Trader

Santander•Miami, FL

1d•$80,625 - $135,000•Onsite

About The Position

The Trader is responsible for the timely and accurate execution of Fixed Income, Equity, ETF and foreign-exchange transactions for client accounts and discretionary managed portfolios. The role seeks best execution through approved brokers, monitors market conditions and portfolio risks, and ensures trading activity complies with applicable policies, procedures, risk limits and regulatory requirements. The Trader provides execution, market and product support to the Commercial and Discretionary Portfolio Management teams, coordinates the trade lifecycle with operations and settlement teams, maintains effective counterparty relationships, and contributes to continuous improvement of the Trading Desk.

Requirements

Bachelor’s degree required or equivalent experience
5 - 6 years of relevant experience or demonstrated required level of proficiency
Knowledge of multi-asset trade execution, including order handling and execution across Fixed Income, Equities, ETFs and FX, with an understanding of approved-broker requirements and best-execution principles
Knowledge of Fixed Income and Equity markets, including market structure, liquidity, pricing, valuation methodologies, macroeconomic drivers, credit and interest-rate risk, equity-market dynamics, and factors affecting transaction costs
Proficiency in Bloomberg and electronic trading and market data platforms, including execution venues such as Tradebook and MarketAxess, with the ability to monitor prices across cash, OTC and derivatives markets
Knowledge of trade confirmation, clearance, settlement processes, and the full order-to-settlement lifecycle
Understanding of market, portfolio, and operational risk concepts, including the identification of market and execution risks, evaluation of portfolio exposures, monitoring of risk limits, and escalation of exceptions or control gaps
Ability to coordinate effectively with brokers and internal stakeholders, including Commercial, DPM, securities processing, operations, and settlement teams
Strong analytical and quantitative skills with exceptional attention to detail
Advanced proficiency in Microsoft Excel and strong PowerPoint and Word skills.
English, Spanish

Nice To Haves

Experience with programming, automation, or other technology-based solutions is desirable

Responsibilities

Executes Fixed Income, Equity, ETF and FX transactions for client accounts and discretionary managed portfolios
Seeks best execution using approved brokers and committee-approved criteria
Delivers accurate and timely execution in accordance with Trading Desk policies and procedures
Monitors orders and executions, identifies potential issues and takes appropriate action to minimize errors
Ensures activity is consistent with regulatory status, risk limits, mandates and internal requirements
Provides the Commercial and DPM teams with responsive execution support and relevant market and product information
Maintains regular contact with internal clients to provide market color and execution-related guidance
Incorporates feedback from bankers and portfolio managers into the Trading Desk service proposition
Applies knowledge of financial markets, trading systems and instruments throughout market hours
Monitors prices, liquidity and market developments across cash, OTC and derivatives markets
Provides additional desk coverage when required and works collaboratively to maintain continuity of service
Promotes high performance, continuous improvement and a strong commitment to execution quality
Manages day-to-day relationships with approved brokers and internal stakeholders
Coordinates with securities processing and settlement operations to support proper trade confirmation, clearance and settlement
Escalates breaks, exceptions and material risks promptly and keeps relevant stakeholders informed
Other duties as assigned or requested by immediate supervisor.