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For Companies At a Glance
- Tasks: Generate revenue, build client relationships, and ensure compliance in a fast-paced environment.
- Company: Join a leading financial firm in the heart of London, known for its dynamic culture.
- Benefits: Enjoy competitive pay, career progression, and opportunities for professional certification.
- Other info: You'll need to pass regulatory exams to advance your career as a Junior Broker.
- Why this job: Kickstart your finance career with hands-on experience and a supportive team atmosphere.
- Qualifications: No prior experience needed; just bring your enthusiasm and willingness to learn!
The predicted salary is between 28800 - 43200 £ per year.
Role Overview
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 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
The role holder will be able to demonstrate the following:
- 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).
- 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.
Junior Broker (Relative Values Desk) (City of London) employer: BGC Group
Contact Detail:
BGC Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Broker (Relative Values Desk) (City of London)
✨Tip Number 1
Familiarise yourself with the regulatory exams required for this role, such as the CISI UK Regulations exam. Understanding the content and format of these exams will not only help you pass but also demonstrate your commitment to the role during interviews.
✨Tip Number 2
Network with professionals in the finance industry, especially those who work as brokers or in similar roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could help you land the job.
✨Tip Number 3
Develop your negotiation and communication skills through practice. Consider role-playing scenarios with friends or colleagues to build confidence in influencing others, which is crucial for a Junior Broker position.
✨Tip Number 4
Stay updated on market trends and regulatory changes that affect the finance sector. This knowledge will not only prepare you for interviews but also show potential employers that you are proactive and well-informed about the industry.
We think you need these skills to ace Junior Broker (Relative Values Desk) (City of London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Junior Broker role. Emphasise your numerical skills, attention to detail, and any previous experience in high-pressure environments.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your ability to build relationships, your resilience, and your motivation to succeed in a competitive environment.
Highlight Regulatory Knowledge: Since the role requires undertaking regulatory exams, mention any relevant knowledge or experience you have regarding FCA regulations or similar compliance frameworks. This shows your preparedness for the role.
Showcase Teamwork and Communication Skills: In your application, provide examples of how you've successfully worked in teams and communicated effectively with stakeholders. This is crucial for building client relationships as a Junior Broker.
How to prepare for a job interview at BGC Group
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of what a Junior Broker does, especially in relation to generating commission revenue and creating liquidity. Familiarise yourself with the regulatory exams you'll need to undertake and be prepared to discuss how you plan to approach them.
✨Showcase Your Communication Skills
As a Junior Broker, strong negotiation and communication skills are essential. Be ready to demonstrate your ability to build relationships and influence others during the interview. Use examples from past experiences where you've successfully communicated or negotiated.
✨Demonstrate Resilience and Teamwork
The role requires working in a high-pressure environment, so it's important to show that you can handle stress and remain persistent. Share examples of how you've worked effectively in a team and how you've overcome challenges in previous roles.
✨Highlight Your Technical Skills
Given the importance of attention to detail and technical skills in this role, be prepared to discuss your proficiency in Microsoft Excel and your numerical abilities. You might even want to bring along examples of data analysis you've done in the past to showcase your skills.