Mayank Vaducha

Mayank Vaducha Email and Phone Number

Director of Product - Algo Trading, Risks and Controls, AI and ML - Energy Trading Oil, Power, Gas @ Dare
London, GB
Mayank Vaducha's Location
London, England, United Kingdom, United Kingdom
Mayank Vaducha's Contact Details

Mayank Vaducha work email

Mayank Vaducha personal email

About Mayank Vaducha

• Director of Product with 18+ years of front office product, project management & business analysis experience in Electronic Trading Commodities, eFX, Equities, Credit, Rates at Prop Funds & Investment Banks including JP Morgan, Citi, Macquarie• Electronic Trading: Algo Trading, Machine Learning, Risk & Controls, Trading Systems, Regulatory Compliance demonstrated by launching Custom Algo Strategies & Vendor Algos, Custom ML Models, Energy Trading & Risk Management Systems (ETRM), Order & Execution Management Systems (OMS, EMS), Operational Risk & Controls, Conformance of MIFID II, EMIR • Product: Ownership of Product Portfolios (Product Vision, Strategy & Roadmaps aligned to OKRs), Agile Product Management & Ownership of Product Lifecycle (Requirements, Testing, Support), Collaborative Partnerships Internally (Trading, Engineering, Operations, Finance, Compliance, Legal) & Externally (Brokers, Exchanges, Trading Platform ISVs)• Leadership: Line Management, Coaching & Mentoring, Senior Stakeholder Management - Desk Heads, Senior Leadership Team including C-Suite• Technical: Python, C++, SQL, FIX, JIRA, Confluence | Vendor: Trading Technologies (F&O Algo, FIX, API), ION (Fidessa, XTP, FI Rates, Credit, EMS & FX), Bloomberg (RFQ, EMSX), FlexTrade (EMS, OMS, FlexAlgoWheel)EXPERIENCE SUMMARY• Asset Classes Commodities, Cash Equities, Equity Derivatives, FX / eFX, Fixed Income Rates / eRates, Credit / eCredit• Electronic Trading eTrading, Algo Trading / Algorithmic Trading, Systematic Trading, Direct Market Access (DMA), Sponsored Access, Derivatives Trading• Algo Trading VWAP, TWAP, POV, Autospreader, Iceberg, Stop / Stop Loss, Synthetic Order Types, Custom Algos, Spread Roller• Trading Strategies Program Trading, Portfolio Trading, Order Management, High Touch Trading, Basket Trading, Single stock portfolio trading• Artificial Intelligence AI/ML, Machine Learning• Risk & Controls Operational Risk & Controls Framework• Trading & Risk Management Systems ETRM / CTRM, OMS, EMS• Vendor Platforms Fidessa (GOMS, BEAM, ETP, F&O), Bloomberg (RFQ, EMSX), Reuters, SunGard (Clearvision, GMI), ION, smartTrade, FlexTrade• Regulatory Compliance MIFID II (Market Structure, Algorithmic Trading, Best Execution, Record Keeping), EMIR REFIT, MAR (Market Abuse Regulation)Contact: mayank.vaducha@gmail.com / 07843009567

