Trading Assistant Job Description
Trading assistant
provides operational support for all Treasury & Markets products including FX, Fixed Income, Derivatives and Structured Deposits.
Trading Assistant Duties & Responsibilities
To write an effective trading assistant job description, begin by listing detailed duties, responsibilities and expectations. We have included trading assistant job description templates that you can modify and use.
Sample responsibilities for this position include:
Knowledge of credit derivatives settlements a plus
Assists traders with orders and executes transactions as needed
Reviews trade sheets and tickets
Assists traders by disseminating research and market information
Trade booking / affirmation
Margin reporting
Break resolution
Tri-party reconciliation / allocation
Overnight / term funding
Counterparty credit line monitoring
Trading Assistant Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Trading Assistant
Typically a job would require a certain level of education.
Employers hiring for the trading assistant 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, Accounting, Education, Mathematics, Financial Services, Communication, Engineering, Management
Skills for Trading Assistant
Desired skills for trading assistant include:
Securities products
Bloomberg
EDG products
Excel
Fixed income securities
Interest rate derivatives
MS VBA and SQL would be an asset
Credit derivatives settlements
Financial instruments
Preferably FX
Desired experience for trading assistant includes:
Trade life cycle event management
Working closely with IT/Operations to constantly improve processes
Liaise with trading, sales and middle office to help resolve daily trade related issues
Review trade sheets and tickets
Maintain position records and compile analysis/reports as requested
Track and verify trades, checking accuracy of daily processed trades vs
Trading Assistant Examples
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Trading Assistant Job Description
Job Description Example
Our company is looking to fill the role of trading assistant. 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 trading assistant
- Supervise P&L report and attribution
- Maintain and develop controls around the risk and P&L process
- Monitor market activity and provide feedback to portfolio managers and support investment teams in terms of information flow, trade ideas, data requests
- Deal with day-to-day administrative issues related to trading activities and liaise with trading operations
- Provide trade allocation across funds and strategies in accordance with firm compliance policy
- Complete additional ad-hoc projects
- Answering phones, both broker wires and analyst lines, and relaying messages
- Acting as a liaison with various departments within the firm to ensure all traders are booked and priced correctly
- Coordinating the scheduling for conferences and meetings
- General administrative duties and ad hoc projects as required
Qualifications for trading assistant
- Providing assistance in management of trade orders
- Acting as a liaison with counterparties, as needed, to confirm and resolve trade issues
- Assisting in fundamental macro analysis and trade analytics
- Interfacing with middle office to verify and confirm trade entries and positions
- Interfacing with Risk and Profit & Loss Reporting Departments
- Interfacing with and supporting alternative trading platforms and analytic tools
2
Trading Assistant Job Description
Job Description Example
Our company is growing rapidly and is looking for a trading assistant. 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 trading assistant
- Performance analysis, and communication of such throughout the business
- Opportunity analysis and implementation
- Support the construction of daily/weekly performance reports
- Support the sales and customer services departments
- Learn the team’s investment products, systems, and applications
- Contributing to various risk and profitability analysis of the trading business
- Monitoring of the market making activity and portfolio risk on a systematic basis
- Parameterization of new issuances, supervision of competitors’ prices, validation of corporate action adjustments and monitoring of our automatons (hedging tool, parameterization tool, volatility fitter, algorithms,…)
- Integrating more trading oriented tasks
- Support Traders/Underwriters in the execution of their duties
Qualifications for trading assistant
- CFA or MBA (complete or in progress) a plus
- Ability to work under pressure with specified timelines and due dates
- Ability to improve efficiency and reduce complexity through process improvements
- Willingness to foster a safe and compliant work environment
- Ability to Multi-Task and achieve desired results
- Associates degree or a minimum of 2 years of relevant work experience in trading support
3
Trading Assistant Job Description
Job Description Example
Our growing company is looking for a trading assistant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trading assistant
- Works closing with the Portfolio Managers by providing assistance and support during the order generation and compliance approval process
- Handles all aspects of trading and model generation for the SMA business
- Assisting in trading operations
- Trade entry
- Maintaining trade blotter
- The primary responsibility for this position is to provide trading support to the US Rates trading desk
- Responsibilities include security set-up, trade notification, trade confirmation to brokers and resolution of trade issues
- This employee will act as a liaison to internal business partners including operations, settlements, pricing, compliance and technology
- Assist the desk to improve processes through automation
- Trade processing – new security setups, trade allocations, compliance monitoring, and handling operational issues both internally and externally
Qualifications for trading assistant
- 1-3 years of experience working in the Financial Management industry
- Must be accurate, well organized and able to work in a fast-paced environment
- One year of related experience in the mutual fund/financial services industry
- University degree a plus but not essential
- 1-3 years’ experience in a trading and/or shipping environment
- Shipping Contracts knowledge
4
Trading Assistant Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of trading assistant. 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 trading assistant
- Problem prevention – understanding potential risk areas and preventing trade or operational errors
- Be a conduit of information on the trading desk
- Relay information to/from trading counterparties
- Participate in and help prepare materials for investment team meetings
- Run daily pricing comparison between agencies correspondent investors
- Setup funded FHA and VA loans for pooling process (this has many steps)
- Lock reverse loans with investors
- Calculate commission payouts for funded reverse loans
- Reconcile purchase advices
- Request refunds from investors for any discrepancies on purchase advices
Qualifications for trading assistant
- Good communication skills in English as you would need to liaise with clients and counterparts from different nationalities
- Able to set and own agenda and adapt to circumstances
- Strong believer in process honoring
- Strong organisational skills with a proven ability to prioritise and meet deadlines
- Knowledge of fixed income cash-pay bonds and derivatives
- Able to work accurately at a rapid pace with multiple priorities and deadlines
5
Trading Assistant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of trading assistant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for trading assistant
- Lock Freddie ARMs with investor
- Run weekly ARM pipeline
- Send weekly reports to all of our warehouse lines
- Ticket entry for all corporate and structured trades GA and SA
- Tools needed – Understanding of XIP
- Keep Portfolio Managers abreast of corporate actions affecting securities held by clients
- Take appropriate action based on Portfolio Managers’ input Portfolio
- Compile research as needed for Portfolio
- Prepare materials for Investment Committee meeting on a weekly basis
- Maintain all lists regarding additions and deletions
Qualifications for trading assistant
- Proficiency in all Microsoft Office Suite programs
- Knowledge of mortgage products and loan characteristics
- Knowledge of mortgage loan origination systems
- Knowledge or hedging TBA's and taking out commitments for Fannie/Freddie
- Knowledge of Ginnie Net
- 2 years' experience in the mortgage industry in a similar role