Broker

Cantor Fitzgerald; City of Westminster; On-site; GBP 50,000 - 70,000; Full time

Job summary

A prominent financial services firm in Westminster is looking for a Broking Specialist to navigate compliance and foster client relationships. The ideal candidate will have solid experience in the financial services sector, including broking or trading roles. Key responsibilities include maintaining market knowledge, liaising with clients, and generating revenue. Candidates should demonstrate strong numerical skills, excellent communication abilities, and a proactive team-oriented approach. An understanding of compliance regulations and technical proficiency are also essential.

Qualifications

• Understanding of the financial services industry.
• Experience in broking within an IDB or financial services corporation.
• Traded previously in a bank or financial services corporation.

Responsibilities

• Broking the product in accordance with market practice.
• Maintaining knowledge of compliance regulations.
• Liaising with clients and developing relationships.

Skills

Product and market knowledge

Client relationship building

Excellent negotiation skills

Strong numeracy skills

Effective communication skills

Team collaboration

Planning and organizing

Tools

Microsoft Office

Bloomberg terminal

Reuters market data

Job description

Responsibilities

Broking the product in accordance with established market practice and in compliance with all relevant laws and regulations. Gaining a full understanding and working within internal compliance and other policies and procedures, including specific desk procedures. Maintaining this knowledge as policies and procedures evolve. Completing all assigned training and policy attestations in a timely manner. Calculating dealing prices in accordance with the Company's pricing policy. Recording all brokerage deals in accordance with the Company's settlements and Operations requirements. Raising the profile of the desk. Maintaining fitness and propriety to become and/or continue to be an approved person with the FCA's approved persons regime, if required. Attending and contributing in all team meetings as required by the desk head or other manager. Being alert to Conduct Risk issues, specifically the risk of harm to client interests, market integrity and/or competition in financial markets due to inappropriate practices or behaviours across the firm.

Key contacts/working relationships

Liaising with clients, traders and financial institutions in London and the rest of Europe or globally as required. Securing business through and improving relationships with existing contacts. Developing relationships with new clients in the financial markets, thus increasing the Company's client base. Contributing to brokerage agreement negotiations as required. Entertaining and making personal contacts with existing and potential customers.

Key outputs and key performance indicators

Generate at least the minimum amount of revenue as set out in the individual employment contract. Attesting to and demonstrating sound understanding of all regulatory requirements on an ongoing basis. Actively contributing to the work of the desk, being a team player and ensuring the Company's needs are at the forefront of all activities undertaken on the desk.

Skills / Competencies required

• Technical Ability
  • A high level of product and market knowledge to provide a professional and profitable service to the Company's clients.
  • Computer literacy, with extensive knowledge of market data systems.
  • Firm understanding of compliance regulations and FCA requirements, including specific understanding of market practice and compliance regulations in relation to product.
• Client Relationships
  • Ability to identify client needs.
  • Ability to attract, entertain and do business with new and existing clients.
• Problem Solving
  • Demonstrable mathematical knowledge and excellent numeracy skills.
• Communication Skills
  • Excellent negotiation skills, able to influence others to achieve a successful outcome.
  • Clear and confident verbal and written skills.
• Team Work
  • Works well with others, establishes positive working relationships.
  • Takes opportunities to lead and mentor others.
  • Focuses on the team's goals and shows respect and support for others.
• Planning and Organising
  • Works well towards deadlines, is result oriented, personally driven, motivated and disciplined.
  • Tenacious, resilient, and performs well under pressure.
  • Commits to punctuality.

Qualifications and Experience Required

• Demonstrable understanding of the financial services industry.
• Previously brokered within either an IDB or another financial services corporation.
• Previously traded within either a bank or another financial services corporation.

Systems used

• Excellent PC skills including all Microsoft packages.
• Bloomberg terminal experience, Reuters market data and relevant exchange platform(s).

Personal attributes

• Personal and professional integrity.
• Professional credibility.
• Confident and personable.
• Strong attention to detail.