Sr Trader

Duties & Responsibilities

• Receive and process sales orders from registered representatives of the broker/dealer, clients, and/or their third party managers, and inspects orders to ensure accuracy of information.
• Review trade execution reports on a daily basis.
• Ensure trading procedures are properly executed and that compliance policies are followed.
• Process a high volume of complex trades, while minimizing the company’s financial exposure. 
• Monitor the relationship between the trading desk and our clearing broker, making sure we receive “Best Execution” on all trades
• Book all transactions through our clearing broker’s system.
• Provide market color to our internal and external clients customized according to their needs.
• Responsible for the post-trading routines of booking the transaction in the system and assisting the securities processing unit, whenever needed, in order to ensure maximum efficiency regarding settlement of the trades
• May provide clients with information on investments, securities and other financial services
• Responds to complex question from management, clients, sales representatives and firm personnel regarding trades.
• Stay abreast of changes in the industry and share knowledge with the field and the department.
• Compliance with Anti-Money Laundering and Bank Secrecy Act related principles, laws, rules and regulations, as well as Itau’s related policies and procedures.
• Perform in a pro-active business development fashion during all client conversations, striving to provide an overall outstanding client experience.
• Perform other duties as required or assigned.

  Qualifications

• Bachelor’s degree, economics or related field (MBA preferred)
• Licenses: 
• Series 7 is required, and Series 57 is desirable

  • Minimum 5 years of experience in securities industry

  • Systems/Applications: MS Office, Bloomberg, Olympic, NETX360,

  • Competencies: Communicates effectively, focuses on the customer, organizational skills, demonstrates technical and functional expertise, make sound business decisions, keyboard and data entry skills, detail oriented, multi-task oriented and team player.

  • Senior Experience: brokerage and bank products (Fixed Income, Equities, Options, Mutual Funds, Derivatives, Foreign Exchange, Futures, and Structure Products)

  • Strong understanding of current regulatory requirements to broker dealer and bank rules.

  • Self Motivated team player with solid communication skills.

  • Fluency in English and Spanish is required.

  • Fluency in Portuguese considered a plus.