Trading Associate Job Description
Trading associate
provides code reviews to assess overcall code quality and flexibility, and the application of good object oriented programming techniques.
Trading Associate Duties & Responsibilities
To write an effective trading associate job description, begin by listing detailed duties, responsibilities and expectations. We have included trading associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Control legal ledger, products and street-side/regulatory requirements
Reconcile between trades cleared on behalf of GS and other broker-dealers
Reconcile of GS books and records to exchange contracts
Interacting with global teams in US, EMEA, and Asia Ex-Japan to report and escalate risks and issues
Provide content (on a daily basis) and actionable trading ideas to help enhance and differentiate the franchise
Maintain and strengthen client relationships by establishing daily dialogue in addition to advising clients on key situations
Perform proprietary research functions including building financial models, creating quantitative analyses, and talking to company and industry experts
Assist senior equity traders and clients in understanding industry trends and company specific news
Identify investment ideas and help manage risk for the Sector book
Assist senior risk managers with fundamental and/or quantitative analysis on equity blocks and secondary market transactions
Trading Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Trading Associate
List any licenses or certifications required by the position: CPA, CBAP, CCIE, SEC, CCBA, FSCM, CFA
Education for Trading Associate
Typically a job would require a certain level of education.
Employers hiring for the trading associate 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, Engineering, Computer Science, Mathematics, Accounting, Financial Services, Statistics, Education
Skills for Trading Associate
Desired skills for trading associate include:
Algorithms and design patterns
Data structures
Object oriented programming
Java programming concepts
Risk and valuation
VBA
Credit products/markets
UNIX/Linux environment
Agile software development environments
US markets and indices TD Ameritrade products and services would be an asset
Desired experience for trading associate includes:
Bachelors degree is required - preferably business major (finance, economics)
Motivated, high energy individual who works well under pressure and who is control and process efficiency oriented
Committed and hardworking with a strong ability to prioritize as this role will be demanding in both terms of quantity and pressure of work
The ideal candidate will have a University degree or college diploma with a business focus and must be an enthusiastic, motivated team player with excellent communication and interpersonal skills
Must demonstrate high levels of professionalism and maturity
Ability to quickly assimilate and understand the systems and applications utilized
Trading Associate Examples
1
Trading Associate Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of trading associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for trading associate
- Exchange traded option (ETO) market-making
- Management of rate curves/parameters for option pricing
- Tactical front office development
- Independently executes all asset allocation modeled account maintenance requests from portfolio managers and financial advisors
- Responsible for executing investment model updates and changes received from internal and external strategy teams across institutional and personal trust accounts
- Monitors, identifies, and corrects any account level cash or position deviations from the model
- Works with traders and brokers to ensure timely settlement of all trades
- Prepares several trading reports and presents to the Head of Trading
- Application Developer responsible for the implementation and support of PWM's trading & trade flow infrastructure
- Develop and support various PWM trading platform components such as order management and execution systems for multiple asset classes
Qualifications for trading associate
- Ability to compute mathematical transactions with a high degree of accuracy
- The The Trading Associate must develop through on the job training and complete the Series 7 and Series 63 accreditation process within a specified time frame
- Linux systems programming including memory management, concurrent programming infrastructure, and the networking stack
- Distributed server software
- Project management and software development practices
- SQL, Perl, Python, Regular expressions
2
Trading Associate Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of trading associate. 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 associate
- Manage day to day account issues including excesses, urgent requests (amendments) processing payment approvals and reallocations
- Minimum 2 years program or sales trading experience
- Assist in supporting the compliance program
- Work with static data teams to update internal systems to ensure timely trade capture
- Identify system process gaps and communicate tactical recommendations to management
- Development – Design, build and deploy critical trading applications, including intraday risk management and position keeping, trade booking, pricing and EOD processing applications
