Trader Job Description
Trader
provides exceptional customer service to Financial Advisors, their assistants, their clients and LPL Financial internal business partners as it relates to Mutual Fund, UIT and Precious Metals trading and trade corrections.
Trader Duties & Responsibilities
To write an effective trader job description, begin by listing detailed duties, responsibilities and expectations. We have included trader job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintenance of commission and principal trade reports, and the mutual fund eligible list
Execute the purchases and sales of equity securities as authorized by portfolio managers
Analyze trading and market information to determine optimal trading strategy
Maintain an open dialog with portfolio managers regarding outstanding trades and portfolio holdings
Provide portfolio managers and analysts with timely and relevant security and market information
Develop and maintain positive relationships with portfolio managers and analysts
Communicate trade instructions to sell side brokers in a concise and detailed manner
Monitor outstanding trades to ensure sell side brokers are executing according to instructions
Develop and maintain positive relationships with sell side brokers
Develop and maintain a strong knowledge Canadian and US market structure
Trader Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Trader
List any licenses or certifications required by the position: DV360, NERC, CFA, PJM, ITIL, RTO, CME3, NCCER, CASIO, CCO
Education for Trader
Typically a job would require a certain level of education.
Employers hiring for the trader job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Business, Engineering, Mathematics, Education, Business/Administration, Math, Accounting, MBA
Skills for Trader
Desired skills for trader include:
Margin treatment and risk management
Trading regulations and requirements
Excel
Mutual Fund
Bloomberg
UIT and Precious Metals markets
Market place rules and regulations
Equity and option markets
Pricing and trading strategies
Margin requirements and treatment are essential
Desired experience for trader includes:
Develop and maintain a high knowledge level of various trading systems and software
Correspond with the various sponsor teams and occasionally FAs
New Account verification and opening
Processing account terminations
Verifying and management of cash flows
UMA modeling and sponsor correspondence
Trader Examples
1
Trader Job Description
Job Description Example
Our company is looking to fill the role of trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trader
- Backing up team in various trading and operational duties
- Ensure trading activity and hedging is conducted within all appropriate risk parameters
- Trades new Score, Fundamentals (discretionary), Unison, and Spectrum accounts based on model portfolios, with client restrictions taken into consideration
- Handles account terminations that involve the liquidation of securities for internally managed (discretionary) accounts
- Aggregates block trades for processing when a security is added or removed from a discretionary portfolio
- Daily review of cash report to determine if any accounts have additional cash to be traded into portfolios, or are in a debit status
- Periodic review of accounts for rebalancing back to model, if warranted
- Maintains model portfolios and percentage allocations discretionary accounts on both the Security APL and Vestmark trading systems, per portfolio manager direction
- Trade corrections for accounts with trading errors
- Executes block trades with other market makers
Qualifications for trader
- Have a deep understanding of the US client base in order to best deliver service
- 3+ years of CD bank underwriting experience
- Detailed knowledge of all aspects of TRS trading/processes/risk management/compliance
- Entrepreneurial attitude to manage and contribute to new ventures/initiatives
- Fully understanding of FX products Forwards/Swaps/NDFs
- Position requires a Bachelors Degree with focus in Finance or Management Information Systems., 9+years of experience in commodities trading with a minimum of 6 years Real Time Energy trading experience within the Pacific Northwest, Northwest Montana, Southwest, California, and Alberta markets
2
Trader Job Description
Job Description Example
Our company is growing rapidly and is hiring for a trader. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for trader
- Cancels and corrects any trade discrepancies
- Prepares OTC tickets for archive
- Add value in management of funds through execution of purchases and sales of securities based on instructions from Portfolio Managers and/or the AVP Trading within defined discretionary guidelines
- Provide market intelligence based on lead use of pre-trade analytics and knowledge of markets and instruments to Portfolio Managers, Associates and Analysts to enable selection of best counterparties and execution venues
- Ongoing effective and timely delivery of market sentiment, trading environment, trading volume and price volatility, news flow, trade flows (liquidity) and Broker Research-Primary and Secondary Markets to Portfolio Managers and Analysts
- Trading desk Morning Notes produced and circulated daily
- Provide equity-related and economic information to the investment team throughout the day
- Share the responsibilities of managing the day-to-day operations of the quant trading desk
