Risk Trader

1 month ago

Baltimore, Maryland, United States Stifel Financial Full time

Summary

The Risk Trader continually generates consistent positive revenue by buying or selling debt products at favorable prices so as to be able to buy or sell these same debt products to ultimate retail (Private Wealth Management) customers, through a Financial Advisor, ensuring compliance with relevant regulations and firm policies. Trading is almost exclusively customer-based as opposed to proprietary trading. The trader establishes the bid and offer prices for customer inquiry, managing risk associated with the long and short position, managing P/L associated with the aggregate position and marking-to-market the position each day.

Essential Duties & Responsibilities

  • Responsible for making securities available for sale to Stifel clients through the marketing and offering of those products through Stifel Advisors. This also includes bidding on securities for those clients looking to liquidate securities. May be required to use the firm's capital to buy and sell securities using assigned inventories.
  • Expertise in their product area and can act on their own to deal directly with Advisors, other dealers, and trading platforms to either commit firm capital in risk trading or determine which offerings to show on our trading platforms where risk is not necessary. Has the ability to act independently in their designated product area, but in conjunction with the objectives set out by the Managing Director/Head Trader in the particular product area. Responsible for hedging their inventory risk-this is often done in conjunction with the Managing Director/Head Trader in the product area.
  • Reports directly to the Managing Director/Head Trader in their assigned product area. Work within the inventory limits set by the Senior Managing Director and Managing Directors in each inventory number.
  • Abide by all trading rules such as aging limits, fair value, mark-up/mark-down, PMP, and fair representation of the benefits and risks associated with all marketed securities. Besides the policies and procedures of Stifel, should be completely aware of and in compliance with all FINRA, TRACE, MSRB, SEC, and state and federal laws as they relate to the securities industry and the products they trade.
  • Will be aware of and report suspicious trading activity that may be a violation of rules, policies, or procedures directly to their Managing Director/Head Trader.
  • Responsible for the accuracy of every trade they do and make appropriate corrections when necessary.
  • Responsible for marketing their products in a fair and reasonable basis that is never misleading. The number one responsibility of a Risk Trader is to service the needs of Stifel's Financial Advisors as they help their clients meet their investment objectives.

Qualifications

  • Must have a complete understanding of the capital markets, with a deep understanding of the products they trade.
  • Must be able to "make 2-sided markets" in their product area with complete confidence that they know their markets are accurate.
  • Must also be able to operate in a very competitive market place where a missed price trade could result in thousands of dollars of losses.
  • Must be able to manage their inventory and not lose money in the process. It is actually expected that a good trader can take money out of the market place(other dealers) and make trading profits for the firm.
  • Must be able to communicate clearly both verbally and in writing.

Education & Experience

  • Minimum Required: 4 year degree, preferred in Finance, Economics, or Business related field or equivalent combination of education and experience.
  • Minimum Required: 4 years industry experience or two years Assistant Risk Trader experience.

Licenses & Credentials

  • Minimum Required: 7, 63, 55 (if equity trader).

Systems & Technology

  • Proficient in Bloomberg, Microsoft Excel, Word, PowerPoint, Outlook.
  • Proficient in TradeWeb/BondDesk, and any other trading platforms required by the products they trade such as MarketAxes, IPREO, TREPP, and FIDESSA to name a few.

About Stifel

Stifel is a more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let's talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel is an Equal Opportunity Employer.



Stifel is committed to providing equal employment opportunities (EEO) to all associates,

applicants for employment, and individuals providing services in the workplace without regard to

actual or perceived race, color, religion, creed, gender, pregnancy (including childbirth, lactation,

child-bearing capacity, sterilization, fertility, past pregnancy condition and the potential or intention

to become pregnant and related medical condition), sexual and reproductive health decisions, sexual

orientation, gender identity and gender expression (including transgender individuals who are

transitioning, have transitions, or are perceived to be transitioning to the gender with which they

identify), national origin, ancestry, age, disability, weight, genetic information, marital status,

citizenship status, familial status, homelessness (i.e., lack of a permanent mailing address or a

mailing address that is a shelter or social services provider), status as a covered veteran or any

other protected criteria in accordance with applicable federal, state and local laws. Stifel complies

with applicable state and local laws governing non-discrimination in employment applicable to

each location in which the Firm operates. Stifel strictly prohibits any form of unlawful

discrimination.

Equal opportunity extends to all aspects of the employment relationship, including hiring,

transfers, promotions, training, termination, working conditions, compensation, benefits, and other

terms and conditions of employment. All Stifel associates are responsible for implementing this

EEO policy in their daily actions, conduct and decisions. All associates are expected to treat each

other with respect and professionalism.

Stifel is an Equal Opportunity Employer.

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