Senior Trader

Tasks and responsibilities

The duties and responsibilities include:

• Receiving and processing buy and sell orders from registered representatives of the broker-dealer, clients, and/or their third-party providers, as well as verifying the accuracy of the information in the orders.
• Review of trade execution reports on a daily basis.
• Ensuring that trading procedures are carried out properly and that compliance guidelines are followed.
• Processing a high volume of complex trades while minimizing the company's financial risk.
• Monitoring the relationship between the trading desk and our clearing broker to ensure that we receive "best execution" for all trades.
• All transactions are processed through our clearing broker's system.
• Providing market information to our internal and external clients, tailored to their needs.
• Responsibility for the post-trade procedures involved in posting transactions to the system and providing support to the securities processing unit as needed to ensure maximum efficiency in trade settlement.
• Providing customers with information about investments, securities, and other financial services.
• Answering complex questions from management, customers, sales representatives, and company employees regarding trades.
• Stay up to date on changes in the industry and share your knowledge with the team and department.
• Compliance with the principles, laws, rules, and regulations related to anti-money laundering and bank secrecy, as well as Itau’s corresponding policies and procedures.
• Proactive business development in all customer interactions to deliver an exceptional customer experience.
• Performing other tasks as needed or assigned.

Qualifications

The qualifications include:

• A degree in economics or a related field (MBA preferred).
• Licenses: Series 7 is required, and Series 57 is preferred.
• At least 5 years of experience in the securities industry.
• Systems/Applications: MS Office, Bloomberg, Olympic, NET360.
• Skills: Effective communication, customer focus, organizational skills, technical and functional expertise, sound business judgment, keyboard and data entry skills, attention to detail, ability to multitask, and a team player.
• Senior-level experience: brokerage and banking products (fixed income, equities, options, mutual funds, derivatives, foreign exchange, futures, and structured products).
• A strong understanding of current regulatory requirements for broker-dealers and banking regulations.
• A self-motivated team player with strong communication skills.
• Fluency in English and Spanish is required.
• Fluency in Portuguese is a plus.