Equity Trader Job Description
Equity trader
provides market color and commentary to equity portfolio managers and associates as they make decisions on fixed income positioning in balanced accounts.
Equity Trader Duties & Responsibilities
To write an effective equity trader job description, begin by listing detailed duties, responsibilities and expectations. We have included equity trader job description templates that you can modify and use.
Sample responsibilities for this position include:
Timely and accurate execution on all trade orders such as FX, HK & foreign securities, stocks, options, bond, mutual fund, structured products and commodity futures
Ability to work with large data and knowledge of a query language (especially q) is also highly valued
Institutional trading, operational, and administrative duties
Interact with various PMs and investment teams
Verification and management of cash flows
Reconciliation of institutional accounts
Correspond with the various SMA sponsor teams
Back up/assist WRAP trader on trading, administration, operations, modeling and sponsor correspondence
Take initiative in workflow efficiency issues
Ability to trade agilely in a shifting market environment
Equity Trader Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Equity Trader
List any licenses or certifications required by the position: AMAC
Education for Equity Trader
Typically a job would require a certain level of education.
Employers hiring for the equity 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, Mathematics, Business, Engineering, Management, Education, Trades, Statistics, Graduate
Skills for Equity Trader
Desired skills for equity trader include:
Market place rules and regulations
Equity and option markets
Equity trading
Advising Portfolio Managers on implementation of different trading strategies
Broad range of asset classes
Commodities and credit
FX
Fixed income
Market structure and portfolio construction challenges
Would be advantageous
Desired experience for equity trader includes:
Strong knowledge of the investment business and processes
Degree(s) in relevant subject such as economics, mathematics, engineering, physical science
3+ years C++ development experience (Unix/Linux)
DB2 or other SQL knowledge is a plus
FIX knowledge is a plus
3+ (ideally 5 or more) years managing and trading in an automated/systematic equity environment
Equity Trader Examples
1
Equity Trader Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of equity trader. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for equity trader
- Perform WRAP composite maintenance
- Be able to take initiative and manage time to meet market deadlines
- Knowledge and use of electronic venues including ECN’s, dark pools, and algorithms for accessing liquidity
- Provide backup support for futures, derivatives trading, and foreign exchange trading
- Communicate with brokerage trading desks regarding research information and merchandise flow
- Prepare daily margin monitoring reports and liaise with Investment Advisors (IAs) on payment chasing if necessary
- Reconcile commodity account records with Head Office’s records
- Handle incoming wire transfers
- Monitor Futures statement, and distribute statement to IAs
- Seek to ensure ‘best execution’ on all trades
Qualifications for equity trader
- Minimum 5 years financial industry experience, WRAP & APL experience required
- Confidence to have constant dialogue with Sales Traders and Sales alike, to communicate with senior management
- 3-5 years of trading experience and detailed understanding of US market microstructure
- Strong desktop skills, Office, Bloomberg
- Practical analytical skills, including the ability to quickly spot trends and characteristics in high volume data
- Developing relationships with asset managers, issuers & investor platforms to grow & maximise the commission / fee revenue opportunities directly and along side the various sales & distribution teams
2
Equity Trader Job Description
Job Description Example
Our company is looking for an equity trader. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for equity trader
- Work in a highly regulated environment and adhere to compliance policies
- Communicate effectively as part of a trading team and with portfolio managers/analysts
- Keep up to date with industry and regulatory developments
- Execute trades based on instructions from portfolio managers and also within defined discretionary guidelines
- Review and analyze transaction cost analysis reports
- Operate and multi-task in a fast-paced high pressure work environment
- Provide portfolio managers with ongoing information about markets and trading situations
- Research Trading exceptions (pricing, settlement)
- Support and handle various market needs of the Portfolio Managers and Analysts
- Provide excellent quantitative and technical expertise in analyzing markets and sectors
Qualifications for equity trader
- Identifying and capitalising upon high return-on-capital ETF & related trading opportunities in Global financial markets, with particular focus on the European markets
- Working as part of a global trading desk, ensuring clear communication, management of relationships & a co-ordinated approach to managing client opportunities, relationships & risks between Hong Kong, London & New York
