Job Overview:
As a Sr. Equity Trader you will be engaging with both Financial Advisors, assistants and their end clients. Traders will also make outbound calls to Advisors regarding trades, corrections, and even education. Additionally, the successful candidate will develop relationships with 3rd party market centers and executions platforms as well as other internal departments within LPL including Product, Compliance, Purchase & Sales, Licensing & Registration, Business Development and others all with the goal of providing first-class equity and options trading support. You will be supporting other equity traders as well. We expect Sr. Traders to become subject matter experts and have the ability to understand multiple products and the risks, fees, and differences between them all. Traders must also understand and be able to explain the regulatory requirements and LPL Financial policies that govern the products we support and ensure compliance with product guidelines, LPL Financial policies and regulatory requirements. Being flexible and adaptable to competing priorities will be one of the key success factors for this position.
Responsibilities:
• Provide guidance and assistance in all aspects of equity and option trading resulting in the best possible execution
• Assist in resolving trade and settlement issues by working with the market centers, exchanges, and back office as needed. You will also liaison with third-party money managers, Registered Investment Advisors and Institutional Traders to provide exceptional equity and option trading support
• Will be responsible for reviewing and approving large trades for the trading team. You will be accountable for your trade execution quality and are expected to review your blotter after the close daily
• Providing support, guidance, and training for junior equity traders
• Able to handle and resolve escalated calls and issues
• Think outside of the box and leverage all means possible to find ways to create efficiencies on the desk
What are we looking for?
We want a strong collaborator and leader who can deliver a world-class client experience. The candidate should be able to guide and support other traders on the team. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement. LPL is looking for traders that also have the necessary soft skills on the phone to break down complex subjects and educate Advisors on workflows, strategies, and best practices. The candidate should be of high integrity and have the ability to keep risk management front and center while making quick decisions.
Requirements:
• Deep knowledge of equity and option markets
• Thorough knowledge of market place rules and regulations
• Demonstrated high degree of accuracy and attention to details
• Excellent customer service skills with the ability to listen and communicate in a clear and concise
•• FINRA Series 7 & 63 or 65 licenses required.
• FINRA Series 55 or 57 license required or obtained within 90 days
Preferences:
• 4+ years of trading desk experience strongly preferred
• Series 4 & 24 licenses preferred
• Knowledge and experience with Review & Release
• Experience trading in BETA strongly preferred
• Experience with OMS or EMS strongly preferred
• Knowledge and experience with RFQ platforms
• 3 to 5 years working with and/or supporting financial professionals
• Must be able to work productively in both a small and large group setting
• Experience with algorithmic trading
• High school or equivalent diploma; Bachelor's degree preferred
Pay Range:
$86,726.00 - $144,612.00
Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play - such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
