Sunday, October 23, 2011

Equity Options Trader

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Vanguard, one of the world's largest investment management companies and a recognized employer of choice, seeks a trader to handle all aspects of complex and large block orders requested by clients. In this role, you¿ll minimize risk by maintaining a high level of knowledge of investment products, policies, and procedures.  You¿ll also act as a technical resource for management and crew within and outside the department.

Your primary duties and responsibilities will include:

-Interacting with clients who wish to place complex and large block orders for domestic & foreign equities, options, ETFs, and other investments; educating clients on market dynamics (volatility, order types, size/volume) to ensure the clients' orders receive the best execution.
-Handling client orders that require additional regulatory reporting, i.e. ESOPs, restricted, and control person (144) stock sales.
-Maintaining a solid understanding of international equity markets; must be able to communicate to clients all of the applicable taxes, commissions, and currency conversion risks associated with foreign markets.
-Handling complex option orders, i.e. spreads, straddles, collars, etc; must also be able to educate clients on complex option strategies and be a resource for the department for all option questions.
-Minimizing risk by maintaining a high level of knowledge of market structure, investment complexities, and Vanguard Brokerage Services (VBS) policies and procedures. 
-Developing and maintaining relationships with market centers and other vendors for the benefit of VBS and its clients.
-Assisting the team and management in resolving trade system outages by mitigating market exposure, reducing risk to the business, and offering guidance on appropriate contingency actions.
-Identifying trends and working independently as well as with others to improve the Trading processes and procedures.
-Contributing to a positive and productive environment; coaching less-tenured crew with complex order entry; continually striving to assist the team and individual peers in meeting departmental goals. 
-Participating and/or leading special projects and performing other duties as assigned.


The ideal candidate should possess:

-An undergraduate degree or equivalent combination of training and experience.
-A minimum of three years¿ industry work experience.
-FINRA Series 7 and 63 licenses. Strong interpersonal skills. Excellent oral and written communication skills.
-Demonstrated ability to work independently and make sound decisions involving high-risk situations under demanding conditions.
-Knowledge of securities industry.
-Excellent attention to detail, analytical, and problem solving abilities.
-Flexibility and excellent time management skills.
-May be required to work extended hours due to business needs and/or market factors. 

Note: Vanguard is not providing visa sponsorship for this position. Additionally, employment is contingent on a successful drug-screening result.

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