At a Glance
- Tasks: Manage trading portfolios, assist clients, and provide analytics for the trading desk.
- Company: Join StoneX Group Inc., a Fortune 100 company with a century of experience.
- Benefits: Gain exposure to financial markets and develop your career in a dynamic environment.
- Other info: Opportunity for career growth and certification with the FCA after training.
- Why this job: Dive into the fast-paced world of trading, specialising in cryptocurrencies and asset classes.
- Qualifications: Strong analytical skills and a desire to learn about financial markets are essential.
The predicted salary is between 30000 - 40000 £ per year.
Overview
StoneX Group Inc. connects clients to the global financial markets via a full suite of services including institutional-grade platforms, end-to-end clearing and execution, post-trade settlement, market intelligence and local expertise. A Fortune 100 company with a century-long track record, StoneX Group Inc. (NASDAQ:SNEX) and its 4,500+ employees serve over 54,000 commercial, institutional and payments clients, along with over 260,000 retail accounts, from over 70 offices across six continents.
What We Do
The Self-Directed/Retail segment offers a dynamic and expanding range of products, including FX, CFDs, futures, stocks and bullion tailored to meet the diverse needs of traders and investors worldwide. In addition to digital trading, we provide a full suite of financial services, such as wealth management and investment advisory services, reinforcing our commitment to delivering innovative tools and opportunities for our clients.
What We Stand For
As a regulated and publicly traded company, StoneX Group Inc. is subject to stringent corporate governance, financial reporting and disclosure requirements. Our commitment to integrity, transparency, and trust is integral to building deeply valued, long-term relationships with our clients.
Responsibilities
Job Purpose
The role of Junior Dealer contains three main components: managing trading portfolios, dealing with clients and assisting with the provision of analytics for the desk. These is to be done while acting with the highest ethical and regulatory standards. The candidate will need to develop and become a vital member of a 12 man 24-hour team. It offers an excellent opportunity to gain exposure to the financial markets in a fast-paced role, with a slant towards Cryptocurrencies on a desk that trades all asset classes. The winning candidate will be able to apply analytic skills to assist the desk in PNL maximisation, and have access to all major asset classes before specialising if necessary. In addition, the role offers the candidate the unique ability to set their path within the Trading function, depending on skills and competencies demonstrated, along with their preferences.
Job Timeline
The role is initially one of learning, to have all the necessary knowledge to perform the role. Once this is deemed complete, passing a Dealing Test will be required to enable the Junior Dealer to interact with pricing, order acceptance and any client contact. Alongside this relevant exams must also be sat to prove this competency. On completion of both, the Junior Dealer will be certified with the FCA and able to take on the full role. Repeated failure to complete either test may result in termination if the candidate is not able to demonstrate the necessary competency to perform the role.
General Duties
- Learn the individual trading conditions and rules relating to individual assets and asset classes.
- Monitor market risk exposure and ensure relevant positions are monitored during the shift.
- Assist in creating and developing desk analytics to benefit risk management, client analysis, and pricing teams – all towards the aim of PNL maximisation.
- Ensure Trading management is provided with all relevant information and trading data as required.
- Contribute to the development of the Cryptocurrency Trading and Risk strategy as requested concerning market risk mandates and optimising Revenue extraction.
- Awareness of the real-time integrity of pricing published to clients throughout the shift, working to aid the Pricing Team if needed.
- Ensuring you fulfil any individual requirements in relation to Compliance or MRLO guidance.
- Understand and apply Best Execution and Transaction Reporting requirements to all aspects of your role.
- Work with teams to validate Daily PL, working with Finance relevant to your specific asset class.
- Work within shifts to ensure that all procedures pertaining to the reconciliation of Prime Broker and Liquidity Provider relationships are maintained.
Qualifications
Knowledge and Experience
- Exceptional mathematical and analytical skills demonstrated by university-level qualification or relevant work experience.
- Strong verbal and written communication skills.
- Desire to learn about the financial markets; previous experience is not necessarily vital.
- Ability to thrive under pressure in an intense environment; multi-tasking is a given.
- Shift work necessary, enabling London coverage of 7 am to 10 pm GMT during weekdays and assisting with weekend coverage for Cryptocurrencies (this is an essential part of the role).
Qualification and Skills
- University Level Qualification in a relevant subject or relevant business experience.
- Excel competency, complete computer literacy as systems and processes involved are complex.
- Financial qualifications preferred.
- Programming knowledge is helpful but not a requirement.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Dealer in London
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like StoneX Group.
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to StoneX Group's careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Junior Dealer in London
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at StoneX Group
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
