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 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 services and specialist research integrating both a macro and micro market view.
Role Purpose
The purpose of the Equity and Derivatives Trader role is to manage and execute trades for both our Derivatives and Equity offering.
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:
Minimum of 3 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 modelling
Experience in options pricing
Proficient in Microsoft office including Excel
Duties & Responsibilities
Derivatives and Equity Trading
Receive orders from retail clients via different communication channels such as telephone, email, and online.
Place orders on the trading system and approve web-based orders from clients who placed their orders on the trading platform.
Reconcile and match trades received, reporting on the delivery of services against instructions from clients.
Attend to client queries within agreed service levels, ensuring timely feedback.
Provide accurate information to clients on stocks to assist them in making informed trading decisions.
Manage local and international corporate actions on stocks, collaborating with other teams for efficient execution.
Offer trading ideas and suggestions aligned with Momentum Securities' house view strategy.
Sell and market our offering to clients to grow the derivatives book.
Develop quantitative trading models and perform regular quantitative and statistical analysis.
Ensure accurate trade execution and derivatives pricing.
Mitigate risks associated with trading activities at client, market, and Momentum Securities levels.
Manage the derivative book, including interaction with internal and external derivatives service providers.
Engage with clients on a day-to-day basis.
Perform general day-to-day administration for the derivative desk.
Manage derivative desk deal management.
Competencies
Entrepreneurial and Commercial Thinking: Keeps up to date with competitor information and market trends. Identifies business opportunities for the organisation. Demonstrates financial awareness. Controls costs and thinks in terms of profit, loss and added value.
Attention to Detail: Provides accurate, consistent numbers on all paperwork. Provides information in a usable 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, procedures, 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 judgements 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 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.
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