Wednesday, January 20, 2010

Manager, Trading Risk Operations

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The Trading Risk Operations Manager is responsible for managing all activities of the Trading Risk Operations department. This includes managing all personnel and making effective recommendations on process improvement and trading risk mitigation to management.

ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, individual must be able to perform each essential duty satisfactorily.

· Manage trading risk to the Firm:
-by monitoring trading activity
-working with Compliance on current regulatory requirements and changes need to remain compliant and customer focused
-working with Registered Representative’s and Rep Operations to minimize and/or mitigate trade errors
· Communicate with the NFP Securities Registered Representatives and with internal staff.

· Establish measures for quality and risk control.

· Analyze department workflows and volumes and make effective recommendations for improvement.

· Establish procedures and systems for department.

· Supervise and train department personnel.

· Perform reviews and salary recommendations of department personnel.

· Handle escalated department issues.

· Supervise and monitor OATS, G-14 and TRACE reporting and processing.

· Conduct monthly status meetings on trade reporting statistics including actions taken to remedy reporting issues.

· Supervise market corrections activities.

· Work with operation departments on resolving issues involving trade related activities.

· Review daily trade blotters for completeness and potential trade issues.

· Ensure trade related reports are being reviewed, acted upon, and evidenced as required.

· Maintain accurate daily trade logs and blotters for timely supervisor review.

· Maintain daily, weekly and monthly stats as related to your daily functions and submit to the division manager weekly and/or monthly.

· Assist other positions within the department as required.

· Other responsibilities as assigned.

· Commitment to culture requires a demonstration of professionalism, accountability, customer/client focus, and teamwork.

Requirements

KNOWLEDGE, SKILLS, AND/OR ABILITIES:

* Must be able to perform duties accurately and timely.
* Must be proficient with Microsoft Outlook, Word, and Excel. Must have basic knowledge of Power Point.
* Must be able to read, analyze and reconcile trading reports.
* Must become proficient with the use of clearing firm, vendor(s) and internal programs and software within 30 days of hire.
* Must possess good analytical skills, problem solving skills and good communication skills, both verbal and written
* Must have good attention to detail.
* May be required to work overtime, as necessary.

SUPERVISORY RESPONSIBLITIES: Yes.

- Responsible for supervising personnel in the Trading Risk Operations department.

EDUCATION AND/OR EXPERIENCE:

- College degree preferred or minimum 3 years relevant experience required.

CERTIFICATES, LICENSES, REGISTRATION:

- Must hold the Series 7, 63 and 24 licenses.

- Must obtain the Series 53 and 4 licenses within 3 months of request from management.

PHYSICAL DEMAND: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

- Sitting and utilizing a computer for long periods of time.

- Standing, walking, talking, hearing, sitting, reaching, grasping, pushing, and pulling.

WORKING CONDITIONS: Climate controlled office environment.

NOTE: The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

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