Sr Equity Options Trader

lplfinancial; Tempe (AZ); 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 is seeking a Senior Equity Trader in Tempe, AZ to engage with Financial Advisors, assistants, and end clients. You will trade equities and options, resolve issues with market centers and back office, and train junior traders in a fast-paced, collaborative environment.

The role requires FINRA licenses (7/63 or 65, and 55 or 57 within 90 days), deep market knowledge, and strong regulatory understanding. The team values accuracy, adaptability, and client-focused service across desks.

Qualifications

• FINRA licenses required or obtained within 90 days of start.
• Deep knowledge of equity and option markets.
• Thorough knowledge of marketplace rules and regulations.
• Demonstrated accuracy and attention to detail.
• Bachelor's degree preferred.

Responsibilities

• Provide guidance in equity and option trading for best execution.
• Resolve trade and settlement issues with market centers and back office; liaise with third-party managers and advisors.
• Review and approve large trades; review blotter after the close daily.
• Provide support, guidance, and training for junior traders.
• Handle escalated calls and issues.
• Identify and implement efficiencies on the trading desk.

Skills

FINRA licenses (7 & 63 or 65)

Series 55 or 57 license

Equity & options markets knowledge

Regulatory rules knowledge

Attention to detail

Education

Bachelor's degree

Tools

Bloomberg

TRAfix EMS

OMS/EMS platforms

RFQ platforms

Review & Release

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'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 Bloomberg
• Knowledge 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.

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, p