Equity Trading Director

Truist Bank • New York, NY

5d

About The Position

The Equity Trading Director leads a team that includes Equity, Event-Driven, and Convertible Sales professionals who partner closely with Research and Trading to deliver the firm's platform to a broad institutional client base. The role builds and manages client relationships, identifies investment opportunities, markets research and trade ideas, and drives revenue growth through differentiated client coverage and execution services.

The position manages equity traders, overseeing revenue, risk, and loss ratios; evaluates teammate performance and staffing; and maintains a pipeline of talent. It also involves delivering Truist research to clients, executing client orders, managing risk in line with Truist’s purpose and goals, managing relationships with buy-side head traders, reconciling daily profit and loss reports, reviewing trade blotters and approvals, resolving outstanding items, and monitoring and approving daily advertising reports.

Level-specific duties include delivering Truist research to senior traders, developing client relationships and sector knowledge in collaboration with research analysts, building understanding of capital deployment, and monitoring senior traders’ positions while performing market making in their absence. The annual base salary for this position in New York is $300,000.

Requirements

• BS, BA, MBA, or CFA.
• 5–10 years of trading experience.

Nice To Haves

• MBA or CFA.
• 10+ years of trading experience with deep client relationships.

Responsibilities

• Manage equity traders to maximize revenues while managing risk and loss ratios.
• Continuously evaluate teammate performance and ensure proper staffing levels for market conditions.
• Stay abreast of talent in the marketplace and maintain a pipeline of potential replacements.
• Deliver Truist research to clients on a daily basis.
• Execute client orders and manage risk in alignment with Truist’s purpose and goals.
• Manage and build client relationships with buy-side head traders.
• Reconcile daily profit and loss reports.
• Review trade blotters and approvals daily and resolve outstanding items.
• Monitor and approve daily advertising reports.
• Deliver Truist research to senior traders on a daily basis.
• Develop client relationships.
• Develop knowledge and understanding of covered sectors by working with research analysts.
• Develop the ability to recognize and understand deploying capital.
• Maintain and monitor senior traders’ positions and perform market making in their absence.
• Identify investment opportunities, market research and trade ideas, and drive revenue growth through client coverage and execution services.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment coverage
• Tax-preferred savings accounts
• 401(k) plan
• At least 10 days of vacation during the first year, prorated as applicable
• 10 sick days, prorated as applicable
• Paid holidays
• Depending on position and division, may be eligible for a defined benefit pension plan, restricted stock units, and/or a deferred compensation plan

What This Job Offers

• Job Type: Full-time
• Career Level: Director