Trader I

Amerantbank•Coral Gables, FL

4d•Onsite

About The Position

Trader is responsible for all away from Pershing executions, sales-trading services to active customers, security structure and market analysis, and provision of recommendations.

Requirements

Must be a team player, have the ability to work under pressure, have a professional image and be able to resolve problems and conflicts.
Must be able to prioritize work and effectively manage time and have the ability to manage change.
Must possess basic business communications skills such as advanced writing, listening and have basic office and mathematics skills, and customer service skills.
Possession of professional skills such as report writing, advanced statistics, effective presentation skills, creative skills, budgeting and conducting effective meetings and research assessment are required.
Bachelors Degree in Finance, Administration or Business
3 years of relevant experience (Treasury, Trading or Execution desk)
Previous experience with Lotus Notes, Internet and MS Office Skills, including MS Word Advanced, MS Excel Advanced, MS PowerPoint Advanced, MS Project Level II and MS Visio Level I required.
Bilingual (English/Spanish).
Series 7 (after 180 days).
Bloomberg: Execution and Information.
Knowledge of the Organization, Knowledge of MCB Products and Services, Basic Abilities, Knowledge of US laws and regulations, Communication Skills, Professional Skills, Managerial Skills, Workforce Management, Strategic Planning, Risk Management, Dexterity with PC Applications

Responsibilities

Responsible for the firm’s execution function related to all non-Pershing trades, mainly fixed income. Other execution responsibilities may include structured products, hedge funds, mutual funds and non-Pershing foreign exchange
Keep abreast of markets and security structures in order to provide analytical based recommendations
Must follow detailed operational procedures while making sure Investment Consultants have also followed such procedures before accepting an order
Must follow procedures related to best execution rules: Rule 2320(g) documenting all counterparties reviewed and prices offered
Must make any reasonable effort to report eligible trades so firm is in compliance with TRACE reporting rules (Rule 6230)
Provides day-to-day market insights to Investment Consultants
Actively participates in problem-solving with current counterparties
Reviews pricing decisions to validate that mark-ups and commissions are within company guidelines. If a violation is detected, Trader must inform customer-facing role and Principal
Provides market insight and execution (sales-trading role) to very active customers
Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues
To identify, evaluate, monitor and make any recommendation deemed necessary to their respective Risk Management Committee in order to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules regulations, prescribed practices, internal policies and procedures or ethical standards.
Participate in ad hoc projects
Execute trades among different options with great accuracy
Define ways to solve execution problems
Maintain a continuous flow of information and develop strong ties with counterparties
Maintain low execution error statistics
Workload subject to intense peaks, job requires maintaining high accuracy under pressure