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Execution & Sales Trader

Luxembourg, LU, L-2955

Purpose of the Job

 

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. 
We are a bank headquartered in Luxembourg , with branches in Germany, Netherlands and Belgium and a subsidiary in the UK and supervised by the ECB with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth.

 

When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes. 

 

The successful candidate will work as part of the Execution & Sales team in Markets Execution. 

Markets Execution desks collect orders in Equities, ETFs, Bonds, Derivatives, FX Products, Funds, Limited Partnership and Third-Party Structured Products from in-house account managers and branches, ALM, institutional customers and professionals. They also execute and handle these transactions to maximise customer satisfaction and to respect the Bank's best execution policy.   

Furthermore, the Markets Execution desks also supervise the straight through processing flow to brokers, counterparts and transfer agents and assure the follow up of all pending orders or other market events. Markets Execution desks build and follow up relationships with brokers, counterparts and transfer agents’ network in order to guaranty access to all main markets of the world or the largest securities panel at competitive conditions. 
 

Key Accountabilities

 

  • Collect orders in Equities, ETFs, Bonds, Derivatives, FX Products & Third-Party Structured Products from in-house account managers and branches, institutional customers/professionals and input them in OMS.     
  • Execute and handle transactions in these instruments on different markets for clients in custody as well as external clients, through FIX, Ullink, Bloomberg EMSX, Bloomberg TSOX, Tradeweb and Swiskey Platform.         
  • Analyse transactions with market conditions, determine the best execution way with client consent, perform Care orders and make use of adapted algorithmic tools. 
  • Confirm clearly and with precision the conditions of executed transactions to clients and counterparts 
  • Assure the follow up of transactions by claiming acknowledgement, claiming confirmations and booking the client's instructions & execution conditions. 
  • Supervise the straight through processing flow to brokers and counterparts and assure the follow up of all pending orders. 
  • Be the point of contact for institutional & professional customers in terms of Equities, ETFs, Bonds, Derivatives, FX Products & Third-Party Structured Products execution matter. 
  • Achieve Best & Timely Execution 1LoD controls for Markets Execution (Equities, ETFs, Bonds, Derivatives, FX Products and Third-Party Structured Products) in collaboration with Compliance 

 

Knowledge and Experience

 

  • University degree or equivalent experience 
  • At least 5 years of relevant experience in banking activities 
  • Strong understanding of Equities, ETFs, Bonds, Derivatives, FX Products, Funds & Third-Party Structured Products universe and involved risks. 
  • Good understanding of Luxembourg banking/financial legislation/regulations (MiFID, MiFIR, MAD)/taxes and settlement processes 
  • Good understanding of electronic means of communication 

Attributes and Qualities

 

  • Open-mindedness, good communication skills (oral as well as written) & commercial Attitude 
  • Ability to withstand high stress situations, fast-paced environment and understand complex financial market conditions and instruments 
  • Result driven and rigorous in approach 
  • Team player
  • Ability to work without constant supervision. 
  • Ability to work to deadlines. 
  • Self-confident, motivated & reliable 

Technical Skills

 

  • Proficient use of MS Office, Bloomberg (EMSX & TSOX), other trading platforms (Swiskey, Ullink, Tradeweb, …) and LO platform 

Languages Skills

 

  • Fluent in French, English, German & Dutch. 
  • All other language will be considered as an advantage 

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