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Wednesday, October 7, 2009

Senior Institutional Trader

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# Description Executes institutional equity orders while achieving best execution and adhering to current company policies and regulatory requirements. Orders will normally be equities but in some instances may be other investments.

# Resolves trading issues, researches trade data, handles operations tasks when necessary, and performs various miscellaneous tasks associated with trading functions.

# Completes special projects as assigned by President, managers, and compliance.

# Supervises personnel in the Trading Department in the absence of the senior manager when required.

Requirements Minimum 5 years experience in the institutional trading/operations department of a securities-related company or equal experience in a related position. Must hold appropriate licenses with NASD (7, 63 required with 4, 24, 55, 65 or 66 preferred). Proficient with electronic trading systems (such as Thinkorswim, Longview, etc) and knowledge of algorithmic trading. Bachelors degree in an appropriate field preferred. Experience in various areas of a broker/dealer (operations, finance, administration, etc).

This position requires that the incumbent be highly skilled in Microsoft Office (Word, Excel, Outlook etc.) and able to rapidly learn new software applications.

Be able to respond coolly and efficiently under pressure of time and market conditions.

Manages individuals in trading, in the absence of the senior manager, by providing coaching, feedback and reinforcement.

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posted by Declan Fallon at 3:03 PM

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