Trader - Commonwealth Financial Network : Job Details

If you're looking for a high-energy, inclusive atmosphere and a company that understands the importance of work/life balance, Commonwealth is your match! From generous bonus and 401(k) programs to tuition reimbursement and flexible work schedules, Commonwealth is focused on helping its employees thrive in an environment suited to their needs. On top of all that, the Trade Desk department offers a hybrid work schedule, so you'll be able to work from home for part of the week!

We're looking for a Trader to join our ranks. The Trade Desk executes the purchase and sale of securities on behalf of our advisors' clients. The Trade Desk also provides support and training to advisors on how to use our portfolio rebalancing system along with various other electronic trading platforms we have available. We are looking for an energetic, hardworking individual to join our fast-paced Trading department. The ideal candidate will have strong computer skills, knowledgeable in current market conditions, possess excellent communication skills, be able to handle difficult situations in a professional manner, work effectively as part of a team, and adapt quickly to constantly changing rules and procedures.

Key Responsibilities

• Being logged into a phone queue answering questions received from advisors and their clients
• Executing mutual fund, equity, option, unit investment trust trades within National Financial (NF) and Pershing accounts
• Handling assigned cases, re-org items, trade corrections, control stock, and cashless stock option exercises
• Answering questions and providing training via phone and e-mail on our various proprietary electronic trading platforms
• Troubleshooting problems and identifying trade system issues
• Being able to follow Trade Desk and FINRA/SEC procedures and regulations

Core Strengths and Skills

• FINRA Series 7 securities license, required. FINRA Series 24 and 4 Preferred.
• Minimum 3 years' experience working in financial services with at least 1 year working on a Trade Desk
• Experience working within a phone and e-mail queue
• Experience using Portfolio Rebalancing Systems
• Knowledge of NFS and Pershing systems
• Detail-oriented
• Good listening/communication skills
• Good to Expert with MS Office, especially Excel, Outlook, and MS Teams
• In depth knowledge of deciphering brokerage account balances/history including margin and cash debits
• Ability to work in a fast-paced environment
• Quick learner
• Familiarity with FINRA/SEC Rules such as 2114, 5270, and Reg T

About Commonwealth

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides a suite of business solutions that empowers more than 2,000 independent financial advisors nationwide. Privately held since 1979, the firm has headquarters in Waltham, Massachusetts; San Diego, California; and Blue Ash, Ohio.

Turning our advisors into raving fans starts by doing the same for our employees. We foster an environment of excellence, growth, rewards, and fun in equal measure, which has earned us 44 Best Place to Work awards.

The Fine Print

We care about your online safety as a prospective employee and encourage you to exercise caution when responding to job postings online. Commonwealth will never ask potential hiring candidates to pay or transfer funds as a precondition of interviews or employment, nor will we authorize recruiters or agents to do so on our behalf.

Commonwealth is an equal opportunity employer, making intentional efforts to source talent from all backgrounds.