Mayank Vaducha's Current Company Details
Dare

Dare

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Director of Product - Algo Trading, Risks and Controls, AI and ML - Energy Trading Oil, Power, Gas
London, GB
Website:
v-cmt.com
Employees:
230
Mayank Vaducha Work Experience Details
  • Dare
    Director Of Product - Algo Trading, Risks And Controls, Ai And Ml - Energy Trading Oil, Power, Gas
    Dare
    London, Gb
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  • Dare
    Director Of Product - Algo Trading, Risks & Controls, Ai/Ml - Energy Trading Oil, Power, Gas
    Dare Feb 2022 - Present
    London, Gb
    • Algo Trading- Central Risk Book: Contributed to PnL via execution, margin & clearing costs of executing Futures to hedge against flat price exposure by delivering an internal crossing engine factoring PnL strategy, risk limits, margin & anti-gaming safeguards- Custom Autospreader: Capitalised arbitrage opportunities within the UK Power Market by launching a custom Autospreader working across Trayport & ICE for the UK Power Desk- Custom Algo LNG Desk via TT ADL: Enabled cost savings in hedging TFU exposure by managing delivery of a custom Algo leveraging TT ADL / Algo Design Lab for the LNG Desk- Custom Automated Spread Roller: Contributed to time saving by integrating an algo in the in-house ETRM to automatically roll spreads for the Fuel & Middle Distillates desks• Risks, Controls & Regulation- Operational Risk Framework: Drove compliance of MIFID II RTS 6 incl. Risk Limits, Kill Switch, Fat Finger checks, Training• Product Leadership- Agile Product Management & Ownership: Product lifecycle management using Agile, leading 3 squads with Engineering, Data Scientists & Product Designers. Leveraged JIRA Advanced Roadmaps with Product Requirement Documents boosting product launch efficiency by 20% in Oil, Gas & Power product portfolio- Leadership & Collaboration: As a line manager, mentored Product Managers, fostering collaborations across Trading, Engineering, Compliance, Brokers, Exchanges, Trading Platform ISVs resulting in a 25% increase in team efficiency on product launches- Senior Stakeholder Management & Strategic Vision: Consistently aligned with C-Suite & Senior Leadership, maintaining transparency via updates & workshops. Improved senior management buy-in by 40% aligning product strategies with Dare’s vision, elevating portfolio performance by 35%
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  • Credit Suisse
    Senior Product Manager - Efx Algo Trading - Global Markets Fx
    Credit Suisse Jul 2021 - Feb 2022
    Zurich, Ch
    Product Manager within the Advanced Execution Services FX Algorithmic Trading team in EMEA focusing on agile product management, algorithm strategy enhancements, new product rollout & Zurich Agency FX for the Agency FX desks globally• Product Management - Managed the product roadmap & strategy, client feedback into product design (internal & external), integration with vendor OMS / EMS, marketing documentation, liquidity analysis, competitor analysis & regulatory conformance (Best Execution) as part of product delivery• Algo Strategy Enhancements & New Product rollout - Partnered with Technology using the Agile Scrum framework to deliver client requests, enhancements to existing algorithmic trading strategies (Gamma Trader, Float Discretion), production issue fixes, new products (USDPHP), strategic platform kick-off, regulatory, technology specific upgrades & vendor UI enhancements - Captured business & functional requirements managing their delivery using the Atlassian suite (Confluence, JIRA)• Zurich Agency FX - Managed the delivery of the book of work for agency desk in Zurich covering Benchmark Flow, Premium Service Flow, Algo Flow, International Locations Agency Flow, 3rd party vendor platforms including Auto RFQ via BBG
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  • Macquarie Group
    Electronic Trading Business Manager - Coo Cash Equities Emea - Global Markets
    Macquarie Group Nov 2018 - Jul 2021
    Sydney, Nsw, Au
    Business manager within the COO Cash Equities EMEA team focusing on broker optimisation, EU Algorithmic Trading build out, Brexit preparation & Controls for the Electronic / Low Touch, High Touch & Program Trading desks • Broker optimisation - Enabled cost savings of circa. USD 1M p.a. on broker expenses by migrating pricing model to cost plus, enabling netting for 16 markets & optimising use voice brokers by the High Touch desk • Algo Rollout - New Product Approval - Managed the rollout of new Conditional Large-In-Scale Algo via internal New Product Approval process run across 17 departments including Compliance, Treasury, Market Risk, Tax & Ops. Risk • Client Preferences Portal - Partnered with Technology to build an internal portal for Sales Trading in EMEA to capture client venue preferences for ELPs, Bank SIs & MTFs (Dark, Lit, Conditional) • Brexit preparation - Analysed & documented Day 2 trade flows including impact on MIFID II Shares Trading Obligation as part of Cash Equities Brexit preparations • Controls - Quarterly risk limit reviews - Conducted risk limit reviews every quarter documenting system flows & reviewed broker & execution risk limits with trading desks to reduce operational risk • Controls - MIFID II Best Execution - Responsible for MIFID II Best Execution conformance on an ongoing basis. Reviewed monthly outliers with trading supervisors, Algo performance reviews & broker on/off-boarding at SteerCo.
