Job

Equity Trader

Posted 01 May 2024

Equity Trader at Picton Mahoney Asset Management

Sales & Trading Full-time Toronto

Experience: Mid-Level
Education Required: University degree in business, finance, or related field. Completion of Canadian Securities Course and Traders Training Course are required. CFA designation would be considered an asset.
Salary Range: $100, 000+

Close date: 29 June 2024

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Position Description

The Opportunity

Join our dynamic team at Picton Mahoney Asset Management and become an integral part of our growth story as an Equity Trader. We are on the lookout for a talented individual who thrives in a fast-paced environment and possesses a passion for financial markets. As a key member of our trading team, you will play a vital role in managing our Canadian, U.S., and International equity portfolios. Your responsibilities will encompass not only executing trades but also providing crucial sector-specific analytical insights. This is an exceptional opportunity to be part of a dynamic environment and actively contribute to our ongoing success and growth.

Responsibilities of the Role

  • Execute equity/derivative/FX transactions for the firm globally.
  • Attentiveness towards best execution and counter party selection (both objectively and quantitatively).
  • Work closely with investment managers to continuously improve transactional efficiencies.
  • Develop sector specialization to provide investment team with analytical support.
  • Identify dealer driven investment ideas and disseminate to investment managers and analysts.
  • Continually communicate and exchange information with portfolio managers and analysts regarding market conditions and individual securities.
  • Work with back office and service providers to ensure smooth trade settlement.
  • Maintain relationships with broker/dealers, sales traders, and international program desks.
  • Generate and research investment ideas for the firm’s various mandates.
  • Maintain flexible schedule due to international trading hours

Required Skill / Experience

The Qualifications and Experience Required

  • University degree in business, finance, or related field.
  • Completion of Canadian Securities Course and Traders Training Course are required.
  • CFA designation would be considered an asset.
  • At least 5+ years of experience working on a trade desk and with trading platforms.
  • Ability to excel under pressure (market volatility, time constraints) and execute swift decisions that may involve difficult trade-offs.
  • Flexibility to adapt and change to PMAM’s evolving and growing needs within the trading team.
  • Results oriented with desire to achieve high levels of personal and organizational performance.
  • Possess excellent analysis, problem-solving skills, strong communication, keen attention to detail, and a keen desire for continuous learning.
  • Extensive knowledge of broker algorithms would be considered an asset.
  • Experience with trading sector specialization and knowledge of market microstructure considered an asset.
  • Experience with Bloomberg, Thomson One, Order Management Systems and Execution Management Systems is an asset.
  • Exposure to derivatives and FX would be considered an asset.

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