Junior Trader Job Description

Junior Trader Job Description

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Junior trader provides effective execution of cash markets with active experience in auctions and syndications alongside strong capabilities in e-trading.

Junior Trader Duties & Responsibilities

To write an effective junior trader job description, begin by listing detailed duties, responsibilities and expectations. We have included junior trader job description templates that you can modify and use.

Sample responsibilities for this position include:

Addressing liquidity, portfolio, and strategy rebalancing other strategy level tasks
Working with the European and Emerging Market Portfolio Management teams in GSAM Fundamental Equity
Working with the Quantitative Equity and Quantitative Investment Strategy teams in NY
Execution of single stock, programme trades, and equity derivatives in all EMEA equity markets
Providing news and market information to PM’s and analysts
Working with Portfolio Construction in trade generation and cash management
IPO and placing administration
Co-ordination with Operations and Compliance
Involvement in account implementation
Working with IT on system development

Junior Trader Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Junior Trader

List any licenses or certifications required by the position: DV360, CFA

Education for Junior Trader

Typically a job would require a certain level of education.

Employers hiring for the junior trader job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Engineering, Business, Mathematics, Computer Science, Science, Math, Statistics, Physics

Skills for Junior Trader

Desired skills for junior trader include:

Aladdin trading platform
Financial markets
Freight orientated estimation and operational software
Overnight markets
Yield curves
Database
Financial markets for example repo’s
Microsoft office applications
Python
Threading and parallel programming

Desired experience for junior trader includes:

Detailed understanding of and experience with the intricacies of the US markets and regulatory requirements
Understanding of collateral trading, collateral upgrades/swaps
Triparty repo working knowledge
Strength and demonstrable knowledge of non dollar financing markets
Have a high level of drive and commercial acumen, coupled with a willingness to take responsibility
Be competitive, hard working, driven by success and committed to quality output

Junior Trader Examples

1

Junior Trader Job Description

Job Description Example
Our company is looking for a junior trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for junior trader
  • Daily risk and P&L reporting to support areas and senior management
  • Accepting client and interbank transactions, booking trades and making sure those accurately reflect the risks undertaken by the trader/desk
  • Managing short dated cash balances (for the deliverable currencies, especially MXN)
  • Supporting trader(s) when managing fixing risks for the NDF currencies and crosses (mainly BRL, CLP, COP, PEN and ARS)
  • Facilitating the communication between the different trading desks and also between trading and sales
  • Daily control and monitoring of complete deal set including active positions and associated equity portfolio exposures
  • Contribute to the growth of the business via the identification of new trade opportunities and counterparties
  • Monitoring and managing risks within the business, including liquidity and credit risks around inventory settlement and trade life cycle
  • Providing top quality service to internal clients by optimising their funding outcomes and maximising savings on SBL and collateral costs
  • Maintain a high level of professionalism and competitive pricing to enhance the Bank’s profile within the market place and amongst our client base
Qualifications for junior trader
  • Capacity to make rapid decisions and perform under pressure
  • Frugal and resilient business builder with a minimum of 3 to 5 years US equity finance experience
  • Knowledge of equity finance related markets (such as warrants, prime broking, index arbitrage, loans and deposits, FX and interest rate forwards and swaps) is advantageous
  • The ability to cooperate and work effectively in a team environment
  • Tertiary (or post tertiary) qualifications in Engineering, Maths, Finance
  • Minimum of 2 years’ experience in a trading role
2

Junior Trader Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of junior trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for junior trader
  • Ensures correct ticket entry and order routing, maintains communication with middle office in resolving any settlement problems, ensures ticket entry completion and provides general trade support, as necessary
  • Participates with portfolio managers in the Emerging Markets team investment process
  • Analysis of European bank credit risk, regulatory risks, event risk
  • Analysis of relative value opportunities across bank capital structures and across multiple currencies
  • Advise clients on credit developments and relative value opportunities through written commentary, phone calls, meetings and presentations
  • Brief colleagues in sales and trading regularly on key credit themes and developments
  • Reconciling trading desk positions, confirmations, and monitoring global order book
  • Assisting in the clearing and hedging of short end rates risk and running short end matching systems
  • Execution of funding roll positions
  • Capturing of trades in risk management systems
Qualifications for junior trader
  • Maximum 3 years banking experience
  • Graduate trainee level role within the Guernsey based Trading Room to assist with operating the treasury, securities finance and repo books, employing funds within authorized limits
  • A good understanding of Equity and/or Fixed Income markets
  • A knowledge of Equity Products
  • A good understanding of Derivatives
  • Able to perform in a pressured environment
3

