Equity trader job description
Updated March 14, 2024
9 min read
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Example equity trader requirements on a job description
Equity trader requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in equity trader job postings.
Sample equity trader requirements
- Bachelor’s degree in finance or related field
- Series 7 and 63 certifications
- 2+ years of experience in equity trading
- Strong understanding of equity markets
- Knowledge of investment strategies
Sample required equity trader soft skills
- Excellent analytical and problem-solving skills
- Strong communication and interpersonal skills
- Attention to detail and accuracy
- Ability to work independently and as part of a team
Equity trader job description example 1
Chimera Securities equity trader job description
Equity Trader Trainee (March 2023)
ATTN: COVID-19 vaccination required; This is NOT a hybrid or remote position.
All Trainees are required to report to our New York City office as part of the on-site training program. There are no hybrid or remote options. If you are offered a position in the training program, you will be required to provide proof of COVID-19 vaccination before entering the office.
Training Program Description:
Location: Union Square, NY
Hours: Market Hours - 8:45am - 4:45pm
The goal of the program is to give trainees the necessary tools to successfully trade in this fast paced, dynamic market environment. New traders will be trained under the supervision and instruction of experienced traders. The training starts in the classroom and quickly progresses to trading on our trading floor.
The duration of the program is four months and it is unpaid. There is no guarantee of an offer of employment at the end of the training program.
Chimera provides training at no cost to trainees, providing them with an excellent opportunity to learn to trade without risking their own capital.
If offered a position in the training program, candidates will need to pass two exams: the SIE (Securities Industry Essentials) & the Series 57. Passing both exams is required in order to participate in the training program. Chimera will cover and/or reimburse the cost of both exams for candidates who successfully pass.
This is an entrepreneurial, high-energy environment with plenty of personal, one-on-one attention.
Requirements
Training Program Participation Requirements
BACHELORS DEGREE REQUIRED!
3.0+ GPA preferred. We are looking for hard-working, self-motivated and outgoing individuals with strong quantitative and analytical skills. Applicants must be self-starters while also being able to learn as part of a team. This is a fast-paced and challenging training program that requires the ability to focus and maintain composure under intense pressure. No previous trading experience is necessary.
Licensing requirements:
Prior to being able to take the Series 57 exam, candidates will first need to pass the Securities Industry Essentials (SIE) exam. The SIE exam is open to anyone 18 years of age to take without sponsorship by a firm. It is used to assess a candidate's basic knowledge of the securities industry and is a pre-requisite to most qualifying FINRA exams. The exam focuses on industry terminology, securities products, the structure and function of the markets, regulatory agencies and their functions, and regulated and prohibited practices.
While not required, it is strongly encouraged that individuals who are interested in pursuing a career in trading take the SIE exam as soon as possible. Chimera will sponsor those offered a position in the training program for the Series 57 exam, only after the SIE has been passed. Participation in the training program is contingent upon successfully passing BOTH exams prior to the start date.
ATTN: COVID-19 vaccination required; This is NOT a hybrid or remote position.
All Trainees are required to report to our New York City office as part of the on-site training program. There are no hybrid or remote options. If you are offered a position in the training program, you will be required to provide proof of COVID-19 vaccination before entering the office.
Training Program Description:
Location: Union Square, NY
Hours: Market Hours - 8:45am - 4:45pm
The goal of the program is to give trainees the necessary tools to successfully trade in this fast paced, dynamic market environment. New traders will be trained under the supervision and instruction of experienced traders. The training starts in the classroom and quickly progresses to trading on our trading floor.
The duration of the program is four months and it is unpaid. There is no guarantee of an offer of employment at the end of the training program.
Chimera provides training at no cost to trainees, providing them with an excellent opportunity to learn to trade without risking their own capital.
If offered a position in the training program, candidates will need to pass two exams: the SIE (Securities Industry Essentials) & the Series 57. Passing both exams is required in order to participate in the training program. Chimera will cover and/or reimburse the cost of both exams for candidates who successfully pass.
This is an entrepreneurial, high-energy environment with plenty of personal, one-on-one attention.
Requirements
Training Program Participation Requirements
BACHELORS DEGREE REQUIRED!
3.0+ GPA preferred. We are looking for hard-working, self-motivated and outgoing individuals with strong quantitative and analytical skills. Applicants must be self-starters while also being able to learn as part of a team. This is a fast-paced and challenging training program that requires the ability to focus and maintain composure under intense pressure. No previous trading experience is necessary.
Licensing requirements:
Prior to being able to take the Series 57 exam, candidates will first need to pass the Securities Industry Essentials (SIE) exam. The SIE exam is open to anyone 18 years of age to take without sponsorship by a firm. It is used to assess a candidate's basic knowledge of the securities industry and is a pre-requisite to most qualifying FINRA exams. The exam focuses on industry terminology, securities products, the structure and function of the markets, regulatory agencies and their functions, and regulated and prohibited practices.
