Equity Trader at Nedbank

Job Purpose

• To act as an intermediary between equity traders and key institutional clients to maximise commission revenue, ratings and market share in achievement of Nedbank’s' strategic objectives.

Job Responsibilities

• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g., staff surveys etc).
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Ensure efficiency of support staff by tracking progress of allocated responsibilities and taking action where required.
• Ensure all clients are set up according to Nedbank internal; JSE and other regulatory bodies.
• Manage defined risk categories at targeted levels driven by internal and external guidelines; and regulatory/compliance/governance requirements.
• Provide quality; timeous and value-adding reports on market activity. Understand the mechanics and drivers to trade all equity products within the required frameworks.
• Identify and resolve any issues immediately and keep risks to a minimum by ensuring that all clients receive correct contract notes and reporting timeously.
• Provide input into the crafting of procedures, standards, and processes.
• People Specification
• Identify client's needs and expectations; build on relationships with existing and new clients and endeavour to expand client base.
• Develop trusting; professional relationships with internal stakeholders to smooth the flow of work through regular contact and working through challenges and obstacles. Build and maintain collaborative relationships with vendors through regular communication and contact.
• Establish sound working relationships with the team through information sharing and adding value to each other's daily tasks.
• Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned. Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g., operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees
• Essential Certifications
• Preferred Qualification
• Relevant Honours degree, CFA (Chartered Financial Analyst or studying towards completing this qualification)

Essential Certifications

• JSE Traders Exam, Registered Persons Exam
• SAIFM RPE exams
• The Regulation and Ethics of the South African Financial Markets (Compulsory module)
• Introduction to the Financial Markets (Compulsory module)
• The Equity Market (Elective module)
• The Bond Market (Elective module)
• The Derivatives Market (Elective module)
• The South African Money Market (Elective module)

Minimum Experience Level

• 3-5 years sales trading experience in financial markets

Technical / Professional Knowledge

• Business writing
• Communication Strategies
• Governance, Risk and Controls
• Industry trends
• Microsoft Office
• Principles of financial management
• Principles of project management
• Relevant regulatory knowledge
• Decision-making process
• Business Acumen
• Behavioural Competencies
• Building Customer Loyalty
• Earning Trust
• Communication
• Collaborating
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills