What are the responsibilities and job description for the Jr. Equity and Options Agency Trader position at Ameriprise Financial Services, LLC?
The Jr. Equity & Options Agency Trader role will play a key part in the trade order process under the supervision of senior agency traders. This role will ensure that all equity and option orders are processed efficiently, accurately, and in compliance with all industry regulations. Review daily reports to identify and resolve trading issues. This role will also entail building effective working relationships with broker dealers, advisors, and across teams to provide excellent customer service.
Key Responsibilities
Route retail equity and option orders under the supervision of senior agency traders. Acquire a working knowledge of all trading functions and trading software systems. Build experience in handling retail equity and option order flow.
Place outbound calls to and receive inbound calls from advisors to assist them with market color and order handling decisions.
Work with the business partners and Trading Team to analyze various metrics like resting order book & ETF liquidity. Work with the team to create new or streamline existing reports. Actively follow market structure and regulatory changes to ensure a basic knowledge of market concepts, vernacular, and procedures.
Begin building a network of other broker dealer trading contacts, internal business partners, and advisors. Participate in industry and company events, as available.
Provide back-up support to other departments within Capital Markets Trading. Participate in special projects as needed.
Required Qualifications
Associate's degree or equivalent experience.
1 years of relevant experience.
Active State securities agent registration (S63 or S66).
Active Series 7.
Active Series 55 or Series 57 or ability to obtain within 90 days.
Ability to effectively work in a team environment.
Strong communication skills.
Ability to perform in a highly stressful, time sensitive, and regulated environment.
Ability to handle difficult communications with advisors and clients and provide effective issue resolution.
Ability to develop and maintain strong, positive relationships and influence others without having direct leadership accountability.
Preferred Qualifications
Bachelor's degree.
Knowledgeable of the Beta Host, Thomson One, and FIS NGO systems.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding 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, 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.
Base Pay Salary
The estimated base salary for this role is $61,100 - $82,500 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
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.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Non-Exempt
Job Family Group
Business Support & Operations
Line of Business
CLEAR Clearing
Key Responsibilities
Route retail equity and option orders under the supervision of senior agency traders. Acquire a working knowledge of all trading functions and trading software systems. Build experience in handling retail equity and option order flow.
Place outbound calls to and receive inbound calls from advisors to assist them with market color and order handling decisions.
Work with the business partners and Trading Team to analyze various metrics like resting order book & ETF liquidity. Work with the team to create new or streamline existing reports. Actively follow market structure and regulatory changes to ensure a basic knowledge of market concepts, vernacular, and procedures.
Begin building a network of other broker dealer trading contacts, internal business partners, and advisors. Participate in industry and company events, as available.
Provide back-up support to other departments within Capital Markets Trading. Participate in special projects as needed.
Required Qualifications
Associate's degree or equivalent experience.
1 years of relevant experience.
Active State securities agent registration (S63 or S66).
Active Series 7.
Active Series 55 or Series 57 or ability to obtain within 90 days.
Ability to effectively work in a team environment.
Strong communication skills.
Ability to perform in a highly stressful, time sensitive, and regulated environment.
Ability to handle difficult communications with advisors and clients and provide effective issue resolution.
Ability to develop and maintain strong, positive relationships and influence others without having direct leadership accountability.
Preferred Qualifications
Bachelor's degree.
Knowledgeable of the Beta Host, Thomson One, and FIS NGO systems.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding 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, 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.
Base Pay Salary
The estimated base salary for this role is $61,100 - $82,500 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
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.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Non-Exempt
Job Family Group
Business Support & Operations
Line of Business
CLEAR Clearing
Salary : $61,100 - $82,500
