Description
The Options Trading Associate will assist the Options Trading desk with day-to-day operations in support of goals and objectives and will work closely with the Options Trading/Sales team.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Assists the Options Desk with processing daily trade executions.
- Performs trade settlement reconciliation daily and notifies management of any discrepancies.
- Will handle correcting any trade breaks and ensure databases have been updated to reflect the correction.
- Maintains trade databases and will prepare reports and analyses as requested.
- Forward billing details to the back office for each trade executed at EOD.
- E-mail confirmation statements to the clients each morning for the previous day's trades.
- Reviews all vendor bills for accuracy and works with the Equity Commissions Managment team to ensure timely billing and vendor payments are completed.
- Will work on various projects as assigned by management.
$70,000 to $90,000 base salary
QUALIFICATIONS
- General knowledge of FINRA and trading regulations, with preference given to Options and listed Equity Derivatives.
- Strong understanding, knowledge, and experience within the financial services industry.
- Ability to effectively communicate information to all levels of staff and management.
- Ability to ensure necessary and relevant information is passed on to others promptly.
- Skilled at developing, maintaining, and strengthening internal and external partnerships.
- Detail oriented.
- Able to perform in a fast-paced working environment.
- Interest in financial markets.
EDUCATION AND EXPERIENCE
- Minimum required: Bachelor's degree in finance, economics, business or equivalent.
- Minimum required: 2+ years of industry-related experience, preferably in Options Trading.
LICENSES AND CREDENTIALS
- Minimum required: none.
- FINRA Series 7 and 63 are preferred.
SYSTEMS AND TECHNOLOGY
- Experience with Microsoft Excel, Work, and PowerPoint.
- Experience with trading platforms such as Bloomberg and Fidessa.
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