- Working closely with the Global Depository business, to provide desk coverage, to identify and extract synergies between products, and initiate development projects to enhance trading strategies and client related activity
- Strong work ethic, high levels of internal motivation and willingness to learn
- Developing and building new relationships from these opportunities whilst maintaining existing relationships
- The initiative to identify new key trading opportunities and contribute to the overall success of the team
3
Equity Trader Job Description
Job Description Example
Our growing company is hiring for an equity trader. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for equity trader
- Work effectively and professionally with the business partners of Global Equity Trading including compliance, risk management, IT systems, and other similar groups
- Perform in a fast paced environment with a passion for economic markets, along with a curiosity for why things happen to impact the market
- Maintain Trading information systems and daily processing equity agency business
- Develop an expertise in equity agency trading
- Execute agency orders as requested by clients and ensure best execution for our clientele
- Provide updates on the trades, market, trading environment and trading volume and price instability
- Interaction with Investment Advisors and Investment Representatives
- Execute trades across all sectors in Asian and Frontier Market equities (exclude Australia and Japan)
- Gather and analyze market color and communicate relevant information to portfolio managers, analysts, other investment professionals and traders globally
- Maximize best execution practices
Qualifications for equity trader
- Visual Basic (VBA) programming skills required
- 5-7 years of trading experience required
- Competent in use of Bloomberg quotation and analytical tools
- Understands general market dynamics, liquidity characteristics, and interaction of supply and demand characteristics both domestically and internationally
- Understands appropriate use of electronic trading, crossing networks, dark pools, algorithms and portfolio trading
- Ability to understand and implement trading strategies to complement Portfolio Managers tactical trade objectives
4
Equity Trader Job Description
Job Description Example
Our growing company is hiring for an equity trader. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equity trader
- Maintain an up-to-date knowledge of market structure and regulatory issues
- Keep up with the latest trading technology
- Pricing equity exotic structures for sales and clients
- Participating in the risk management of equity exotic portfolios
- Working with PnL and Market Risk teams to substantiate daily risk and PnL
- Working with Quantitative Research on building models for new exotic structures
- Execute Institutional block order flow in both the equity, ETF and option markets while being conversant in multiple execution strategies and order routing tools
- Take ownership over the entire trading process, beginning with understanding macro- and microeconomic factors impacting the market
- Establish client objectives through active listening and clear communication of special handling instructions
- Provide education and recommendations on order handling where appropriate
Qualifications for equity trader
- 5-7 years of trading experience required, or a combination of trading and trade operations in that experience range
- Your role will require you to interface directly with business unit sponsors to gather requirements and document specification
- You will work closely with quants and trading to integrate analytics models and design and deliver new analysis tools
- You will collaborate with other front-end/middleware/backend teams to deliver projects
- You will work with first level support team to provide production support
- You will coordinate with the global team on new features and participate in driving future direction of the system
5
Equity Trader Job Description
Job Description Example
Our growing company is hiring for an equity trader. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for equity trader
- Strategy development and implementation of trading through the detailed analysis of attributes
- Risk Management and Best Practices
- The hours of this position are approximately 4pm to 12am in order to trade Asia/Pacific Rim
- Keep informed of relevant market conditions and trends including regulatory requirements and market structure
- Manage margin and cost basis
- Execute equity orders for SMA’s (separately managed accounts) through trade rotations and step-outs
- Reconcile and submit orders for UMA’s (unified managed accounts)
- Generate trades based on tax loss/gain
- Execute foreign equity orders and convert to ADR’s
- Executes securities purchases and sales as authorized by portfolio managers
Qualifications for equity trader
- Proven ability to build and manage key existing relationships identifying new relationship opportunities
- Successful completion of Equity Trader I responsibilities or equivalent industry experience
- 3+ years of financial service experience required, capital markets preferred
- Advanced knowledge of equity market structure, execution analytics, trading strategies, and risk management techniques
- Series 7, 55, and 66 required or must be obtained within a specified testing window
- A minimum of 5-8 years of experience trading equities