Trader Jobs

Trader

Broker Dealer/Wealth Management/Hedge Fund

Midtown-HYBRID

MUST HAVE SERIES 55 OR 57!

$90-110 base + Bonus/Benefits

Description

Ensures that all equity, mutual fund, and ETF trades are executed accurately at Pershing and with all other outside custodians in a timely manner. Responsible for trade settlement and reconciliation.

Responsibilities are:

• Administer all trade execution and direct trades to outside custodians. Delegate large trades to outside brokers and follow up, as necessary.
• Communicate fixed income allocations to outside bond brokers ensuring these trades are booked correctly on our side and also at the contra broker.
• Trade Reconciliation – Review and reconcile reports to ensure trades have been executed and booked correctly.
• Inspect and verify any suspicious/erroneous orders.
• Compliance reports – Compile and randomly check trades for best execution prices. Review MSRB, CAT OATS and TRACE reports for trades. Check trade confirms for accuracy.

Qualifications are:

• Series 7 and 55 or 57-would also prefer Series 63 but not a mandate
• Minimum 3 years of experience using Microsoft Office applications
• Bachelor's Degree (Accounting, Business, Finance preferred)
• Minimum 3 years’ experience with an investment management firm, hedge fund, or Broker Dealer