- Proactively identify operationsl risks/control deficiencies in the business
- Provides prompt and courteous telephone sales support in high yield corporate bonds
Qualifications for trader
- Strong understanding and experience navigating the complex compliance framework for transmission and regulatory authorities in the Pacific Northwest, Northwest Montana, Southwest, California, and Alberta markets
- 5 + years of trading & customer service experience
- Knowledge of key indexes, S&P, Russell, MSCI, FTSE
- Advanced concepts, practices and procedures of Listed and OTC Agency Trading
- Trading terminology
- Minimum of 10+ years of related work experience in electronic ETF trading
3
Trader Job Description
Job Description Example
Our company is growing rapidly and is looking for a trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trader
- Bids and offers Securities through BondDesk, LAVA and/or other Trading Platforms, and works with other traders on desk to maintain and service inventory for sale
- Verifies inventory positions, corrects errors, generates marketing materials, and assists Head Trader in the generation of Sales Credits and other trading revenues
- Performs other duties as assigned by Head Trader and/or Manager
- Performs with a high level of accuracy when executing orders for internal or external customers per their instructions
- Increases the number of shares traded through the effective communication with Retail FC’s, the US Equity Trading desks, and the Canadian desks
- Gains an in-depth knowledge of the workings of various world markets, including trading, settlement and fx issues and reviews and discovers sources of information, data, and research
- Participates in research/sales/trading meetings
- Monitors stocks of interest and fx rates for both our brokers and other Broker / Dealers and relays orders and trades to US market makers the Candian desk when appropriate
- Continually provides FC’s, Assistants and Institutional Clients with solutions for attaining desired results involving trade execution
- Pricing and execution of exchange traded funds
Qualifications for trader
- Experience working with large data sets and complex digital user interfaces · Education in media, marketing and communications · Preference to work on the disruptive side of business, with new technology Strong interest in digital communications in general and emerging media in particular Experience in a highly collaborative work environment
- The ideal candidate has at least 3-5 years in trading experience
- You will have good understanding of procedures and concepts within own technical/subject area and a basic knowledge of these elements in other areas
- Years experience in Equity Trading
- Minimum 10 years work experience in equity options trading
- Detailed knowledge of derivatives, including exotic equity and hybrid products
4
Trader Job Description
Job Description Example
Our company is searching for experienced candidates for the position of trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trader
- Provide price quotes and service to branch teams on fixed income trading related inquiries
- Advanced understanding and ability to use and follow the trading systems, processes and regulatory controls
- Manages limited capital position and sales pace so that inventory turns are at acceptable levels and losses limited
- Serve as a frontline for queries on pricing, risk, and P&L
- Follow broad market movements, the economy, and asset class trends to maintain educated opinions on relative value, views on credit trends and a market outlook
- Monitor FX markets throughout the day and all relevant news and economic data, through technical and fundamentals analysis
- Manage intraday FX positions within agreed guidelines
- Negotiate, price and book FX deals with clients via phone or FX platforms
- Provide excellent customer service and client focus
- Maintain and develop strong relationship with clients
Qualifications for trader
- Fully licensed and registered for trading stocks, options and futures in the US
- Some business-related college courses required
- Good communication skills, clarity is important
- Series 7 & 66 required within 6 months (and desk specific licenses)
- This is an entry level trading role for all trading desks
- Client service and/or financial industry experience preferred
5
Trader Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trader
- Use RET and Cortex pricing system to obtain and quote rates
- Price and book asset hedging swaps as per agreed model for broker contribution points
- Book client deposits, box loan and money market deals with branches
- Send rates to internal departments and clients
- Run trading reports and assist with queries from various operational departments
- Monitor intraday credit limits
- Send end of day reports
- Perform trade operations for both retail and enterprise offerings
- Process and document trade errors and other operating events
- Review orders to ensure accuracy and compliance to firm policies
Qualifications for trader
- University degree in Business/Finance/Mathematics
- Numeracy, accuracy and spreadsheet modelling experience
- Personal drive, network development and ability to work in a team is vital
- Individuals must demonstrate a strong commitment to integrity and professionalism
- Tenacity and aptitude for hard work including ability to travel, sometimes at short notice
- Read, understand and negotiate transaction documents