What are the responsibilities and job description for the Principal, Trading position at BNY Mellon?
Executes highly complex and large trade orders in an efficient, timely and cost-effective manner. Manages the work direction of daily client activity, improving client experience based on any feedback provided. Ensures transaction pricing are aligned with both bank and client requirements. Liaises with compliance and legal bodies to ensure risk and capital management policies are followed. Works with large or highly complex client accounts or products. Largely owns pricing processes for securities traded. Provides junior traders and clients with expertise regarding security vehicles and trading strategies to maximize portfolio performance. Maintains broad expertise in all product offerings. Manages risk associated with trades. Serves as a cross-functional resource on the need’s assessment and trade execution strategies. Identifies high-risk problems and provide solutions, adjusting as necessary, within broad trading strategies and procedures. Provides strategic and tactical market advice to sales staff and clients. Develops pricing and trading strategies based on market research. Liaises with internal compliance, credit and risk functions on execution and trading related matters and functions. No direct reports. Provides daily work direction for less experienced Traders and assumes management responsibilities, as required. Bachelor’s degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred.7-10 years of total work experience preferred. Experience in trading or brokerage preferred. Applicable local/regional licenses or certifications as required by the business. BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients, and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
