CAREERS

Trader, Northern Trust Securities

📁
Brokerage
📅
85509 Requisition #

Summary: 

Executes stock trades with minimal market impact.  Ensures that each trade is handled equitably and settled properly.  Monitors securities prices and communicates them to portfolio managers when necessary.  Monitors market place developments to maintain up-to-date knowledge of the investment industry.  Informs portfolio managers of alternate trading strategies.

Major Duties:

  1. Executes stock trades with minimal market impact.
  2. Ensures that trade orders are executed fairly and equitably (e.g. prompt execution without bias toward originating source).
  3. When appropriate, apprises portfolio managers and other appropriate parties of relevant information affecting securities prices (e.g. trading volume, etc.).
  4. Ensures that trades have appropriate information to settle properly.
  5. Records, measures, reviews, and analyzes trading performance, commission payments and soft dollar commitments.
  6. Responds to client and partner inquiries as needed.
  7. Maintains up-to-date knowledge of applicable rules and regulations governing investments and trading.
  8. Conducts trading activity with the speed and accuracy required to obtain the most favorable execution.
  9. Recommends trading alternatives.
  10. Ensures that appropriate enabling documentation is in file and that appropriate procedures and conventions (i.e., levels of collateral etc.) are followed.

Knowledge/Skills:

  • Series 7 license
  • Knowledge of investment instruments, general industry practices, market structures, execution and measurement techniques, trust trading guidelines, regulatory environment and specific securities laws and regulations, usually acquired through completion of a four year degree or work experience, to ensure the most sophisticated level of trade execution for clients. 
  • Knowledge of the context in which trading activity occurs (i.e., favorable and unfavorable effects of various transactions on stock price, etc.), acquired through work experience, to execute trades with minimal market impact. 
  • Ability to recognize circumstances calling for difficult execution methodologies.

Experience

Required 2-4 years experience within the trading process in a fiduciary environment, college education strongly preferred and participation in Chartered Financial Analyst (CFA) program or MBA program preferred. 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

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