Trading Associate Job Description
Trading Associate Duties & Responsibilities
To write an effective trading associate job description, begin by listing detailed duties, responsibilities and expectations. We have included trading associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Trading Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Trading Associate
List any licenses or certifications required by the position: CPA, CBAP, CCIE, SEC, CCBA, FSCM, CFA
Education for Trading Associate
Typically a job would require a certain level of education.
Employers hiring for the trading associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Economics, Engineering, Computer Science, Mathematics, Accounting, Financial Services, Statistics, Education
Skills for Trading Associate
Desired skills for trading associate include:
Desired experience for trading associate includes:
Trading Associate Examples
Trading Associate Job Description
- Exchange traded option (ETO) market-making
- Management of rate curves/parameters for option pricing
- Tactical front office development
- Independently executes all asset allocation modeled account maintenance requests from portfolio managers and financial advisors
- Responsible for executing investment model updates and changes received from internal and external strategy teams across institutional and personal trust accounts
- Monitors, identifies, and corrects any account level cash or position deviations from the model
- Works with traders and brokers to ensure timely settlement of all trades
- Prepares several trading reports and presents to the Head of Trading
- Application Developer responsible for the implementation and support of PWM's trading & trade flow infrastructure
- Develop and support various PWM trading platform components such as order management and execution systems for multiple asset classes
- Ability to compute mathematical transactions with a high degree of accuracy
- The The Trading Associate must develop through on the job training and complete the Series 7 and Series 63 accreditation process within a specified time frame
- Linux systems programming including memory management, concurrent programming infrastructure, and the networking stack
- Distributed server software
- Project management and software development practices
- SQL, Perl, Python, Regular expressions
Trading Associate Job Description
- Manage day to day account issues including excesses, urgent requests (amendments) processing payment approvals and reallocations
- Minimum 2 years program or sales trading experience
- Assist in supporting the compliance program
- Work with static data teams to update internal systems to ensure timely trade capture
- Identify system process gaps and communicate tactical recommendations to management
- Development – Design, build and deploy critical trading applications, including intraday risk management and position keeping, trade booking, pricing and EOD processing applications
- Development will be in a proprietary language (Slang/SecDB), in Java and web technologies
- Work with Senior Operations Technology stakeholders to execute regulatory logic through a single shared service
- Hands on technical design and development from a technical perspective
- Support of legacy systems
- Data driven performance analysis and optimizations
- Candidates with a GPA (or equivalent) of 3.5 and above
- Recent university graduate with excellent academic record
- Strong worth ethic, high levels of internal motivation and willingness to learn
- At least four year experience in a bank syndications unit
- Has relationships and traded loans with LatAm banks
Trading Associate Job Description
- Face-off to Senior Business stakeholders
- Development of applications
- Work alongside senior trading staff, learning to operate our business
- Make markets for customers and generally transact in interest rate swaps and options
- Hedge new and existing trades using derivatives and securities
- Do detailed, in-depth analysis of new and existing positions for the purpose of pricing and risk management
- Work with structuring and sales personnel to identify and evaluate potential opportunities
- Provide market color and maintain relationships with our customers
- Work alongside Legal, Compliance, and Operations groups to evaluate documentation terms, enact proper trade capture, and correct and resolve discrepancies
- Help build and maintain desk tools and processes for business tracking and risk management
- Some Java development experience
- Professional experience working with a front office e-trading business
- Academic background in a quantitative or technical discipline
- Advanced coding (Python, C++…) and software design skills
- Understanding of basic financial mathematics
- Comfortable managing multiple stakeholders, demonstrating initiative and showing commercial impact
Trading Associate Job Description
- Serve as a liaison between Correspondents and Market Centers by researching trade and execution issues
- Assist Correspondents with busting trade errors, average pricing and allocating trades while serving as a resource for customers who have trading questions
- You would accountable for ongoing training of Correspondents and overseeing Discrepancy reports
- Pricing, hedging and managing risk for program trading and in the synthetics space (ETFs, swaps and futures)
- Managing ETF NAV trades versus clients and brokers on a daily basis
- Execute client synthetics orders
- Work with Strats on enhancing infrastructure related to trading workflows and risk management
- Be an integral part of the strategic development of the desk through related project based work
- Increase the efficiency of the desk through improvements in tactical processes (write text)
- Liaise with our Quant team to maximise practical utilisation of available functionality
- Candidate should be driven, demonstrate initiative, be technical and commercial-minded
- Experience in Quantitative Finance and/or Computer Science
- Knowledge of systematic trading strategies
- Knowledge of developing scalable solutions
- Core Java or C#, Unix, Sybase (or similar RDBMS), any J2EE application suite (which includes but is not limited to technologies like JBoss, Weblogic, RMI, EJB, Servlets, Hibernate, HTML/DHTML)
- Experience developing real-time, multithreaded, multi-tiered & distributed Java applications is a plus
Trading Associate Job Description
- Have close and business oriented contacts with other traders, engineers, sales and clients
- Set up clear and accurate pricing methodology and provide up to date parameters to the engineers and the sales teams
- Manage risks in a proactive and efficient way
- Communicate in a clear and proactive manner
- Have a clear understanding of reserve policies
- Have a partnership mindset when interacting with the other department of the bank
- Demonstrated understanding of market analytics, including economic, credit specific, political, impacts
- You will be responsible for market making on behalf of clients
- Respond to all client inquiries throughout the trading day and execute client orders
- Participate in idea generation for client trades/investments
- At least 3 years of experience working in a trading, investment banking or research environment
- Excellent Excel skills, strong Bloomberg skills
- Support senior traders through pre-trade analysis, the development of spreadsheet tools, and upon satisfactory development the execution of trades to maximise risk-adjusted returns for the Desk
- Experience working in Credit products in a quantitative research role
- Fluency in Chinese is beneficial to the team but not essential
- Understanding of Derivative Credit products including single names and index