While not required, it is strongly encouraged that individuals who are interested in pursuing a career in trading take the SIE exam as soon as possible. Chimera will sponsor those offered a position in the training program for the Series 57 exam, only after the SIE has been passed. Participation in the training program is contingent upon successfully passing BOTH exams prior to the start date.
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Equity trader job description example 2
Citi equity trader job description
The equity index derivatives trading team (focused on risk, pricing & hedging within the US) is looking for a volatility trader. The Index desk covers vanilla options and variance swaps on all the US indices (including volatility indices like VIX) and ETFs (including international and cross-asset ETFs).
Key Responsibilities:
Manage risk, pricing and hedging of a variety of index derivatives products Execute trades, including stocks, futures, options and variance swaps in order to hedge customer trades Coordinate internally with other desks and externally with inter-dealer brokers in order to seek and analyze trade opportunities to optimize hedging and increase efficiency Generate market color, ideas and axes to maximize client revenues Maintain the existing tools necessary for the desk to operate and manage risks properly, as well as develop new ones.
Development Value:
The candidate will be part of a top-tier trading team and immediately be involved in all aspects of maintaining and expanding the franchise: from pricing, risk management and technology initiatives.
Qualifications:
A similar role with a leading bank, market maker, or hedge fund with volatility experience, ideally index focused. 6y+ of derivatives trading experience. Strong knowledge of derivative products Strong knowledge of the Equity and Options markets Strong verbal communication and analytical skills Programming skills are a plus Good reputation, hard worker, team player, ability to act fast under pressure Ability to partner and build working relationships with colleagues across trading, sales, quants, strategy and support desks
Other:
Education Level: Bachelor's Degree or higher
Job Family Group:
Institutional Trading
Job Family:
Trading
Time Type:
Full time
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review
Accessibility at Citi
.
View the "
EEO is the Law
" poster. View the
EEO is the Law Supplement
.
View the
EEO Policy Statement
.
View the
Pay Transparency Posting
Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Key Responsibilities:
Manage risk, pricing and hedging of a variety of index derivatives products Execute trades, including stocks, futures, options and variance swaps in order to hedge customer trades Coordinate internally with other desks and externally with inter-dealer brokers in order to seek and analyze trade opportunities to optimize hedging and increase efficiency Generate market color, ideas and axes to maximize client revenues Maintain the existing tools necessary for the desk to operate and manage risks properly, as well as develop new ones.
Development Value:
The candidate will be part of a top-tier trading team and immediately be involved in all aspects of maintaining and expanding the franchise: from pricing, risk management and technology initiatives.
Qualifications:
A similar role with a leading bank, market maker, or hedge fund with volatility experience, ideally index focused. 6y+ of derivatives trading experience. Strong knowledge of derivative products Strong knowledge of the Equity and Options markets Strong verbal communication and analytical skills Programming skills are a plus Good reputation, hard worker, team player, ability to act fast under pressure Ability to partner and build working relationships with colleagues across trading, sales, quants, strategy and support desks
Other:
Education Level: Bachelor's Degree or higher
Job Family Group:
Institutional Trading
Job Family:
Trading
Time Type:
Full time
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review
Accessibility at Citi
.
View the "
EEO is the Law
" poster. View the
EEO is the Law Supplement
.
View the
EEO Policy Statement
.
View the
Pay Transparency Posting
Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Dealing with hard-to-fill positions? Let us help.
Equity trader job description example 3
Macquarie Securities equity trader job description
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Refer someone
Join Macquarie Asset Management as an Equity High Touch Trader. In this role, you will focus on trading EMEA markets, with an expectation that you will be proactive and engaged both internally and externally and will work directly with portfolio managers and the sell-side to manage implementation costs, access liquidity, and achieve best execution.
You will be based in New York or Philadelphia, working live EMEA hours.
Your responsibilities will include:
* Handling the day-to-day execution and liquidity solutions role working closely with PM's and the Street, and the goal is to implement PM's decisions effectively and efficiently, seeking to minimize implementation costs and maximize value to the client.
* Being commercial both internally and externally will provide the ability to have a positive impact on the investment process. Engage with the investment team to gain a solid understanding of fund construction, PM trading style, benchmarks, strategy and thesis. Strong Street relationships to relay the tactical landscape to contribute to the investment process around liquidity opportunities and options for execution.
* Proactively seeking ways to add value around execution. Have an opinion or viewpoint and share that with the investment team when the opportunity presents itself.
* Understanding electronic trading and TCA. Broker algorithms, venue analysis, order types and looking at results through TCA for continuous improvement.
* Demonstrating and explain Best Execution thought process through all market conditions. Demonstrate market structure understanding and ability to adapt to structural change conditions.
* Disseminating relevant market news and commentary.
* Flagging risks as they pop up on the desk (Operational, Market and Reputational). Highlight process inefficiencies/issues.
