Securities Lending Sales Trader in New York, NY at TradeStation

Date Posted: 8/6/2020

Job Snapshot

Job Description

Securities Lending Sales Trader
New York, NY
TradeStation is an on-line brokerage firm seeking to level the playing field for self-directed investors and traders, empowering them to claim their individual financial edge.  At TradeStation, we're continuously pushing the boundaries of what's possible, encouraging out-of-the-box thinking and relentless search for innovation.  We offer a collaborative and flexible work environment, competitive salaries, comprehensive benefits and an unlimited PTO policy.
At TradeStation Securities Inc. we are dedicated to delivering strong results and exceptional service to clients, team members and business partners. Over 500 employees working in various offices around the world are dedicated to servicing investment solutions for our clients. Our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team. 
As a Securities Lending Sales Trader, you will help drive the sales of our diverse array of product offerings and investment solutions.  You will be expected to deliver exceptional service by exploiting unique market opportunities within the guidelines of the firm’s risk parameters   If you have a passion for trading, specifically securities lending and want to deepen your understanding of the capital markets, this is the perfect opportunity for you. 
We are currently seeking a Securities Lending Sales Trader to join our New York office. In this role, you will be responsible for securities lending conduit trading across multiple domestic asset classes, covering client short positions, approving short locates, monetizing Fully Paid Lending positions and identifying arbitrage opportunities related to effective cash management opportunities. This is an excellent opportunity to join a high-energy, entrepreneurial culture that values individuals who exhibit a strong work ethic, a willingness to learn and desire to achieve maximum results.
ESSENTIAL JOB FUNCTIONS:  
  • Capitalize on market anomalies to maximize P/L for the firm within the risk guidelines and parameters
  • Cultivate tier 1 counterparty relationships with a focus on enhancing trading relationships
  • Ensure tight controls and governance of the trading limits and risk exposures
  • Work closely with other Securities Lending flow traders and help drive revenue, trading commissions, financing revenues and short balances
  • Work closely with Business Management and Technology teams to identify enhancements that will streamline the workflow and enhance the client experience
  • Liaise with back and middle office teams on issues such as settlement, control, P&L, and regulatory, etc.
  • Identify market trends with a focus on capitalizing on market events
  • Work with Treasury management to establish base line cash management rates for FIAT collateral
  • Work with regulators to ensure transparency, controls, governance and oversight
KNOWLEDGE, SKILLS & ABILITIES:
  • Experience in the equity markets and associated financing needs
  • Excellent communication and negotiation skills
  • Able to work efficiently under pressure
  • Knowledge of daily trading, client contact and client entertainment
  • Exceptional thought-provoking team player
  • Building up new item, business schemes and new flow of business
EDUCATION & EXPERIENCE:
  • Bachelor’s Degree
  • Financial Industry - 5+ years’ experience
  • FINRA Licenses: Series 7