Institutional Equity Trader

TD•Toronto, ON

4d•CA$140,000 - CA$185,000•Onsite

About The Position

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day. The Equity Sales Trading team represents institutional clients on the equity marketplace via research, trade ideas, identifying new market trends, trade orders, risk management and providing expert analysis on market conditions. The role will report to Managing Director, Head of Canada Cash Equity Trading. The Institutional Equity Trader of TDS Equity Sales and Trading will work on the institutional equity trading desk, responsible for client facilitation along with other investor and corporate coverage responsibilities. The Institutional Equity Trader of TDS Trading ensures positions are within approved limits while maintaining and enhancing the Banks profile and market share. This position is fully informed on market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability through sound and well informed decisions. The position also develops and maintains contacts with market participants, generates content and ideas, and leverages the broader platform to enhance our market position. Position liaises closely with the banks other operations in Canada, Europe, Asia Pacific and the U.S. to assist in meeting the Banks objectives.

Requirements

5+ years related experience
Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics
Canadian and US equity licenses, including Series 7 and 63 licenses

Responsibilities

Position is fully informed on market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability through sound trading decisions.
Position develops and maintains contacts
Ensures that transactions are fully documented and processed accurately and in a timely manner
Strict adherence personally and at a desk level to the firm's procedures
Communicates bank, policy information and strategy between the product head and relevant trading personnel
Is aware of and understands the approved Business Strategies (Strategic Business Reviews SBR's), applicable to your business, and ensures that all business dealings are in alignment with these strategies
Follows the Market Risk Policies applicable to the business and is responsible for being aware of and understanding the approved Trading Strategies (associated with the respective Market Risk Policies) applicable to the business, and ensures that all of your trading activity is in alignment with those Strategies
Follows Credit Risk Policies and procedures, as they apply to your business and are responsible for being aware of and understanding such policies and procedures and ensuring that applicable sales and trading activity is in line with those policies
Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices
Establishes an environment that promotes respect for the individual employee and adheres to the policies and Guidelines of the Bank
Directs, trains, and develops staff to enable them to meet challenges, department objectives and achieve full potential
Works with Human Resources to recruit staff with the correct level of skills and competencies, adhering to the Banks recruitment procedures and best practices
Manages the performance of the team globally ensuring staff have clear pre-set objectives and gets regular feedback on their performance
Ensures performance appraisals are conducted in line with the firms policy and standards
Provides leadership, direction, advice and guidance to the team, thus maintaining high levels of integrity, motivation and morale
Maintains staff competence by ensuring that staff skills or knowledge gaps are met with appropriate training and development, so they are able to perform to their maximum capability and fulfill their potential
Initiates actions to further improve your own and the teams skills and performance.
Continuously looks for opportunities for professional development
Demonstrate TD's Leadership Profile in all professional and personal activities