* Adapting work rate to meet fluctuations in desk activity. Understanding and valuing partnerships that contribute to business results.
Your background will include:
* 7+ years of experience trading EMEA equity markets
* In-depth understanding of the EMEA trading landscape, market microstructure and able to demonstrate an understanding of structural, fundamental, and technical factors.
* Expertise in electronic trading strategies, TCA evaluation, and execution quality tools.
* Strong understanding of European regulations, particularly MiFID2
* Long standing relationships with the sell-side
* Experience in a programming language for data analytics (Python) is a plus
* Strong inter-personal and communication skills and team-oriented mindset is critical.
* An entrepreneurial spirit centered around growth
* Fundamental and Technical understanding of market dynamics
* A Bachelor's degree or equivalent
About Macquarie Asset Management
In Macquarie Asset Management you will join a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than A$773/€523/£440/$US578 billion in assets globally, we provide access to specialist investment expertise across a range of capabilities including fixed income, equities, multi-asset solutions, private credit, infrastructure, green investments, natural assets, real estate, and asset finance.
All figures as at 31 March 2022.
Our COVID-19 policy
In line with local regulations, all Macquarie employees in New York are required to be fully vaccinated against COVID-19 and provide proof of full vaccination in order to attend the office and to participate in external meetings and business travel in New York City, unless a reasonable accommodation is approved or as otherwise required by law. Outside of New York, proof of vaccination is not required to attend a Macquarie office, travel for business, or attend an external business event.
Our commitment to Diversity, Equity and Inclusion
The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of 'empowering people to innovate and invest for a better future', we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment of individuals who are minorities, women, protected veterans, and individuals with disabilities.
We equip our people with the support to work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.
Refer someone
Join Macquarie Asset Management as an Equity High Touch Trader. In this role, you will focus on trading EMEA markets, with an expectation that you will be proactive and engaged both internally and externally and will work directly with portfolio managers and the sell-side to manage implementation costs, access liquidity, and achieve best execution.
You will be based in New York or Philadelphia, working live EMEA hours.
Your responsibilities will include:
* Handling the day-to-day execution and liquidity solutions role working closely with PM's and the Street, and the goal is to implement PM's decisions effectively and efficiently, seeking to minimize implementation costs and maximize value to the client.
* Being commercial both internally and externally will provide the ability to have a positive impact on the investment process. Engage with the investment team to gain a solid understanding of fund construction, PM trading style, benchmarks, strategy and thesis. Strong Street relationships to relay the tactical landscape to contribute to the investment process around liquidity opportunities and options for execution.
* Proactively seeking ways to add value around execution. Have an opinion or viewpoint and share that with the investment team when the opportunity presents itself.
* Understanding electronic trading and TCA. Broker algorithms, venue analysis, order types and looking at results through TCA for continuous improvement.
* Demonstrating and explain Best Execution thought process through all market conditions. Demonstrate market structure understanding and ability to adapt to structural change conditions.
* Disseminating relevant market news and commentary.
* Flagging risks as they pop up on the desk (Operational, Market and Reputational). Highlight process inefficiencies/issues.
* Adapting work rate to meet fluctuations in desk activity. Understanding and valuing partnerships that contribute to business results.
Your background will include:
* 7+ years of experience trading EMEA equity markets
* In-depth understanding of the EMEA trading landscape, market microstructure and able to demonstrate an understanding of structural, fundamental, and technical factors.
* Expertise in electronic trading strategies, TCA evaluation, and execution quality tools.
* Strong understanding of European regulations, particularly MiFID2
* Long standing relationships with the sell-side
* Experience in a programming language for data analytics (Python) is a plus
* Strong inter-personal and communication skills and team-oriented mindset is critical.
* An entrepreneurial spirit centered around growth
* Fundamental and Technical understanding of market dynamics
* A Bachelor's degree or equivalent
About Macquarie Asset Management
In Macquarie Asset Management you will join a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than A$773/€523/£440/$US578 billion in assets globally, we provide access to specialist investment expertise across a range of capabilities including fixed income, equities, multi-asset solutions, private credit, infrastructure, green investments, natural assets, real estate, and asset finance.
All figures as at 31 March 2022.
Our COVID-19 policy
In line with local regulations, all Macquarie employees in New York are required to be fully vaccinated against COVID-19 and provide proof of full vaccination in order to attend the office and to participate in external meetings and business travel in New York City, unless a reasonable accommodation is approved or as otherwise required by law. Outside of New York, proof of vaccination is not required to attend a Macquarie office, travel for business, or attend an external business event.
Our commitment to Diversity, Equity and Inclusion
The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of 'empowering people to innovate and invest for a better future', we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment of individuals who are minorities, women, protected veterans, and individuals with disabilities.
We equip our people with the support to work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.
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Updated March 14, 2024
Updated March 14, 2024