Broker Trainee

ICAP•New York, NY

1d•$70,000 - $750,000•Onsite

About The Position

Group Overview: The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior liquidity and data solutions. The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist. About ICAP: ICAP, part of TP ICAP group, provides a wide variety of execution and information services to wholesale market participants. We offer broking services covering a wide range of asset classes, including Commodities, Credit, Equities, FX, Money Market Funds and Rates. For each asset class, ICAP offers e-trading capability, giving clients the option to enter prices and execute trades directly via one of our hybrid electronic trading systems, or to engage with brokers who can identify and negotiate trades Role Responsibilities: Promote ICAP as a company Provide complete support to the brokers for the smooth running of the desk Ensure timely input of trades into trading systems Resolve any trade queries received internally and externally, and ensure any trade discrepancies are resolved in a timely manner Identify trade opportunities and calculate strategies Keep trade records up to date Update real-time manual/electronic whiteboards with market data Provide input on various projects for brokers and traders Provide trade details to brokers and traders on a daily basis Give live quotes to traders through the messaging systems Monitor markets and follow financial news and developments Understand the underlying products being traded and keep up to date with knowledge of new products/procedures Liaise with clients, (via telephone and face to face) to understand the business objectives of your clients as to provide a reliable and efficient broking service Develop new business with existing clients and on-board new clients following the correct process with the Client On-Boarding team Communicates effectively and efficiently to internal and external stakeholders Build relationships and networks with both internally and externally wherever possible Demonstrates strong customer focus Constructively handles disagreements to reach a resolution Shows evidence of being comfortable working in fast paced or pressured environments Promotes loyalty to TP ICAP and its principles Works ethically and shows respect for both professional and company values Excellent attention to detail, highly organized with a proactive approach Strong analytical ability and problem-solving skills Experience/Competencies Essential Proficiency in mathematics Keen interest in the financial market and economy Hard working and willingness to learn Build relationships both internally and externally wherever possible Upholds professional ethics and company values Desired Handles situations and problems effectively using own initiative Demonstrates ability to work effectively with others Seeks opportunities for improvement Demonstrates high levels of energy in seeking out and achieving new goals Ability to work effectively in a high-pressure environment; able to keep emotions under control in difficult situations Not The Perfect Fit? Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us. Company Statement We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement. Connecting clients, communities and colleagues for sustainable growth TP ICAP connects people, platforms, ideas, and insight across the world’s financial, energy and commodities markets. As a global leader in market infrastructure and data-led solutions, we enhance market access, increase efficiencies, and unlock possibilities. Work with us Joining TP ICAP puts you at the heart of markets that matter. You’ll have the freedom to innovate and act on your initiative. We’ll train you and build your abilities in your specialist area, so that you can become an expert in your field. And all within a connected network that’s there to set you up for success. More about us TP ICAP Group is a collection of premium brands each with a distinct, client-focused offering. Underpinning and connecting these client-facing brands is the financial security, operational strength and know-how we have as a Group. Connections are at the heart of what we do. We combine our people’s know-how with the latest technology to improve price discovery, trade execution and liquidity flow. Connections create strength. Through them, we help our clients to manage risk, realise investment strategies and expand the scope for growth. And connections act as a catalyst. Sparking richer solutions for our clients to break new ground, modernising markets for future performance, and creating dynamic careers for our people. Our capacity to connect builds trust, supports communities and gives us the power to anticipate and respond to change, whatever direction the world takes. It’s what makes TP ICAP a mainstay in the global markets, now and in the future. TP ICAP. We connect.

Requirements

Proficiency in mathematics
Keen interest in the financial market and economy
Hard working and willingness to learn
Build relationships both internally and externally wherever possible
Upholds professional ethics and company values

Nice To Haves

Handles situations and problems effectively using own initiative
Demonstrates ability to work effectively with others
Seeks opportunities for improvement
Demonstrates high levels of energy in seeking out and achieving new goals
Ability to work effectively in a high-pressure environment; able to keep emotions under control in difficult situations

Responsibilities

Promote ICAP as a company
Provide complete support to the brokers for the smooth running of the desk
Ensure timely input of trades into trading systems
Resolve any trade queries received internally and externally, and ensure any trade discrepancies are resolved in a timely manner
Identify trade opportunities and calculate strategies
Keep trade records up to date
Update real-time manual/electronic whiteboards with market data
Provide input on various projects for brokers and traders
Provide trade details to brokers and traders on a daily basis
Give live quotes to traders through the messaging systems
Monitor markets and follow financial news and developments
Understand the underlying products being traded and keep up to date with knowledge of new products/procedures
Liaise with clients, (via telephone and face to face) to understand the business objectives of your clients as to provide a reliable and efficient broking service
Develop new business with existing clients and on-board new clients following the correct process with the Client On-Boarding team
Communicates effectively and efficiently to internal and external stakeholders
Build relationships and networks with both internally and externally wherever possible
Demonstrates strong customer focus
Constructively handles disagreements to reach a resolution
Shows evidence of being comfortable working in fast paced or pressured environments
Promotes loyalty to TP ICAP and its principles
Works ethically and shows respect for both professional and company values
Excellent attention to detail, highly organized with a proactive approach
Strong analytical ability and problem-solving skills