Associate Trader

Summary

Join Wealthsimple's Capital Markets team as an Associate Trader and contribute to the firm's growth by implementing collateral optimization strategies and working with the securities finance team. You will be responsible for automating processes, collaborating with cross-functional teams, and supporting the trade desk. This intermediate front office role focuses on securities finance and collateral management, offering opportunities to lead, contribute to daily operations, identify revenue opportunities, and improve workflows. You will be directly accountable for the team's success in a fast-paced, growing business. This role requires a minimum of two years of experience in collateral management/securities finance, excellent communication skills, and a deep understanding of the trade life cycle. Wealthsimple offers a competitive salary, top-tier benefits, and a remote-first work environment.

Requirements

• Minimum two years of experience within the collateral management/securities finance industry
• Excellent communication and interpersonal skills
• Coachable and ability to work within a fast paced team-first environment
• Quick thinker, adept at calculating and interpreting financial data on the fly
• Nimble and adaptable; able to think outside the box and shift one’s mindset as market conditions change without notice
• Deep understanding of the trade life cycle from execution to settlement
• Fundamental grasp of financial markets including why investors seek to pursue specific opportunities and what they require to achieve them
• Understanding and empathetic to the challenges of scaling a business, but excited to tackle them
• A willingness to lead initiatives; a self-starter who is confident in building out processes both independently and collaboratively
• Bachelor’s degree in finance, accounting, economics, or related field

Responsibilities

• Lead the collateral optimization function while collaborating with cross-functional partners across the firm
• Contribute to the day-to-day securities finance operations on the Trade Desk including order execution, inventory management, and risk governance
• Identify revenue opportunities via assessment of market data reports, communication with institutional partners, and optimal inventory management
• Manage counterparty relationships and ensure that stakeholder accountabilities are fulfilled
• Measure, track and improve trading workflow between front office, middle office and settlements teams
• Troubleshoot breakdowns in daily functions, identify blockers and implement solutions to resolve issues
• Create new and optimize existing business processes to improve our productivity, increase efficiency, reduce errors and minimize transactional/opportunity costs
• Implement and monitor metrics for critical operational processes and trading operations

Preferred Qualifications

• Experience with SQL and Excel is an asset
• Fixed income market knowledge is an asset
• CIRO registration an asset

Benefits

• Competitive salary with top-tier health benefits and life insurance
• Retirement savings matching plan using Wealthsimple Work
• 20 vacation days per year and unlimited sick and mental health days
• Up to $1,500 per year towards wellness and professional development budgets respectively
• 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
• A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
• Company-wide wellness days off scheduled throughout the year
• Remote-first team