Job description

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  • Location:
    London - 30 Gresham Street
  • Department:
    CIB Finance
  • Division:
    Investec Corporate and Investment Banking
  • Employment Type:
    Full time
  • Salary:
    Competitive

Junior Trader (4650)

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Description of role

  • To make markets, provide liquidity and 'best execute' client orders in listed equities.
  • Proactively communicate with clients and all internal departments of IIBS, providing them 'key' market information and idea generation.

Key responsibilities

  • Ensure that trading is at all times within agreed limits set by dealer mandates
  • Best execution as per MiFid is s given when executing client orders.
  • Proactive management of risk exposures (both pre-emptive and resultant positions)
  • Liaise with colleagues in Investec equities (primarily sales trading team) to identify and provide service to active buyers and sellers of stock
  • Issue I0I's as appropriate to attract business and proactively manage both pre-emptive and resultant positions.
  • Liaise with Analysts, Sales and Specialist Sales to develop individual sectors profile both internally and externally.
  • Deliver agreed market shares in corporate and target corporate shares.
  • Assist equities to achieve budgeted revenue in secondary market commissions and trading.
  • Make competitive and consistent prices in identified equities, whilst at the same time understanding the financial implications for both the clients and the Listed Client Group (LCG).
  • Execute orders via Fidessa, making full use of new technologies as and when they are added to the trading platform
  • Understand and trade in identified futures contracts (for hedging purposes)
  • Understand internal reporting lines and who must be referred to in the event of a query/problem and when such a referral is desirable/essential
  • Oversee the algorithmic trading conducted by IBP through 3rd party brokers including conducting of real time monitoring of executions to identify disorderly trading and, as relevant, operate the 'kill switch' functionality to cancel all unexecuted orders submitted to trading venues in the event of malfunctioning algorithms, market instability or other emergency scenarios.

Core Skills and Knowledge

  • Regulatory Knowledge as applicable to role (compulsory) e.g. an in depth understanding of the Risk Parameters as applied by central risk.
  • Coaching & Assessment (compulsory for Line Managers and other Supervisors)
  • To act with integrity at all times and embrace the philosophy of treating our customers fairly (compulsory)
  • Market knowledge
    • Knowledge and awareness of the macro-economic environment
  • Sector knowledge
    • Current stock/sector knowledge
  • Technical knowledge
    • An up to date knowledge of all trading systems currently used by the team including - Fidessa, Reuters, Bloomberg, etc
  • Demonstrated Performance / Commerciality
    • Implement appropriate and profitable trading/hedging strategies.
  • Sufficient technical knowledge relating to algorithmic trading including
  • The relevant trading systems and algorithms;
  • The monitoring and testing of such systems and algorithms; and
  • The trading strategies that Securities employs through its algorithmic trading systems.

Other attributes that would be helpful, but not essential for the role

  • Good relationship skills
  • Good internal/external network
  • High levels of motivation and self-origination
  • Highly team orientated
  • Able to operate in a flat structure with a term view of building the business for both shareholder and personal reward

 
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Location
London - 30 Gresham Street
30 Gresham Street, London, England, GB, EC2V 7QN
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Meet the recruiter

Lindsay Russell

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance