Cannabis Capital Markets High Risk Trading Manager Jobs

Job Description:

Job Role

• Business Executive: Equity Trading Risk Oversight
• Responsible for ongoing review, maintenance, and implementation of policy, governance, monitoring, and communications around high risk trading activities for Wealth Management clients

Job Overview

Trading volumes have increased dramatically and the breadth of potential categories of risk has increased with activity in securities linked to crypto, cannabis, OFAC sanctions, or with high short interest driving increased volatility. This role will focus on expanding our ability to monitor risk, activity, and exposure in high-risk securities, and to be proactive in initiating sound policy and routines to protect clients and the Firm. The role will necessitate close partnership with control partners and Operations, key channel partners in Merrill Lynch Wealth Management and Consumer Investments, and other impacted LOBs such as Margin Lending.

Responsibilities

• Responsible for ongoing review, maintenance, and implementation of policy, governance, monitoring, and communications around high risk trading activities for Wealth Management clients
• Partner with LOBs such as Margin Lending to coordinate approach to high-risk securities
• Coordinate with channel partners in Merrill Lynch Wealth Management and Consumer Investment to ensure alignment and agreement in approach to high-risk trading activity
• Deep participation in development of technological controls that will allow trading rules to be configurable across channels and client segments
• Maintain close coordination with GBAM around trading infrastructure and shared systems / controls
• Implement proactive monitoring routines through strategic technology builds to establish foundation for visibility and transparency of high-risk trading activity
• Key contributor to PMIC (Product approval and governance process) for any matters that implicate trading risk
• Drive communication to advisors and clients for any material changes in approach around Trading Risk which impact these stakeholders

Qualifications

• Series 7 license and expansive knowledge of securities, trading, markets, and WM
• Program Management Experience
• Resourcefulness and strong command of data, analytics, and technology
• Ability to execute and drive both short-term and long term projects with broad range of stakeholders
• Strong product knowledge
• 10 Years of Industry Experience

Coverage

• LOB, Operations, Technology, Compliance, Legal, Communications, Global Economic Sanctions
• Comprehensive Product Focus (Equities, Fixed Income, New Issue, Market Linked Investments), Consumer Investments, Retirement

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

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