The Senior Equity & Option Agency Trader role will be part of the equity & option agency trading desk within the Wealth Management Solutions business group. The primary responsibilities for this role include ensuring that all institutional block and retail equity trade orders are executed efficiently, accurately and in compliance with all industry and company rules and regulations, analyzing current market volatility to optimize client execution price, and identifying and resolving complex trading and settlement issues.
Responsible for the effective execution of Institutional Block & Retail Equity/ETF/Option order flow across Ameriprise Brokerage and Advisory platforms.
Leverage expert knowledge of equity & option market structure, security products, SEC & FINRA Regulations, execution analytics, complex trading strategies and risk management techniques when handling order flow.
Quickly assess differing order characteristics and financial risk profiles against current market dynamics, achieving Best Execution objectives.
Proactively provide market color and liquidity sourcing strategies to advisors and institutional customers that enhance opportunities to achieve best execution.
Provide direction and oversight to resolve complex trading and settlement issues.
Support development of less experienced traders through education and oversight.
Bachelor's degree or equivalent experience
5+ years relevant experience, including at least 3 years of Equity Trading experience on a trading desk.
Expert knowledge of financial markets with emphasis on Equity, ETF and Option trading.
Expert Institutional/Block trading experience with large portfolio rebalancing including handling ETF Risk Creation & Redemption/Basket transactions. Extensive experience trading Stocks, Exchange Traded Funds & Notes, Options, Preferreds, Rights and Warrants
Thorough understanding of the financial markets. Ability to perform in a highly stressful, time sensitive, and regulated environment with a high degree of accuracy.
Strong understanding of the differing market structures and variables which impact pricing for each.
Expert knowledge of trading platforms and order management systems.
Ability to work with limited direction and make quick decisions.
Ability to handle difficult communications with advisors and clients and provide effective issue resolution.
Ability to build and maintain strong, positive relationships and influence others without having direct leadership accountability.
Experience working effectively in a team environment.
Active Series 7
Active Series 63/66
Active Series 55/57
About Our Company We're a diversified financial services leader with more than $1 trillion in assets under management and administration. Our team of 20,000 people in more than 20 countries advise, manage and protect the assets and income of more than 2 million individual, small business and institutional clients. We are a long-standing leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial Services, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.