Sr Equity Options Trader

LPL Financial; San Diego (CA); On-site; USD 87,000 - 145,000; Full time

Benefits offered by this job

401K matching

Health benefits

Employee stock options

Paid time off

Job summary

LPL Financial in San Diego seeks a Senior Equity Trader to engage with Financial Advisors, assistants and clients, delivering best execution across equity and option trades while ensuring regulatory compliance. You’ll drive education, build relationships with market centers, and support the trading desk with expert guidance.

The role requires FINRA Series 7 & 63/65, or 55/57 within 90 days, strong risk management, and a track record of trading desk experience.

Qualifications

• Deep knowledge of equity and option markets.
• FINRA licenses required: Series 7 & 63 or 65.
• Series 55 or 57 license required or to be obtained within 90 days.
• Strong accuracy, detail orientation, and client service skills.
• Ability to explain complex subjects and workflows to Advisors.

Responsibilities

• Provide guidance for best execution in equity and option trading.
• Resolve trade and settlement issues with market centers and back office.
• Review and approve large trades; monitor blotter after close.
• Train and support junior equity traders.
• Handle escalated calls and drive desk efficiencies.

Skills

Equity trading

Options trading

Regulatory knowledge

Client service

Risk management

Team leadership

Communication

Decision making

Education

High school diploma or equivalent

Bachelor’s degree preferred

Tools

OMS

EMS

RFQ platforms

Job description

Job Overview

As a Sr. Equity Trader you will be engaging with both Financial Advisors, assistants and their end clients. Traders will also make outbound calls to Advisors regarding trades, corrections, and even education. Additionally, the successful candidate will develop relationships with 3rd party market centers and executions platforms as well as other internal departments within LPL including Product, Compliance, Purchase & Sales, Licensing & Registration, Business Development and others all with the goal of providing first-class equity and options trading support. You will be supporting other equity traders as well. We expect Sr. Traders to become subject matter experts and have the ability to understand multiple products and the risks, fees, and differences between them all. Traders must also understand and be able to explain the regulatory requirements and LPL Financial policies that govern the products we support and ensure compliance with product guidelines, LPL Financial policies and regulatory requirements. Being flexible and adaptable to competing priorities will be one of the key success factors for this position.

Responsibilities

• Provide guidance and assistance in all aspects of equity and option trading resulting in the best possible execution
• Assist in resolving trade and settlement issues by working with the market centers, exchanges, and back office as needed. You will also liaison with third-party money managers, Registered Investment Advisors and Institutional Traders to provide exceptional equity and option trading support
• Will be responsible for reviewing and approving large trades for the trading team. You will be accountable for your trade execution quality and are expected to review your blotter after the close daily
• Providing support, guidance, and training for junior equity traders
• Able to handle and resolve escalated calls and issues
• Think outside of the box and leverage all means possible to find ways to create efficiencies on the desk

What are we looking for?

We want a strong collaborator and leader who can deliver a world‑class client experience. The candidate should be able to guide and support other traders on the team. We are looking for people who thrive in a fast‑paced environment, are client‑focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement. LPL is looking for traders that also have the necessary soft skills on the phone to break down complex subjects and educate Advisors on workflows, strategies, and best practices. The candidate should be of high integrity and have the ability to keep risk management front and center while making quick decisions.

Requirements

• Deep knowledge of equity and option markets
• Thorough knowledge of market place rules and regulations
• Demonstrated high degree of accuracy and attention to details
• Excellent customer service skills with the ability to listen and communicate in a clear and concise
• FINRA Series 7 & 63 or 65 licenses required.
• FINRA Series 55 or 57 license required or obtained within 90 days

Preferences

• 4+ years of trading desk experience strongly preferred
• Series 4 & 24 licenses preferred
• Knowledge and experience with Review & Release
• Experience trading in BETA strongly preferred
• Experience with OMS or EMS strongly preferred
• Knowledge and experience with RFQ platforms
• 3 to 5 years working with and/or supporting financial professionals
• Must be able to work productively in both a small and large group setting
• Experience with algorithmic trading
• High school or equivalent diploma; Bachelor’s degree preferred

Why LPL?

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker‑dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential. We are one team on one mission. We take care of our advisors, so they can take care of their clients. Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

Pay Range

$86,726.00 - $144,612.00

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.

Company Overview

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients. For further information about LPL, please visit www.lpl.com.

Principals only. EOE.

Information on Interviews

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at [phone].

EAC 5.19.26