Trade Processing Associate

Job Summary

Under limited supervision, uses specialized knowledge and skills in the financial services industry obtained through education, experience, specialized training and/or certification to provide support to the trading team(s) within Equity Capital Markets. Aids in the supervision of the desk including order entry, trade reconciliation, documenting errors, and reconciling systems. Works on projects of moderate scope and complexity and is a key player in client onboarding for ECM. Some guidance is provided to perform varied work that is somewhat difficult in character requiring evaluation, originality and ingenuity to make moderately complex decisions Regular contact with internal departments and clients is required to identify, research and resolve problems.

Essential Duties and Responsibilities

• Support the trade processing functions of either the Equity or Options desk (as applicable to assigned area).

• Responsibilities may include maintenance of trade order entry systems and research and resolve trade differences and trade processing problems.

• Know Your Client (KYC) point person for US Domestic Sales and Trading. Responsible for the activities of customer due diligence that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information. Ensure that the correct client information is captured.

• Provides assistance to senior associates and management for Raymond James Institutional Equity Options business or Institutional Equity business (as applicable to assigned area).

• Contact internal and external customers to resolve trading problems.

• Assists in researching trade problems and suggests appropriate corrective action

• Ability to work across Equity functions to provide variety of support when needed.

• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Knowledge of

• Concepts, practices and procedures of securities trading.

• Intermediate investment concepts, practices and procedures used in the securities industry.

• Trade reconciliation and reconciling systems.

• Technology software used in the securities industry: Brass and Bloomberg, and additionally WEX, Precise, Trax, OCC Encore for Options Trading, if applicable to assigned area.

Skill in

• Updating and maintaining programs and databases.

• Identifying financial events that effect orders.

• Monitoring trading activities for adherence to organizational policies and procedures.

• Incorporating appropriate technology into the business process.

• Operating standard office equipments and using required software applications, sufficient to create documents, spreadsheets, and business correspondence.

Ability to

• Analyze and solve problems.

• Communicate effectively, both orally and in writing with associates, and internal and external customers.

• Work independently as well as collaboratively within a team environment.

• Handle stressful situations and lead others in providing a high level of customer service in a calm and professional manner.

• Attend to detail while maintaining a big picture orientation.

• Establish and maintain effective working relationships at all levels of the organization.

Educational/Previous Experience Requirements

• Bachelor's degree in Finance, Economics, Accounting or equivalent and a minimum of two (2) years of financial services industry experience.
• OR ~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

• FINRA Series 7, 55, and 63 preferred but not required.