Saturday, January 1, 2011

Institutional Equity/Option Trader

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Organization Objective/Purpose:

Schwab Advisor Services is the leading provider of custodial, operational and trading support for independent, fee-based investment advisors. We're looking for individuals excited about helping advisors grow successful businesses through a proactive service focused approach.

Brief Description of Role:

The Advisor Services Equity/Option Relationship Trading Desk is a team of self-motivated trading professionals who differentiates themselves by combining a passion for service with an ability to instill confidence in our executions. This position requires each individual to provide value-added service to institutional clients, making proactive calls with news, order flow, and intelligent market information, as well as managing and coordinating order flow across multiple platforms.

In building relationships with our clients, Schwab AS Equity/Option Trading takes ownership over the entire trading process, beginning with understanding macro- and microeconomic factors impacting the market, establishing client objectives through active listening, clear communication of special handling instructions, recommendations on order handling where appropriate, timely trade reports, proactive calls with market color and intelligence from the center of execution, trade allocation, and post trade date follow-up.

The role requires the ability to manage multiple block orders via a sophisticated trading platform while providing superior service. This person must be adept in executing Institutional block order flow in both the equity and option markets while being conversant in multiple execution strategies and order routing tools.

Position may be hired as Grade 55/56, based on applicant's experience level.

Technical/FunctionalQualifications:

The successful candidate will demonstrate a strong ability to multitask, handle complex trading strategies, and manage the heightened risk profile associated with large block order handling. The candidate must have the ability to cultivate relationships with our Institutional Clients as well as our Sales and Service business partners. They will have excellent verbal and written communication skills. They will possess strong interpersonal and communication skills, and must exemplify the vision and values of Schwab.

The candidate must have five to seven years institutional equity/option trading experience. Series 7, 63 brokerage licenses are required. Series 9/10 preferred.

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