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Italian Financial Trader

Employment Type: Permanent
Location: Central London - London, United Kingdom, London
Salary: £30,000 - £40,000
Grapevine Search and Selection
Advertiser: Grapevine Search and Selection
Posted: 23 Sep 2009
Reference: TradIt
Languages:
All of these languages are required
Italian

Job Description

We have 2 positions within this company, 1 as a Junior Dealer paying £30,000 and the other for someone with around 2 years experience paying £40,000. Fluent Italian is absolutely essential for this role. Working for a highly successful and progressive financial services company, offering excellent benefits, training and progression.

Job Purpose:
The job of a Sales Trader comprises two main duties; executing deals for existing clients and making outgoing sales calls to promote the retention of dealing clients thereafter. The trading element will be necessarily reactive as we do not advise. Volumes will largely be dictated by exogenous factors, such as market volatility. Key skills in performing this role satisfactorily will be speed and efficiency of execution, attention to detail and accuracy and knowledge of market mechanics.
Sales Traders will be allocated new clients by the New Business department. Sales Traders will telephone new clients in a timely manner and apply the principles of in-house sales training to convert and retain their clients, insofar as is possible.
FSA Approval: This role requires the job holder to be approved by the FSA

Sales Traders will be required to work shifts through the week. Shifts are not normally longer than 9 hours and there will not normally be more than two late shifts in any week. It is unusual that Sales Traders will need to work before 7am or after 10pm and weekend work is not routinely required, although may be periodically for client events, seminars etc. It will, periodically, be necessary to work on bank holidays although holiday is earned in lieu.
Dealing
Full training will be given to pass the ‘bet test’. This must be passed within 6 weeks of starting and within two attempts. Ongoing training once the bet test is passed is provided “on the job” and will involve close liaison with other dealers and a Sales Trader mentor. Whilst a large amount of time will be spent handling incoming dealing lines, it is the Sales Trader’s responsibility to ensure that clients allocated to them are contacted and managed with the aim of improving his/her retention rate. (Clients will not typically be allocated to new Sales Traders until the end of the probation period). Below is the expected schedule which will ensure both dealing and sales functions can be performed consistently.
Introductory and follow-up sales calls that are due will be made each day
•• The objective of each call is to gain commitment from the client to move forward. All next steps agreed should be recorded in Salesforce including the date/timescale agreed with the client.
New Client Follow-Ups
To ensure that the introductory and follow-up calls are consistently achieved, Sales Traders are arranged in teams, under a team leader. The team’s role is to collectively improve its retention rate through the quantity and quality of client contact and progress, successes and shortcomings will be discussed regularly with the team leader, and whole team if appropriate.
Previous experience:
Approx 6 months' experience of derivative sales
Knowledge and experience of financial markets
Desirable
Worked within a financial environment such as a busy dealing room
Knowledge and experience of spreadbetting/CFD’s
Qualifications Essential
Educated to Degree level or equivalent
Desirable
Good degree in a numerate subject
Securities Institute Securities & Financial Derivatives certificate
Skills Essential
Highly numerate
Pays attention to detail
Able to communicate with and develop relationships with clients
Excellent telephone manner
Computer literate in Microsoft Office packages
Self-motivated and able to work at a consistently high standard
Able to take proactive action when necessary
A logical and analytical approach
Able to work in a pressurised environment

Due to the nature of this position, the recruiter has requested to restrict applications by location Only candidates in Europe (EEA)

You cannot apply for this job as it is no longer active.

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