Junior Sales Trader

About the role

We are looking for a Junior Sales Trader to assist the derivatives sales and trading team and will play a crucial role in supporting our Concierge Desk and electronic Equity Options ATS trading platform. This role will ensure the smooth execution and settlement of trades and provide exceptional client service. This role will work in our New York office located in the financial district.

Responsibilities

• Assist SpiderRock’s NY Sales and Trading team with order handling and execution of client equity orders.
• Work closely with our sales teams to support overall client coverage both on our ATS and NY Concierge Desk with multiple Client Access points.
• Establish strong relationships with current and prospective clients.
• Manage order flow across multiple execution paths both high and low-touch.
• Support the ATS Trouble Desk – Middle office concentrating on Customer Breaks, Affirmation, and Settlement issues on a timely basis in both US Stock and Options.
• Facilitate client ATS training, feedback, and routing orders.
• Reconcile trade flow from initiation through clearing, including internal components and back to the fully disclosed clearing banks and brokers.
• Triage and escalate technical issues to appropriate teams.
• Investigate and address settlement and trading failures to minimize all market and operational risk.

Requirements

• Bachelor degree in finance, economics, business, math, or equivalent professional work experience
• 1 - 5 years’ experience in the financial services industry, preferably in derivatives trading or middle office role
• Deep knowledge of options and listed equity derivatives
• Understanding of US listed Equity Options Market structure, exchange clearing, and settlement process
• Series 7, 63, and 57 are required or expected to attain within 6 months of hiring
• Experience of Microsoft applications (Word, Excel, PowerPoint)
• Experience with sales and trading tools (i.e. Bloomberg) and other communication tools (i.e. Ice Chat), Order Management and Trading Systems (i.e. Trafix OMS)
• Strong work ethic and attention to detail
• Independent project and time management
• Professional, motivated attitude
• Strong interpersonal skills