Asset Broker

This role is responsible for:

• Generating commission revenue for the Company.
• Creating liquidity by obtaining dealing prices and interests from clients, for the desk.
• Creating new business as well as developing and enhancing existing client relationships.

The role holder will be required to undertake regulatory exams in order to become SMCR certified, including the CISI UK Regulations exam (including Integrity Matters Test) and either the CISI Securities and/or Derivatives exam. Having completed the required exams, the role holder will be certified under SMCR. However, it should be noted that the role holder will hold the job title of Junior Broker for a minimum of six months before progressing to a Broker role.

Regulatory Status

The role is Certified as defined under the Senior Manager & Certification Regime. The role holder will operate 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.

Personal Attributes

• Personal and professional integrity and credibility.
• Confident and personable with the ability to build relationships with stakeholders and clients.
• Resilience, resolve, persistence, and competitive attitude with the ability to work in a high-pressured, intense environment.
• Self-motivated and able to demonstrate initiative.
• Excellent negotiation and communication skills with the ability to influence others to achieve a successful outcome.
• A strong team player, who works well with others and can establish positive working relationships.
• Role modelling the organisation’s Core Values, escalating potential concerns or issues regarding market or personal conduct.
• A good understanding and promoting of diversity and inclusion within your team and the organization more broadly.

Technical Skills

• Strong attention to detail.
• Strong technical and Microsoft Excel skills.
• Strong numerical skills with the ability to undertake complex analysis of data.
• Up to date relevant regulatory and product knowledge.

Control Oversight

The role is responsible for adhering to the below control framework and market changes:

Key Daily Controls

• Pre-Trade execution checks (ensuring orders have been received over approved channels, that clients and instruments have been approved to trade, trades have been booked correctly and are within firm’s risk appetite).
• During Trade checks (ensure that amounts entered on an order are within fat finger tolerances to prevent data errors and that correct brokerage has been charged).
• Post-Trade checks (trade execution blocks are recorded accurately and reported within the required time window, trades are accurate and confirmed to clients, fees and charges are validated, trade execution legs match each other and are matched in the market).
• Intraday interaction with support functions in addressing any issues/exceptions that may arise as part of the daily business activity (e.g. cancel/amends, fails, unmatched matched principle, credit limits, extended settlements, kerb trades, unapproved trades, late booking etc.).
• EOD Desk attestation (if a delegate).

Other Controls

• Adherence to all Risk limits (e.g. credit utilization) and Compliance requirements.
• Desk Assistant / Trade Input Clerk oversight (one-on-one & PMO).
• Only service onboarded (CDD) approved clients.
• Be aware of regulatory changes and developments.
• Keep up to date with product development including new strategic initiatives.