Tag: Vanguard

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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.
-Working with clients and market centers to ensure that the creation unit and risk trades are handled appropriately; ensuring the best execution standards are met based on market impact and opportunity cost variables.
-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.
-Keeping up-to-date on regulations and announcements pertaining to order handling rules, market structure, and complex investments; working with Compliance, Legal, and external agencies to ensure proper interpretation and implementation of regulatory requirements.
-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.

Requirements Qualifications

Only U.S. citizens, lawful permanent residents, or others with the permanent right to work in the United States will be considered for this position. Employment is also contingent on a successful drug-screening result.

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 or ability to within three months.
-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.

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