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  • Icbc Standard Bank Plc
    Project Manager & Sr Business Analyst - Algorithmic Trading Mifid Ii Business Change Global Markets
    Icbc Standard Bank Plc May 2018 - Sep 2018
    London, England, Gb
    Project manager & business analyst within the front office Business Change team focusing on capturing business & functional requirements for MiFID II Algorithmic Trading, High Frequency Trading, Market Making, DEA & Record Keeping (Structured & Unstructured) • MIFID II preparation - ‘As Is’ Trade Flows - Captured business & functional requirements by mapping out ‘As Is’ state of trade flows for FICC desks trading Commodity Forwards & Futures, Total Return Swaps (TRS), Repo, FX Spot & Forward, Equity Linked Notes & Credit Linked Notes • MIFID II Algorithmic Trading- Conducted gap analysis of automated flows across all electronic platforms against MIFID II/PRA/FCA requirements- Documented Algo decision tree & approval process for new Algos / automated flows • MIFID II Record Keeping- Captured business & functional requirements for by identifying gaps against structured & unstructured Record Keeping requirements- Documented Requirement Traceability Matrix to link regulatory text to business requirements, RAID logs & test cases
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  • Credit Suisse
    Project Manager & Sr Business Analyst - Market Structure - Mifid Ii Business Change - Global Markets
    Credit Suisse May 2015 - Apr 2018
    Zurich, Ch
    • MIFID II - Market Structure & Pre-Trade TransparencyLed the mandatory compliance of MIFID II market structure & transparency regulations for Credit Suisse Global Markets & Investment Banking Capital Markets businesses - Cash Equities, Prime Services, EQ Derivatives & EQ Capital Markets, as part of a £40M+ MIFID II program• MIFID II Market Structure covering - Systematic Internaliser, Pre-trade transparency, Shares Trading Obligation, Waivers / Double Volume Caps - Drove the delivery of analysis on a desk-by-desk & flow-by-flow basis leading to changes in systems, business processes, compliance policies, client Terms of Business (TOBs), controls & monitoring, testing, training, client integration, business strategy, industry representation (AFME, ISDA), remediation & support post 3 Jan 18 go live - Captured deliverables via PIDs (Project Initiation Document), BRDs, FRDs, RAID logs, compliance challenges & change requests within the program & ensured end to end traceability from regulatory text (Level 1, RTS, ITS, ESMA Q&As) -> BRD -> FRD -> Test cases & results via HP ALM (Application Lifecycle Management) tracking tool - Partnered with other pre & post trade MIFID II work streams - Trade & Transaction Reporting, Order management & Record keeping, Algorithmic Trading, High-Frequency Trading, DEA & Market-Making, Best Execution & Clock Synchronisation - Liaised with Desk heads, Traders, Sales, Clients, COOs, Compliance, IT, Operations, Tax, Market Risk, Legal (internal & external - Linklaters LLP), Audit (internal & external), Regulators (FCA, ESMA), trading venues (CBOE - BATS, LSE, AQUIS) & peer broker dealers. Ensured coverage of Systematic Internaliser regime (Quoting, Determination, Trading), Shares Trading Obligation & Regulated Market & MTF transparency waivers including extraterritoriality impact to NAM, EMEA & APAC• MAR - Market Abuse RegulationLed the mandatory compliance of Investment Recommendations for Sales & Trading via £5MM MAR program
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  • J.P. Morgan
    Project Manager & Senior Business Analyst- Electronic Trading Futures & Options - Global Markets
    J.P. Morgan Nov 2014 - May 2015
    New York, Ny, Us
    Took ownership of 2015 roadmap to prioritise & manage delivery of Futures & Options electronic trading execution projects in exchange mandatory upgrades, business requests from clients & internal desks, vendor replacement with strategic in-house systems & technical enhancements• Onboarding Nasdaq NLX exchange to trade STIR Futures- Managed on boarding of Agency desks onto F&O exchange for trading STIRs to capitalise revenue from market making & exchange rebates- Managed delivery of trade execution via ISV (TT), trade capture, market risk, supervision, surveillance, data retention & monitoring. Partnered with Ops for clearing - Clearvision, settlement - GMI & downstream sign offs • New instrument launches - Established strategy for new instrument launches impacting 24 F&O stakeholder systems internally. Initiated weekly engagement & tracking to improve transparency of delivery with SunGard • Handover template for prod issues - Introduced lightweight handover template for support team to improve efficiency of escalations
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  • Citi
    Project Manager & Sr Business Analyst - Algorithmic Trading, Tca, Hft & Risk - Global Mkts Futures
    Citi Jun 2012 - Oct 2014
    New York, New York, Us