Junior Trader Job Description

Job Description Example
Our growing company is looking to fill the role of junior trader. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for junior trader
  • Collation and compilation of intra-day and end of day commentaries
  • Act as key liaison between trading desk, sales desk and operations including expertise on middle office systems
  • The quick resolution of queries that may arise
  • Developing STP solution to reduce risk and increase operational efficiency
  • Targeted risk taking over time in line with structured limits
  • Directly support the e-credit trading platform for Cash & CDS across the entire firm
  • Trade rolls for CDX/CDS and own specific process refinement for broader implementation
  • Refine & create new reporting formats that drive informational advantages in the trading space
  • Develop institutional knowledge of the e-credit trading marketplace
  • Participate in Aladdin development for innovative trading solutions
Qualifications for junior trader
  • Possess tertiary qualification
  • Candidate with PPKM license will be an added advantage
  • Good teamplayer & Communication skills
  • As part of Structured Products Trading, you’ll be exposed to structured interest rates and inflation products via the offering of combination products joining the two asset classes with structured credit products
  • Technical understanding of Brazilian fixed income markets such as bd/252 day count convention, IR swaps and NDF pricing using onshore curves traded on the local exchange (BM&F)
  • Ability to use tools for building/extrapolating zero interest curves given market inputs under different methodologies (linear, flat forward, spline, etc)
4

Junior Trader Job Description

Job Description Example
Our growing company is looking for a junior trader. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for junior trader
  • Learn and master delta one products, pricing, risks and hedging
  • Help with the operation of the activity with major operational tasks
  • Monitor the daily production tasks and improve our setup
  • Further improve the tools used to price and analyze client transactions, optimize inventory usage, improve balance sheet profitability and manage funding constraints
  • Help traders in the monitoring of the market environment by collecting news and intelligence in order to provide the facts on which to base trading decisions and products pushes, this includes Repo, Funding and Dividends parameters
  • Assist in negotiating loan pricing with counterparty institutions, including open book trading drips/scrips activity
  • Handle trade on the day ahead and intraday markets to balance our traded and end-user positions in Denmark, the UK, France, Germany and the Netherlands
  • Nominate our trades towards system operators
  • Engage with the rest of the team in improving our operational and analytical set-up through participation in development projects and tasks
  • Monitor and decide on short-term trading strategies for our extensive offshore wind portfolio
Qualifications for junior trader
  • Calculating, interpolating and analysing implied yields
  • General understanding of the macro-economic landscape and keeping up to date with key market drivers within the region
  • Analytically strong, keen attention to detail, ability to communicate clearly and well read on macroeconomic themes and world affairs
  • Basic understanding of fixed income markets
  • Ability to process new information quickly
  • Proficiency in Microsoft Excel, VBA, MATLAB, FINCAD and/or C++ strongly preferred
5

Junior Trader Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of junior trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for junior trader
  • Entry Level position performing routine duties to support client investment management operations
  • Setup and maintain databases and client files, process and confirm trades, research routine errors, failures, and inquiries
  • Resolve discrepancies and takes action on routine matters and inquiries from clients and other departments
  • Assisting in the clearing and hedging of securities risk and running matching systems
  • Developing STP solutions to reduce risk and increase operational efficiency
  • Actively trade and analyse the aluminium market
  • Contribute to competence building regarding price risk management across the organization
  • Ensure good cooperation and communication between key units in a broad value chain
  • Work actively in dealing with banks and brokers
  • Help in the setup of quantitative trading models
Qualifications for junior trader
  • A well-developed understanding of equity markets in Asia and Europe, deep understanding in TRS, FX and interest rates
  • Relevant professional/regulatory qualifications
  • Up to 2 years institutional trading experience, understanding of main aspects of trading/compliance
  • A tertiary qualification in Mathematics, Economics or a related discipline
  • Previous relevant work experience on a Rates desk in a dealing room
  • Solid knowledge of markets and products

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