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Santander · 1 day ago

Associate, Trading

Boston

Full-time

Onsite

Entry Level

$68K/yr - $120K/yr

3+ years exp

Santander is a global leader and innovator in the financial services industry, and they are evolving into a technology-driven organization. The Associate, Trading supports the trading desk with execution, pricing, and risk monitoring across various markets, working closely with senior traders and compliance to ensure efficient trade flow and adherence to regulatory standards.

BankingCommercial LendingFinanceFinancial ServicesPersonal Finance

Comp. & Benefits

Responsibilities

Assist financial advisors with trade execution in equities, options, mutual funds, fixed income, FX, alternatives and structured products

Review all trades that are flagged for pre-review prior to releasing trades to the market

Work with sales and operations teams to support client orders and resolve trade breaks or settlement issues

Prepare and review the daily trade blotters to ensure accuracy of trade input

Ensure that all processing queues are cleared in a timely manner

Identify trading activity that does not meet firm regulatory and/or firm standards

Conduct daily, weekly, and monthly reviews accurately and timely to ensure accordance to the firm’s guidelines, all applicable external and internal regulation, and policies and procedures

Provide information, as requested, to Legal/Compliance for the firm to respond to requests from various internal and external auditors and regulators

Partner with Product to assist with new product launches. Keep up to date in all approved product offerings and industry trends

Identify inefficiencies throughout all trade processes and work with internal departments and outside vendors to improve overall processes within product workflows

Work closely with Supervisory Directors/Market Directors and communicate any concerns including frequent items that cause NIGOs, Financial Advisors who are having difficulties and/or business practices that are not in line with firm standards

Develop knowledge of financial markets and asset management and financial regulations to build a deep understanding of trading and trading risks

Provide backup coverage and cross-train others

Maintain key reporting and business metrics

Qualification

Trading experienceAnalytical skillsMicrosoft ExcelSeries 7 LicenseFinancial markets knowledgeRegulatory knowledgeCommunication skillsAttention to detailProblem-solving skillsTeamwork skills

Required

Bachelor's Degree or equivalent work experience: Finance, Economics, Mathematics, Accounting, Business Administration, Engineering, or equivalent field

3+ Years trading, operations, sales, supervision, compliance, audit, or regulatory experience

Strong analytical background with the ability to analyze and summarize findings in a concise and clear format

Detailed oriented and possess high ethical standards

Knowledge of equities, options, mutual funds, fixed income, FX, alternatives and structured notes trading and investment, and/or experience working in the front desk, operations, sales, risk, regulatory, legal or audit fields

Ability to operate independently within guidelines, policies, directives and established precedence

Strong technical skills, particularly with respect to Microsoft Excel

Genuine interest in and understanding of financial markets

Familiarity with a broad range of asset classes, including derivatives

Intellectual curiosity and problem-solving skills

Strong communication skills and the ability to interact confidently with others

Ability to work independently with minimal supervision, while also maintaining appropriate levels of collaboration and cooperation with other team members

Sensitivity and tact must be especially evident in the performance of compliance monitoring and surveillance functions

Solid understanding of applicable Federal and State laws applicable to SEC registered broker-dealers, futures commission merchants, and swap dealers

Strong analytical and investigative skills and demonstrated ability to operate at a strategic level

Sound judgment in identifying risks to proactively escalate with relevant senior management

Excellent written (drafting & editing) and spoken communication abilities

Excellent teamwork, interpersonal and conflict resolution skills

Series 7 – General Securities Representative License