale and capture new opportunities. Business Operations covers Tax, Finance, Operations, Risk, Compliance, Business Development and HR.
Tom, Operations Analyst
7.30am When in the office, I’d usually try and grab something to eat from the kitchen and have a coffee before starting at my desk. The selection at home isn’t as good but the coffee is still a prerequisite.
7:45am I usually log on before 7.50am in order to answer any urgent trader queries prior to the market open and perform checks that prevent any impact on trading PnL or positions. A key part of our role is to ensure any errors or issues from the prior day are resolved or explained as soon as possible. These issues can involve errors on the broker’s part, technological/system issues or amendments to prior day trades.
We can also receive manual trade bookings that need to be booked before the open. The majority of our communication with the portfolio managers and traders is conducted over online chat but when we are in the office, it’s sometimes easier to speak directly. I enjoy working with the Front Office closely.
In busy periods it can be very fulfilling prioritising issues and helping different desks at the same time. It’s satisfying to solve problems under what can be a high degree of pressure. We receive a variety of queries that can be very time sensitive. We speak to our team in Hong Kong and discuss any issues that may need to be handed over.
10am Another coffee. Issues that have arisen earlier in the day may carry on until mid-morning, but if not, there’s usually a lull in urgent tasks where I can take time to go through the group inbox and identify any important issues. Due to the variety of different trading strategies Maven employs, as a team, we have exposure to a wide array of asset classes and products. There are always opportunities to encounter new processes and learn about new markets & products. We get to see the life cycle of a trade from start to finish.
11am A big positive of working in Security Operations is the chance to work and interact with lots of other teams in the company. We receive ad-hoc queries from the Finance, Business Development, IT Development, Legal and Risk teams. Requests here can be related to system improvements, PnL issues, margin and money movements or account set ups.
11.30am We have a team catch up on Zoom. Any serious issues will be escalated and we’ll share the happenings of the morning, then give an outlook on what we have planned for the rest of the day. In the office the catch up is usually less formal and we’ll speak to each other as we work – the daily Zoom catch up has been a useful substitution.
12pm I’ll have lunch and go out for some fresh air, I’m lucky that there’s a nice park near my flat, when in the office I’ll often go out for a walk in the City. Both Maven offices are in good locations.
1pm More responding to ad-hoc queries. We also have several reports to send to the wider company which need to be as accurate as possible. I’ll try and make a start on any on-going projects I have, again, we have a wide variety of work here.
2pm The US team start their day and we respond to any queries they may have prior to the US open. The European open, US open and European close are probably are busiest parts of the day. The US side of the business has been rapidly expanding and it’s rewarding to help with day-to-day issues.
3pm Resume project work – there can be a mixture of long lasting projects or tasks which take a few days to finish. These can include developmental work or new joiner related tasks. As Maven is constantly exploring opportunities in new areas, this is another learning point. I’ve learned SQL since I’ve worked at Maven and this is incorporated in most projects and has helped in my role. I’m hoping to start learning Python soon.
4pm We’ll start to receive requests related to the day’s trading as we head into the European close. Traders will want to make sure that their daily wrap PnL is correct and there is nothing outstanding that could cause problems in the future. We have a variety of daily processes that we need to check, so our brokers and prime brokers receive correct trade related information.
5.30pm I’ll have another check of the communication channels and handover anything important to Hong Kong for them to pick up in a few hours. Commute from desk to sofa.
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Ethan Elstein 2019 graduate, Cambridge University
6:45 AM I start my day with some orange juice, log on to the office machines from home and begin setting up our fixed income options book for trading as the electronic market opens at 7am.
7:15 AM Our office in Hong Kong finish their trading session and hand over the global trading book to us for the European and US hours. I really enjoy being able to trade collaboratively with other traders from across the globe. I also finish setting up the rest of the products by ensuring all our tools and systems are working properly.
7:40 AM The morning Zoom meeting with all traders starts and I provide a small summary of general market news and upcoming economic figures before the heads of each desk give a more detailed view of their markets. This meeting has been a new development since we started working from home and helps keep everyone in touch and informed.
8:00 AM European indices open and there is a flurry of trading. This is usually the busiest part of the day with lots of opportunities available so I pay extra attention to our trades and quoted prices.
9:00 AM Trading normally quietens down at this point so I grab some breakfast whilst my colleague watches over the trades. This is also a good time for me to work on any coding projects I have. However, I am always prepared for the market to pick up again and communicate with my colleagues via Zoom whenever I feel we need to make changes to our setup.
12:30 PM I take a short break for lunch and to stretch my legs. In the office we would normally order food so working from home has forced me to improve my cooking skills.
2:30 PM The US market opens which starts another busy period of trading. There’s some excitement as the market rallies on the back of some promising economic data and we take advantage of this to execute some good trades.
3:15 PM There is less trading now and I take this opportunity for a brief break to get some fruit and refocus before the last hour. I also do some stretching which helps me stay relaxed and focused.
4:30 PM We actively flatten our position to ensure we are better hedged against any overnight news as the European market closes. I send a summary of the day to the other traders and discuss with my team what changes we can make to our setup to improve our performance.
6:00 PM I finish work on some of my projects and hand over the global trading book back to our Hong Kong office. It’s been a busy and productive day and I am ready to log off and meet a few friends or family outdoors.
