UNKNOWN

FEED

Communicate with clients regarding market updates, trade execution, and client stock portfolio performance/movements, as well as to generate new orders/revenue. Highly organized, strong attention to detail, with the ability to multi-task and manage multiple projects and competing priorities without sacrificing accuracy or efficiency.

YEAR

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.Our Asian Equity Sales Trading group is seeking an experienced and highly successful Sales Trader. The position is responsible for the management and execution of client equity trades with a focus on delivering a high level of service.Responsibilities include but are not limited to:<ul><li>Monitor price movements and order flow on Asian stock exchanges like Hong Kong, Singapore, Japan, Taiwan, and Korea during the night shift (Sunday through Thursday 7pm-5am ET)</li><li>Place buy and sell orders for clients</li><li>Manage orders based on market analysis and trading strategies</li><li>Adhere to risk management guidelines</li><li>Utilize technical indicators and charting patterns to identify trading entry and exit points</li><li>Communicate with clients regarding market updates, trade execution, and client stock portfolio performance/movements, as well as to generate new orders/revenue</li><li>Generate post-trade reports, analyze trading performance, and identify areas for improvement</li><li>Communicate orderbook hand offs to the daytime USA sales trading/trading teams with instructions and any key client dialogue</li><li>Perform other duties as required and assigned</li></ul> Keyword: Business Conduct, Capital Markets, Travel, Regulatory, FINRA Required Experience: <ul><li>Bachelor's Degree from an accredited University required, preferably in Business or Finance, or other related fields</li><li>3-5+ years of successful sell-side experience as an Equity Sales Trader</li><li>Active Series 7, 63, 57 required</li><li>Strong understanding of Asian equity markets, including market dynamics, key economic indicators, and regulatory landscape</li><li>Must have established relationships with US accounts trading Asian equities</li><li>Expertise in technical analysis and charting tools, as well as with trading platforms and order management systems</li><li>Excellent analytical and decision-making skills under pressure</li><li>Strong communication skills to interact with clients and internal stakeholders</li><li>Ability to work independently and effectively during night shifts, and able to make quick decisions that are time sensitive</li><li>Highly organized, strong attention to detail, with the ability to multi-task and manage multiple projects and competing priorities without sacrificing accuracy or efficiency</li></ul> Benefits: What Wedbush OffersAs part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.<ul><li>Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family</li><li>Health Savings Account with company-sponsored contributions</li><li>Flexible Spending Accounts (FSA) traditional and dependent care</li><li>Pre-Tax Commuter Benefits</li><li>401(k) plan with discretionary, competitive company matching and profit-sharing contributions</li><li>Tuition reimbursement up to $5,250/year</li><li>3 weeks of Paid Time Off</li><li>2 weeks of Paid Sick Time (may vary by location)</li><li>10 Paid Holidays</li><li>Charitable Donation Matching Contributions</li><li>Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer Time Off, Disability, etc.)</li><li>FINRA License Sponsorship</li><li>Travel & Employee Assistance and Employee Discount Programs</li></ul>The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $100,000 to $150,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overviewThis position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55. From: Wedbush Securities

Wedbush Securities

Senior Vice President, Equity Trading

Analysis Skills

Capital Markets

Communication Skills

Compensation Management

Customer Relations

Detail Oriented

Equity Securities

Finance

Financial Regulations

Flexible Spending Accounts

Futures

Genetics

Health Plan

Investment Services

Market Analysis

Microsoft Exchange Server

Multitasking

Order Management

Organizational Skills

Performance Analysis

Project/Program Management

Regulations

Risk Management

Sales

Securities

Securities Investments

Series 7

Stock Market

Technical Analysis

Trading Platforms

Trading/Stockbroking

Wealth Management

ATSOndemand

OTHER

The Assistant Trader is responsible for the design, development and validation of best execution models of Non-Agency products including Jumbo, Agency eligible investment and second homes, closed end second liens and Non-QM mortgages; identification of whole loan trading arbitrage opportunities; assistance in the development and roll-out of non-agency products; data management & analytics and the development of management reporting. Develop an efficient and accurate mechanism to a) identify and divert loans from Agency MBS execution into Non-Agency Whole loans, and b) optimize distribution of Non-Agency products across multiple investors in a way that seamlessly integrates into Capital Markets MTM databases and Pennymac data warehouses to facilitate management, reporting and creation of whole loan offerings.