- Development will be in a proprietary language (Slang/SecDB), in Java and web technologies
- Work with Senior Operations Technology stakeholders to execute regulatory logic through a single shared service
- Hands on technical design and development from a technical perspective
- Support of legacy systems
Qualifications for trading associate
- Data driven performance analysis and optimizations
- Candidates with a GPA (or equivalent) of 3.5 and above
- Recent university graduate with excellent academic record
- Strong worth ethic, high levels of internal motivation and willingness to learn
- At least four year experience in a bank syndications unit
- Has relationships and traded loans with LatAm banks
3
Trading Associate Job Description
Job Description Example
Our innovative and growing company is looking for a trading associate. 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 associate
- Face-off to Senior Business stakeholders
- Development of applications
- Work alongside senior trading staff, learning to operate our business
- Make markets for customers and generally transact in interest rate swaps and options
- Hedge new and existing trades using derivatives and securities
- Do detailed, in-depth analysis of new and existing positions for the purpose of pricing and risk management
- Work with structuring and sales personnel to identify and evaluate potential opportunities
- Provide market color and maintain relationships with our customers
- Work alongside Legal, Compliance, and Operations groups to evaluate documentation terms, enact proper trade capture, and correct and resolve discrepancies
- Help build and maintain desk tools and processes for business tracking and risk management
Qualifications for trading associate
- Some Java development experience
- Professional experience working with a front office e-trading business
- Academic background in a quantitative or technical discipline
- Advanced coding (Python, C++…) and software design skills
- Understanding of basic financial mathematics
- Comfortable managing multiple stakeholders, demonstrating initiative and showing commercial impact
4
Trading Associate Job Description
Job Description Example
Our company is looking for a trading associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for trading associate
- Serve as a liaison between Correspondents and Market Centers by researching trade and execution issues
- Assist Correspondents with busting trade errors, average pricing and allocating trades while serving as a resource for customers who have trading questions
- You would accountable for ongoing training of Correspondents and overseeing Discrepancy reports
- Pricing, hedging and managing risk for program trading and in the synthetics space (ETFs, swaps and futures)
- Managing ETF NAV trades versus clients and brokers on a daily basis
- Execute client synthetics orders
- Work with Strats on enhancing infrastructure related to trading workflows and risk management
- Be an integral part of the strategic development of the desk through related project based work
- Increase the efficiency of the desk through improvements in tactical processes (write text)
- Liaise with our Quant team to maximise practical utilisation of available functionality
Qualifications for trading associate
- Candidate should be driven, demonstrate initiative, be technical and commercial-minded
- Experience in Quantitative Finance and/or Computer Science
- Knowledge of systematic trading strategies
- Knowledge of developing scalable solutions
- Core Java or C#, Unix, Sybase (or similar RDBMS), any J2EE application suite (which includes but is not limited to technologies like JBoss, Weblogic, RMI, EJB, Servlets, Hibernate, HTML/DHTML)
- Experience developing real-time, multithreaded, multi-tiered & distributed Java applications is a plus
5
Trading Associate Job Description
Job Description Example
Our innovative and growing company is looking for a trading associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for trading associate
- Have close and business oriented contacts with other traders, engineers, sales and clients
- Set up clear and accurate pricing methodology and provide up to date parameters to the engineers and the sales teams
- Manage risks in a proactive and efficient way
- Communicate in a clear and proactive manner
- Have a clear understanding of reserve policies
- Have a partnership mindset when interacting with the other department of the bank
- Demonstrated understanding of market analytics, including economic, credit specific, political, impacts
- You will be responsible for market making on behalf of clients
- Respond to all client inquiries throughout the trading day and execute client orders
- Participate in idea generation for client trades/investments
Qualifications for trading associate
- At least 3 years of experience working in a trading, investment banking or research environment
- Excellent Excel skills, strong Bloomberg skills
- Support senior traders through pre-trade analysis, the development of spreadsheet tools, and upon satisfactory development the execution of trades to maximise risk-adjusted returns for the Desk
- Experience working in Credit products in a quantitative research role
- Fluency in Chinese is beneficial to the team but not essential
- Understanding of Derivative Credit products including single names and index