Options Trading Associate

2 weeks ago


New York, United States Stifel Full time

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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