PENNYMAC:
Pennymac is(NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.  At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

Job Overview:
The FVP, Pricing Strategies role supports Agency and Non-Agency whole loan trading activities. The Assistant Trader is responsible for the design, development and validation of best execution models of Non-Agency products including Jumbo, Agency eligible investment and second homes, closed end second liens and Non-QM mortgages; identification of whole loan trading arbitrage opportunities; assistance in the development and roll-out of non-agency products; data management & analytics and the development of management reporting. Responsibilities also include assisting in the creation, distribution and analysis of trade offerings; reconciliation and settlement of whole loan pools; developing, maintaining and monitoring daily pricing of non-agency products; coordination of analysis with multiple departments (e.g. Technology, Sales, Capital Markets); cross-channel non-agency product development and documentation; competitor product and pricing analysis and key corporate initiatives.

A Typical Day:
 <ul style="margin-bottom:0in;margin-top:0px"><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">The ideal candidate will possess deep expertise in residential secondary markets, hedging, analytics and whole loan trading</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Lead the design and enhancement of best execution models within Pennymac proprietary pricing engines, as well as desktop-based solutions, to optimize the execution of Agency and Non-Agency products through whole loan sales and securitization</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Develop an efficient and accurate mechanism to a) identify and divert loans from Agency MBS execution into Non-Agency Whole loans, and b) optimize distribution of Non-Agency products across multiple investors in a way that seamlessly integrates into Capital Markets MTM databases and Pennymac data warehouses to facilitate management, reporting and creation of whole loan offerings</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Manage the creation, distribution and execution of whole loan offerings to include loan selection, setting collateral and transaction stipulations, receiving and analyzing investor bids and making best execution recommendations</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Lead the design, development and deployment of new mortgage products, including comprehension and documentation of guideline and pricing requirements, as well as testing and building tools to validate the accuracy of all calculations and configurations</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Participate and/or lead requirement gathering sessions with stakeholders, walk-throughs with cross-functional teams, and assist in drafting and producing related documentation to successfully deploy new products timely, accurately and efficiently</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Design data models to extract data from operational databases and transform the data to easily understood business views </li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Develop, maintain, and manage advanced reporting, analytics, dashboards and other BI solutions to support whole loan trading and non-agency products</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Delivery of key corporate initiatives and demonstrate the ability to collaborate effectively with management and key stakeholders</li><li style="margin:0in 0in 0in 0px;font-size:12pt;font-family:'times new roman' , serif">Demonstrate behaviors which are aligned with the organization’s desired culture and values</li></ul>

What You’ll Bring:
 <ul style="margin-bottom:0in;margin-top:0px"><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Bachelor’s degree with a major in Finance, Actuarial Science, Statistics, Decision Science, Mathematics or Quantitative Analysis</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">5+ years of experience in residential mortgage finance, preferably with experience in Secondary Marketing or Capital Markets and exposure to Non-Agency/Non-QM mortgage products</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Strong quantitative analysis skills and proficiency in statistical analysis, quantitative methods, computational math, and probability distributions.  Direct experience designing and running agency and non-agency whole loan cash flow pricing models, MSR pricing models and structured private label securitization models a plus</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Exposure to and working knowledge of mortgage prepayment and credit concepts and conventions</li><li style="margin:0in 0in 0in 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Must be highly proficient in MS Suite, with experience in SQL, data modeling and advanced Excel skills </li><li style="margin:0in 0in 10pt 0px;line-height:115%;font-size:11pt;font-family:'calibri' , sans-serif">Bloomberg, Intex, Snowflake and Rating Agency model experience preferred</li></ul>

Why You Should Join:
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.  Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: <ul style="margin-top:0;margin-bottom:0"><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Comprehensive Medical, Dental, and Vision</li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Paid Time Off Programs including vacation, holidays, illness, and parental leave </li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)</li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Retirement benefits, life insurance, 401k match, and tuition reimbursement </li><li style="font-size:10.5pt;font-family:'roboto' , sans-serif;color:#202124;font-weight:400">Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships</li></ul> To learn more about our benefits visit: <a class="oiM5sf" href="https://pennymacnews.page.link/benefits" rel="noopener nofollow noreferrer" target="_blank">https://pennymacnews.page.link/benefits</a> For residents with state required benefit information, additional information can be found at: <a href="https://www.pennymac.com/additional-benefits-information" rel="noopener nofollow noreferrer" target="_blank">https://www.pennymac.com/additional-benefits-information</a> Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:<ul style="margin-top:0;margin-bottom:0"><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Lower in range - Building skills and experience in the role</li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Mid-range - Experience and skills align with proficiency in the role </li><li style="font-size:10pt;font-family:'montserrat' , sans-serif;color:#666666;font-weight:400">Higher in range - Experience and skills add value above typical requirements of the role </li></ul> Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.  

Salary:
$110,000 - $170,000

Work Model:
OFFICE

Trading Jobs in Cornell, CA

Resume Resources

Get noticed by top employers!

Trading Jobs in Cornell, CA

Senior Vice President, Equity Trading Wedbush Securities

FVP, Whole Loan Trading Pennymac

Resume Resources