Head of Proprietary Dealing

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Aim and purpose of the job:

1. Managing and leading the Proprietary Dealing Team
2. Liaising with the Pershing Dealing Team in relation to proprietary dealing matters for WCIM
3. Liaising with market counterparties, including but not limited to Market Makers, and platforms
4. Administering, and where necessary enforcing, good market etiquette on the team and adherence to FCA rules and company policies
5. Managing the firm's proprietary trading books with the objective of generating revenue for the firm using trading strategies including arbitrage trading strategies
6. When required, to provide cover for the Central Dealing team and to liaise between the firm and Pershing's Central Dealing Team

Duties:

1. Leading, managing and training members of the Team
2. Ensuring that the team uses the trading services effectively
3. Collaborating with Pershing to manage, complex dealing orders and to execute in the best possible manner to achieve the best possible outcome for the firm
4. Ensuring the teams' trading exposure remains within the limits set by the firm (usually by the Risk team)
5. Keeping the P&L of the trading positions accurate and up to date
6. Monitoring stock and trading positions to ensure delivery deadlines are met
7. Ensuring that all dealing activities conform to the rules and the wider market etiquette
8. Remain abreast of regulatory changes
9. Generating ideas that can enhance the firm's business
10. Adherence in reporting and escalating to Line Director any information where it would be reasonable to assume to be of material significance
11. Taking on other duties that my Line Director or Senior Management deems necessary to fulfil the requirements of the role.

Other Requirements:

1. Detailed knowledge of major financial instruments
2. A proven track record of significant and extensive experience in the execution of a multitude of financial instruments
3. Good knowledge of how the instruments are settled, therefore trading and executing in such manner that enables successful settlement
4. Expert in the UK and global markets, good knowledge of the US and other major world markets
5. Expert in the systems required for the purpose of executing or dealing in the financial instruments required by the business (including the AWOL trading system and Pershing's Nexus OMS system), of order management and data systems
6. Ability to remain current with respect to issues of regulation, new instruments and dealing techniques
7. Good leadership and management ability, leading the team of Proprietary Dealers
8. Highly accurate and numerate
9. Ensure that my knowledge of impending changes within the industry, whether regulatory or technical, are at a level to fulfil all of the above, and to inform the Training & Supervision Department if further training is required