Sr Equity Options Trader

LPL Financial LLC; Tempe (AZ); On-site; USD 87,000 - 145,000; Full time

Job summary

LPL Financial Holdings Inc. is seeking a Sr. Equity Trader in Tempe to engage with Financial Advisors, assistants, and end clients.

You will develop relationships with market centers and platforms, ensuring compliance and first-class trading support across equity and options products. The role requires FINRA licenses, deep market knowledge, and the ability to manage large trades, train junior traders, and resolve escalated issues while focusing on accuracy and efficiency in a fast-paced desk

Qualifications

• FINRA Series 7 & 63 or 65 licenses required.
• FINRA Series 55 or 57 license required or obtained within 90 days of start.
• Deep knowledge of equity and option markets.
• Thorough knowledge of marketplace rules and regulations.
• Demonstrated high degree of accuracy and attention to detail.

Responsibilities

• Provide guidance and assistance in equity and option trading resulting in the best possible execution.
• Assist in resolving trade and settlement issues by working with 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
• 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

Skills

FINRA licenses

Equity trading

Options trading

Regulatory knowledge

Education

Bachelor's degree

Tools

Bloomberg

TRAfix

EMS/OMS platforms

RFQ platforms

Compliance systems

Job description

Where Ambition Meets Innovation Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

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’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements

• FINRA Series 7 & 63 or 65 licenses required.
• FINRA Series 55 or 57 license required or obtained within 90 days of start
• Deep knowledge of equity and option markets
• Thorough knowledge of marketplace rules and regulations
• Demonstrated high degree of accuracy and attention to detail

Preferences

• 4+ years of trading desk experience
• 3 to 5 years working with and/or supporting financial professionals
• Series 4 & 24 licenses
• Knowledge and experience with Review & Release
• Experience trading in BETA
• Experience with OMS or EMS (TRAfix preferred)
• Experience with BloombergKnowledge and experience with RFQ platforms
• Must be able to work productively in both a small and large group setting
• Excellent customer service skills with the ability to listen and communicate in a clear and concise
• Experience with algorithmic trading
• Bachelor’s degree

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.

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. Join the LPL team and help us make a difference by turning life’s aspirations into financial realities.

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 LPL Financial is the nation’s largest independent broker-dealer.* Our company is widely known for its financial strength, exceptional service, and favorable industry reputation among financial professionals. To understand who we are, it’s important to know our core belief: financial guidance is a fundamental need for everyone. LPL Financial creates the space to let you do what you do best – create personal, long-term client relationships that turn financial aspirations into realities. Each year, thousands of financial professionals successfully manage billions of dollars in assets. Because our company is not too big and not too small, you can seize the opportunity to make a real impact. To learn more about our organization visit our About LPL page. * As reported by Financial Planning magazine, June 1996-2019, based on total revenue. Want to learn more about the benefits of working at LPL? Check out the links below! We Are LPL Benefits Culture Social Responsibility