Junior Broker

BGC Partners
London (East)
03 Nov 2017
16 Nov 2017
Contract Type
Full Time
About the role
Supporting the desk by completing trade tickets, running electronic platforms and liaising with the Desk’s Swap Execution Facility (SEF). The role holder will operate at all times in accordance with FCA and other relevant regulatory requirements and be fully aware of and act in accordance with relevant desk procedures and compliance and other policies and procedures. Following full training, this role will be required to generate commission revenue for the Company.
Key Responsibilities:

Core Activities

  • Supporting brokers and management on the desk to fulfil their obligations.
  • 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.
  • Complete all assigned training and policy attestations in a timely manner.
  • Support brokers and understand how to calculate dealing prices in accordance with the Company pricing policy.
  • Recording all brokerage deals in accordance with the Company’s settlements and Operations requirements.
  • Raising the profile of the desk.
  • Maintain fitness and propriety to become and/or continue to be an approved person with the FCA’s approved persons regime, if required.
  • Attend and contribute in all team meetings as required by the desk head or other manager.
  • Be 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

  • Support the brokers and all desk population with their day-to-day business.
Key outputs and key performance indicators

  • Generate at least the minimum amount of revenue as set out in the individual employment contract (there will be a one to two year holiday for Junior Brokers).
  • Attesting to and demonstrating sound understanding of all regulatory requirements on an ongoing basis.
  • Actively contribute 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 in order 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 Interest Rate Options
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, establishing positive working relationships
  • Focuses on the team’s goals
  • Shows respect and support for others
Planning and Organising

  • Works well towards deadlines
  • Result Oriented
Personal Drive, motivation and work ethic

  • Tenacity
  • Resilience
  • Discipline
  • Performs well under pressure
  • Punctuality
Qualifications and Experience Required:

  • Demonstrable understanding of financial services industry
Systems used:

  • Good PC skills including all Microsoft packages
Personal attributes:

  • Personal and professional integrity
  • Professional credibility
  • Confident and personable
  • Strong attention to detail
  • Proactive
  • Must enjoy working in a fast-paced environment
Generous Benefits Package:

22 Days Holiday plus bank holidays (Perm only)40 hour working weekPension SchemeCycle to Work Scheme (Perm only)Childcare Voucher SchemeExcellent Maternity & Paternity LeaveDiscounts on healthcare
This job was originally posted as www.cwjobs.co.uk/job/77467162