Equity Trading Associate

Location:            Richmond, VA
Department:       Equity Trading
Davenport is seeking an Equity Trading Associate to join its Equity Trading team.  This full time, non-exempt position reports to the Head of Equity Trading and Chief Administrative Officer.
Responsibilities include, but are not limited to:
  • Assist and back up equity traders, as directed
  • Monitor and complete daily trade reviews and reporting, including operational and compliance filings, ensuring that policies and procedures, as documented, are followed; ensure files are processed and reported accurately, including OATS
  • Best execution monitoring and analysis to improve trading performance.Ensure compliance with all policies to review and approve existing and new trading counterparties
  • Set up and monitor trade routing, process cancel/rebills, monitor open orders, enter and process UIT orders
  • Reconcile inventory accounts and monitor UMA orders entered by portfolio managers and/or RRs through BETA trade functionality Basket & Block and MRT
  • Participate in development and testing of process and technology improvements
  • Collaborate with P&S and Settlements to improve business relationships and efficiency
  • Collaborate with Compliance to monitor new regulatory changes and update policies and processes as applicable
  • Bachelor’s degree, Series 7 & 57 (55) or is capable of passing such exams within 3 months of hire
  • 3-5 years financial services experience, preferably in trading and/or compliance trade support
  • Strong computer skills, proficiency in Microsoft Office Suite, particularly Excel and PowerPoint, as well as the ability to evaluate and learn new systems and applications
  • Knowledge of Thomson Beta systems or Flex Trade/ColorPalette – (LAVA) trade order management system or ability to master upon employment
  • Understanding of the full life cycle of a trade is a must, along with a general understanding of the markets and market structure, as well as the willingness and aptitude to learn more
  • Demonstrated decision-making capabilities, logic, and good judgment
  • Candidate must have good people skills, be able to communicate effectively and be capable of operating in a fast-paced environment
  • Strong math aptitude, numerical and quantitative analysis skills
We offer a competitive salary and excellent benefit program, including safe harbor 401(k) contribution, profit sharing plan, disability and  life insurance, high deductible health plan with an HSA, Paid Time Off and elective dental benefits.  We offer wellness programs and support a friendly and collegial culture, with company sponsored volunteer opportunities during business hours.
Submit your resume and cover letter by using the 'Apply' button located on this page.
Davenport & Company LLC provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.