Associate Equity Trader - Russell Investments

Onyx Staffing; New York (NY); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Annual performance bonus

Healthcare benefits

Retirement plan

Job summary

Onyx Staffing, in partnership with Russell Investments, seeks an Associate Trader to join the trading team in Seattle. Focus on U.S. equities with potential coverage of APAC/EMEA markets.

Play a key role in global equity trading for Russell Funds, Trading Clients, and Transition Management Clients. Responsibilities include executing diverse trading strategies, refining strategies with risk models, and maintaining best execution practices.

Qualifications

• Bachelor's degree in finance or related field.
• 1–2+ years trading experience in brokerage/trading.
• Knowledge of domestic markets; international markets a plus.
• Willingness to study SIE and Series 7/55/66 licenses.
• Strong communication and problem-solving skills.

Responsibilities

• Trade and execute a broad array of equity trading strategies.
• Develop and implement trading strategies using risk models and analytics.
• Ensure compliance with Russell's best execution guidelines and risk controls.
• Interface with clients, investment managers, and multiple execution systems.

Skills

Trading experience

DMA/Algo trading

Equity markets

SIE/Series licenses

Communication skills

Education

Bachelor's degree in finance

Tools

Equity OMS

Trading EMS

Job description

***Onyx Staffing is working with Russell Investments to fill this role***

This role will be part of the trading team located in Seattle with a specific focus on America’s Equity Markets, and potential for rotation staffing to cover Asia-Pacific and EMEA Equity Markets as needed. This associate will be a key member of a team responsible for providing global equity trading for the Russell Funds, Trading Clients, Transition Management Clients and Investment Managers.

Associate Trader Salary Range: 90,000 to 120,000

Trader Salary Range: 120,000 to 140,000

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Your Core Responsibilities:

Trading: Collaborate with equity trading team to execute a broad array of trading strategies, from global trading mandates to more focused mandates.

Strategy development and implementation of trading: Interact with senior members of the team using risk models, optimization systems, and other trading analytic systems. Research trading costs associated with various strategies and implement the most cost-effective strategy.

Risk Management and Best Practices: Liaise with numerous clients, investment managers/portfolio managers and execute program and/or single order transactions. Continue to learn and implement the established best practices to ensure trading strategies conform to Russell’s best execution guidelines. Interface with various systems and operate multiple market facing execution technologies.

Your Expertise:

• Bachelor's degree in finance or a related area.
• 1-2+ years of trading experience in the brokerage/trading industry.
• Trading knowledge of Domestic markets with knowledge of International Equity Markets considered a plus.
• Experience with Equity OMS and Trading EMS a plus
• Experience trading live in markets using execution tools, including DMA, Algorithmic Trading. Ability to understand and work with multiple complex trading system configurations.
• Expected to study and receive SIE and Series 7, 55, 66 licenses.
• Advanced degree or interest in studying to become a CFA charterholder are considered a plus. Excellent communication skills.
• High Degree of Focus, Discipline and work ethic.
• Detailed oriented & excellent problem-solving skills.
• Ability and willingness to function in a dynamic, fast-paced, technological environment with highly specified instructions.
• Driven self starter looking to take on new responsibilities in a challenging environment