    • Product Development – Algorithmic Trading & Transaction Cost Analysis (TCA)Managed delivery of 20 new Algorithmic Trading strategies with support for pre & post execution order analytics via Transaction Cost Analysis (TCA). Contributed towards F&O business revenue from execution by adding 30M+ & 50M+ lots in Year 1 & 2 respectively- Delivered order types including Multi-leg Spreader, Benchmarks & Synthetics, executing Futures & Options on Rates, Commodities, Credit, FX, Equities routed via FIX & Screen - GUI flows, deployed to Client, House & Agency desks supporting 40+ DMA & non-DMA markets globally- Took ownership of front to back delivery including trade execution, trade capture, market risk (pre-trade, intraday, post trade), supervision, clearing - Clearvision, settlement - GMI, client reporting, trade surveillance & data retention liaising with stakeholders in front, middle & back office across Business, Market Risk, Operations, Compliance, Vendor (Fidessa) & Technology• German HFT BaFin Act for Algo Tagging - Secured & maintained regulatory conformance of German HFT BaFin Act for Algo Tagging on Eurex, EEX & ESMA EMIR for Automated Trading on all supported F&O exchanges globally• Citi Velocity Futures rollout - Realised cost savings for House desks by replacing their legacy Futures execution platforms with Citi Velocity• HFT client onboarding - Managed integration of a high frequency client delivering data centre connectivity, drop copy feeds for real time reconciliation, market risk limits (pre-trade, intraday & post trade), regulatory conformance, business continuity, disaster recovery, liaison with Fidessa for low latency DMA flow & cross asset class synergies with their FX flow• Risk Management - Futures - Delivered risk management (SPAN), kill switch & reporting capabilities for energy client’s European Energy & Power OTC clearing business. Liaised with Market Risk, Compliance, Operations, Business Management, Sales & Technology
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  • Citi
    Project Manager & Sr Business Analyst - Application Lifecycle Management - Markets Business Change
    Citi Jul 2010 - May 2012
    New York, New York, Us
    Application Lifecycle Management rollout• Led the rollout of Application Lifecycle Management (ALM) across ICG Technology as part of an enterprise wide initiative sponsored by CIO council• Covered definition, assessment & adoption of software engineering best practices for development teams across requirements, software architecture, development, testing, maintenance, continuous integration & release management
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  • Citi
    Senior Business Analyst - Electronic Trading Analytics - Equity Derivatives - Global Markets
    Citi Sep 2007 - Jun 2010
    New York, New York, Us
    Trading Analytics on Equity Derivatives• Pre-trade pricing & analytics - Delivered pre-trade pricing & analytics functionality for volatility surface management, gamma hedging & delta trading strategies for the Hybrids & Warrants desks. Managed front to back delivery driven on the back of business requirements• Connectivity vendor onboarding - ION Trading - Managed the onboarding of a vendor derivatives connectivity platform ION Trading to replace legacy systems. Liaised with support & development teams in Equities & Fixed Income globally
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  • Nokia
    Senior Software Engineer - Product Development - Multi Technology Development Group
    Nokia Aug 2004 - Aug 2007
    Espoo, Southern Finland, Fi
    • Technical solutions for Nokia, Sony, Samsung & Motorola- Developed technical aptitude in object-oriented design & development in C++ delivering solutions in Messaging & Personal Info Management for smartphone OS licensees including Nokia, Sony, Samsung & Motorola- Scored 96th percentile in ASD – Accredited Symbian Developer professional accreditation exam• Extra mile award & offshore training- Received 2 Extra Mile Awards in lieu of technical skills, team spirit & commitment to improve quality of products & services- Volunteered to visit Symbian Bangalore for 2 weeks for training & gathering feedback on improving cross-site collaboration
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Mayank Vaducha Skills

Business Analysis Equities Capital Markets Investment Banking Requirements Analysis Software Development Sdlc Unix Trading Systems Agile Methodologies Sql Derivatives Software Project Management Fixed Income Management Bloomberg Risk Management C++ C# Financial Modeling Financial Markets Software Development Life Cycle

Mayank Vaducha Education Details

  • University Of Leicester
    University Of Leicester
    Usa
  • Clarkson University
    Clarkson University
    Usa

Frequently Asked Questions about Mayank Vaducha

What company does Mayank Vaducha work for?

Mayank Vaducha works for Dare

What is Mayank Vaducha's role at the current company?

Mayank Vaducha's current role is Director of Product - Algo Trading, Risks and Controls, AI and ML - Energy Trading Oil, Power, Gas.

What is Mayank Vaducha's email address?

Mayank Vaducha's email address is ma****@****ail.com

What schools did Mayank Vaducha attend?

Mayank Vaducha attended University Of Leicester, Clarkson University.

What skills is Mayank Vaducha known for?

Mayank Vaducha has skills like Business Analysis, Equities, Capital Markets, Investment Banking, Requirements Analysis, Software Development, Sdlc, Unix, Trading Systems, Agile Methodologies, Sql, Derivatives.

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