Trader
TRADER
WHAT IS THE OPPORTUNITY?
Ensures that all equity, mutual fund, and ETF trades are executed accurately at Pershing and with all other outside custodians in a timely manner. Responsible for trade settlement and reconciliation.
What you will do
• Administer all trade execution and direct trades to outside custodians. Delegate large trades to outside brokers and follow up, as necessary.
• Inspect and verify any suspicious/erroneous orders.
• Communicate fixed income allocations to outside bond brokers ensuring these trades are booked correctly on our side and also at the contra broker.
• Trade Reconciliation - Review and reconcile reports to ensure trades have been executed and booked correctly.
• Compliance reports - Compile and randomly check trades for best execution prices. Review MSRB, CAT OATS and TRACE reports for trades. Check trade confirms for accuracy.
Must-Have*
• Bachelor's Degree or equivalent
• Minimum 3 years' experience with an investment management firm, hedge fund, or Broker Dealer
• Minimum 3 years of experience using Microsoft Office applications
• Series 7 and 55 or 57
Skills and Knowledge
• Series 63, preferred
Compensation
Starting base salary: $71,869 - $114,797 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
