Trainee Broker

Clarksons•Houston, TX

About The Position

The role of the Trainee Broker encompasses support for the broker desk during the daily trading cycle, back-up for broker confirmations, and assisting the office manager as needed in daily tasks. Training will be provided.

Requirements

Working knowledge of Excel for charting/data presentation

Nice To Haves

Domestic Canadian and Rockies internal market recaps
Marketview, Posting Plus
Pointer
Drafting deal sheet
Distribute completed deals sheets to brokers
Distribute broker approved deal sheets to Access Confirmer
Deal Sheet Revisions
Redistribution of recaps between brokers
Recorder
Deal book revisions
Report trades to Argus
Update daily volumes and Link percentage of physical and financial market
Input and save all Argus data for relevant analyses
Develop relevant market analyses as needed
Clear trades as needed through relevant exchange portals
Enter customer transactions into E-Confirm platforms as needed
Maintain up to date market information throughout the day
Understand parties and current markets
Understand and assist the Confirmations position as needed
E-Confirm, Trade Recaps, Broker Web
Backup for this position in the event of emergency
Develop understanding of the role of a Broker in the domestic crude market
Crude Oil pricing and Infrastructure
Market movement and trends
Clients and company relationships
Generate, assist with and send out Link Crude Daily Report, End of Day and Canadian Report
Updating settlement prices for Forward curve
Manage distribution lists for all LDS reports

Responsibilities

Compile analysis of prior day’s trading volumes and enter data into corresponding spreadsheets
Update and maintain Wallboard market information
Learn and utilize the Bloomberg terminal and Link page
Keep public folder Contacts up to date
Generate ranking reports and revenue reports weekly
Execute relevant reports for both internal use and client submission
Assist brokers in writing up daily transactions as they occur in real time
Inputting deals in E-Confirm Compare entries with Access, recaps and deal sheets
Respond to client inquires
Investigate and correct unmatched trades
Create E-Confirm Transaction approval report
Log all deals in deal book
Deal book revisions
Send reportable trades to teams for broker approval
Report trades to Argus
Check Daily transaction reports for accuracy
Highlight anomalies and bring to broker desk attention
Update daily volumes and Link percentage of physical and financial market
Develop monthly and annual comparison tables for reference
Input and save all Argus data for relevant analyses
Develop relevant market analyses as needed
Clear trades as needed through relevant exchange portals
Enter customer transactions into E-Confirm platforms as needed
Answer phones throughout the day as needed
Maintain up to date market information throughout the day
Understand and assist the Confirmations position as needed
Backup for the Confirmations position in the event of emergency
Develop understanding of the role of a Broker in the domestic crude market
Earn Series 3 License
Earn Series 30 License
Ensure Brokers timely administration and completion of broker compliance testing
Ensure accurate record keeping and documentation for all Exchange traded products
Generate, assist with and send out Link Crude Daily Report, End of Day and Canadian Report
Updating settlement prices for Forward curve
Manage distribution lists for all LDS reports