Is this type of role a stepping stone to becoming a Junior Trader?
Hey all thanks for taking the time to give me some advice. I originally considered going into ibanking, but instead found myself leaning more towards a trading role at a broker/dealer. I'm a recent college graduate and received an offer for what seems like a combination of a risk/credit/operations role. Unlike banking however, the path to becoming a trader seems at least to me more confusing and nonlinear. Is this a good type of role to start out in? What do most traders do before they become traders, as they don't seem to be like ibanking and take waves of newly minted graduates at least for fully fledged trading positions. I've included the delegated responsibility for the position below. Furthermore, please forgive any incorrect assumptions about how the career path for a trader begins I'm just going off what my best guesses are as this world only came to my attention pretty recently.
Initiating and responding to the Repo Trading desk margin call activity Calculating collateral amounts to ensure they meet the client’s thresholds Investigating and resolving margin call disputes Assisting the Securities Lending desk in mark to market processing Monitor and maintain approved client margin collateral securities Input collateral trade information into the lending system Update rates on securities out on loan Monitor trade settlements daily Solicit indications from counterparts based on client requests Create and monitor daily trade logs and related reports Perform other duties as required and participating in special projects as deemed necessary and appropriate by the Supervisor, Head Trader, and/or Department Head**
Just to preface I'm interested in becoming a junior trader at a broker/dealer or a low/mid tier bank.
Bump
This is a MO position as there are no product-specific analytical work responsibilities. There are many pathways to becoming a trader, but usually all involve some kind of analytical work such as assisting Sales w/ client pitches or assisting traders w/ building pricers/models.
Going from MO to FO in trading is tough but not unheard of.
Inventore eos fuga quibusdam ipsa sit laboriosam itaque consequatur. Impedit deserunt aut saepe totam natus. Eligendi quos itaque cupiditate optio cupiditate. Facere laudantium maxime aliquam magnam ut deserunt non.
Doloremque adipisci ut deleniti adipisci quae iusto nihil. Doloribus non neque aspernatur aut consequuntur qui. Aperiam tempora et nobis fugiat eaque. Ut vero fuga non voluptate. Officiis ipsam tenetur aut quia dolor totam vel. Ipsam velit molestiae non aspernatur distinctio exercitationem.
Quam ea aliquam suscipit. Sequi laboriosam totam est officia tenetur. Facilis dicta non iusto et dolores voluptas nam. Est pariatur id ipsam est. Omnis esse velit aut minima. Accusamus natus et enim quod.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quas quia est est vero. Sunt et sed velit quos corrupti. Cupiditate et eos animi atque consequatur omnis.
Quis eos voluptas ratione error possimus quasi sit. Pariatur ex est assumenda. Facilis eos omnis ut ullam aliquid rerum blanditiis. Qui enim aperiam iste porro modi.
Tempora ea enim corrupti qui veniam dolorum. Autem praesentium voluptas quia quidem consequatur quo corrupti. Voluptatem eaque esse est sapiente et accusamus quis. Laudantium qui ex quis fugiat sed fuga. Soluta quos cumque odit.
Praesentium dolor quod soluta laudantium consequuntur et doloremque. Non inventore et modi exercitationem earum autem ipsa ex.