Scope of privacy notice
This Recruitment Privacy Notice explains the type of information we process, why we are processing it and how that processing may affect you.
Transfers of personal data outside the EEA
We may transfer your personal data outside the EEA to members of our group. Where necessary these transfers are covered by the intra-group transfer agreement and model clauses.
What do we mean by “personal data” and “processing”?
“Personal data” is information relating to you (or from which you may be identified) which is processed by automatic means or which is (or is intended to be) part of a structured manual filing system. It includes not only facts about you, but also intentions and opinions about you.
“Processing” means doing anything with the data. For example, it includes collecting it, holding it, disclosing it and deleting it.
Personal data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, health, sexual orientation, sex life, trade union membership and genetic and biometric data are subject to special protection and considered by EU privacy law to be “sensitive personal data”.
Your personal data
We process your data for the purposes of fulfilling our recruitment practices. Some of the personal data that we process about you comes from you. For example, you tell us your contact details. Other personal data about you is generated from references and third party companies such as recruitment agencies. Your personal data will be seen internally by managers, administrators and HR.
How long do we keep your personal data?
If you are successful in your application your data will be kept on your personnel file. If you are unsuccessful, your data will normally be destroyed twenty-four months after you have been informed that you were unsuccessful. Irrelevant data such as CCTV images may be deleted after a short period in line with our building management’s policy (where applicable).
We may transfer your personal data outside the EEA to members of our group and other processors who provide us services in connection with the recruitment process. Usually, such data is processed within the EEA but also involves service providers in the USA and members of the Maven group that are situated in Hong Kong.
In processing your personal data, we act as a data controller. Our contact details are as follows:
What are the grounds for processing?
Under data protection law, there are various grounds on which we can rely when processing your personal data. In some contexts more than one ground applies. We have summarised certain grounds as Legal obligation and Legitimate Interests and outline what those terms mean below.
Ground for processing – Processing necessary for performance of a contract with you or to take steps at your request to enter a contract
Explanation – This covers carrying out our contractual duties and exercising our contractual rights.
Ground for processing – Processing necessary to comply with our legal obligations Explanation – Ensuring we perform our legal and regulatory obligations. For example, providing a safe place of work and avoiding unlawful discrimination and ensuring that work permits for non-EU candidates comply with local UK legislation.
Ground for processing – Processing necessary for our or a third party’s legitimate interests
Explanation – We or a third party have legitimate interests in carrying on, managing and administering our respective businesses effectively and properly and in connection with those interests processing your data. Your data will not be processed on this basis if our or a third party’s interests are overridden by your own interests, rights and freedoms.
Processing sensitive personal data
If we process sensitive personal data about you, as well as ensuring that one of the grounds for processing mentioned above applies, we will make sure that one or more of the grounds for processing sensitive personal data applies (see below), including that the processing is for equality and diversity purposes to the extent permitted by law.
In outline, these include:
Further information on the data we process and our purposes
Examples of the data and the grounds on which we process data are in the table below. The examples in the table cannot, of course, be exhaustive.
Examples of personal data that may be processed – Information concerning your application and our assessment of it, your references, any checks we may make to verify information provided or background checks and any information connected with your right to work in the UK. If relevant, we may also process information concerning your health, any disability and in connection with any adjustments to working arrangement. We will also process, CVs, sound recordings (work phone lines are recorded), References, details of your work history, NI/social security numbers etc.
Grounds for processing – Contract, Legal obligation, Legitimate interests
Examples of personal data that may be processed – Your address and phone number, emergency contact information and information on your next of kin
Grounds for processing – Contract, Legitimate interests
Examples of personal data that may be processed – CCTV images, building access control data
Grounds for processing – Legitimate interests
Examples of personal data that may be processed – Information on your nationality, racial and ethnic origin, gender, sexual orientation, religion, disability and age
Grounds for processing – Legal obligation, Legitimate interests
Who gets to see your data?
Your personal data may be disclosed to managers, HR, third party screening and recruitment platforms and administrators for employment, administrative and management purposes as mentioned in this document. We may also disclose this to other members of our group.
Access to your personal data and other rights
We try to be as open as we reasonably can about personal data that we process. If you would like specific information, just ask us.
You also have a legal right to make a “subject access request”. If you exercise this right and we hold personal data about you, we are required to provide you with information, including a description of the personal data, and an explanation of why we are processing it.
If you make a subject access request and there is any question about who you are, we may require you to provide information from which we can satisfy ourselves as to your identity.
As well as your subject access right, you may have a legal right to have your personal data rectified or erased, to object to its processing or to have its processing restricted.
We generally do not require consent, but in the case where we have specifically requested it as a ground for processing, you may withdraw consent at any time – though if you do so that will not affect the lawfulness of what we have done before you withdraw consent.
If you have complaints relating to our processing of your personal data, you should raise these with HR in the first instance. You may also raise complaints with the Information Commissioner who is the statutory regulator. For contact and other details ask HR or see: https://ico.org.uk/ICO.
This notice does not form part of any contractual relationship between the Company and a job applicant. This notice can be changed at any time.
Maven deploys Market Making strategies on listed Options and Futures on multiple exchanges across Europe, America and Asia. We are consistently ranked within the top three liquidity providers on the exchanges and markets in which we are mature. We are expanding to new markets and exchanges, growing our presence and the liquidity that we can offer to the market.
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