Northern Trust is looking to execute stock trades within area guidelines, ensure trades are handled equitably and settled properly, monitor securities prices, and conduct trading with sufficient speed and accuracy to successfully process order flow.
Requirements
- Knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment and relevant securities laws, usually acquired through on the job experience or completion of a four year degree, to ensure proper trade execution.
- Knowledge of the context in which options trading activity occurs, acquired through work experience, to execute trades with minimal impact.
- Ability to respond to market events and make quick decisions.
- 2-4 years of options trading experience.
- Series 7 and 63 licenses required.
Responsibilities
- Executes option trades with minimal market impact.
- Ensures that trade orders are executed fairly and equitably (e.g. prompt execution without bias toward originating source).
- Apprises portfolio managers and other appropriate parties of relevant information affecting securities prices (e.g. trading volume, etc.).
- Ensures that trades settle properly.
- Maintains daily broker contact to conduct options trading.
- Maintains up-to-date knowledge of applicable rules and regulations governing investments and trading.
- Adheres to trading procedures and protocols.
Other
- Receives a moderate level of guidance and direction
- Works with clients on idea generation and strategy implementation.
- Responds to client and partner inquiries as needed.
- Continues to enhance knowledge of markets and tools provided to execute.
- College or University degree.
