Equity and Derivatives Trader
5 days ago
-Introduction
Momentum Securities provides a full range of stockbroking services supported by strong management and administrative capabilities. We pride ourselves on product innovation and client service. One of our key strengths is our ability to devise solutions for your individual needs, with all of our expertise at your disposal. We provide a full range of stockbroking solutions including; traditional trade executions (non-discretionary/self-managed portfolio), an advisory portfolio, full-service stockbroking service into all of the frontier markets of Sub-Saharan Africa, and specialist research integrating both a macro and micro market view.
Role Purpose
Implement and adopt appropriate trading tactics to optimize pricing and profitability, manage and execute trades for clients to deliver on client expectations, and grow the investment book.
Requirements
**Qualifications**:
- Bachelor’s Degree in Finance / Accounting/ Business
- Registered Equities trader
- RPE Equity Markets and Derivatives
- Proficiency in C++, Java, Matlab, and VBA programming languages
**Experience**:
- 3-5 years + Equities trading and analysis experience
- An understanding of corporate actions, financial markets, trading, and equities
- Experience in using Bloomberg, Iress Pro, Swissquote, TradeCis, Talx, or similar
- Experience in financial analysis modeling
- Experience in options pricing
- Proficient in Microsoft office including excel
Duties & Responsibilities
**Derivatives and Equity Trading**
- Sell and market the derivatives offering to clients to grow the derivatives book
- Ensures the development of quantitative trading models
- Perform regular Quantitative and Statistical analysis.
- Ensure accurate trade execution
- Ensure accurate derivatives pricing
- Mitigation of any risk (including client level, market level, and Momentum Securities) associated with trading activities.
- Derivative book management: Interaction with internal and external derivatives service providers.
- Day-to-day client engagement
- Perform general day-to-day derivative desk administration
- Derivative desk deal management
Competencies
- **Entrepreneurial and Commercial Thinking**: Keeps up to date with competitor information and market trends. Identifies business opportunities for the organization. Demonstrates financial awareness. Controls costs and thinks in terms of profit, loss, and added value.
- **Attention to the details**: Provides accurate, consistent numbers on all paperwork - Provides information in a useable form and on a timely basis to others who need to act on it - Maintains a checklist, schedule, calendar, etc. to ensure that small details are not overlooked - Follows policies, procedure, safety and security measures in using various equipment - Work requires little or no checking - Writes down important details in messages or communications so the details are not lost or forgotten.
- **Analytical thinking**: Analyses numerical data, verbal data, and all other sources of information. Breaks information into component parts, patterns, and relationships. Probes for further information or greater understanding of a problem. Makes rational judgments from the available information and analysis. Produces workable solutions to a range of problems. Demonstrates an understanding of how one issue may be a part of a much larger system.
- **Deciding and Initiating Action**: Makes prompt, clear decisions, which may involve tough choices or considered risks. Takes responsibility for actions, projects, and people. Takes initiative acts with confidence and works under their own direction. Initiates and generates activity.
- **Delivering results and meeting customer expectations**: Focuses on customer needs and satisfaction. Sets high standards for quality and quantity. Monitors and maintains quality and productivity. Works in a systematic, methodical, and orderly way. Consistently achieves project goals.
Policy
We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.
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