Equity traders also provide useful financial advice to their clients.
This post provides detailed information on the equity trader job description, including the key duties, tasks, and responsibilities they commonly perform.
It also highlights the major requirements recruiters/employers may want candidates seeking the equity trader job to meet to be hired:
What Does an Equity Trader Do?
The equity trader job description entails buying and selling stocks on behalf of the clients, who are interested in buying the stocks at a specific price or selling them at a certain value.
Basically, they have to buy stocks at lower price, hold it for a while and sell it to someone else when the price rises, resulting in profits.
The equity trader job description involves providing financial advice to their clients (companies) regarding which stock to invest in or not.
They have to have extensive knowledge about the financial analysis, economic, and business trends to provide clients with the best advice.
Most of the times, equity traders interact with other traders via phone or e-mail for buying and selling stocks in a specific time period (short or long).
Another duty of the equity trader is monitoring the changing prices of stocks in order to always keep an eye on which stocks are performing well.
This helps them to give their clients advice regarding which stock is better to invest their money in.
They also keep track of the upcoming events that can affect any stocks such as profit reports, government announcements and more so that they can always provide accurate information to their clients.
More on Equity Trader Job Description
Equity traders may also work with financial consultants or financial analysts to provide the best advice to their clients.
They also provide investment advice to their clients when they are not trading them on the exchange.
The equity trader job description also involves managing portfolios of clients’ money that they have bought and sold in the market.
They make sure their clients’ money is protected and managed without any problem by working as a team.
A good equity trader will handle the multiple responsibilities at once, which may include day-to-day trading, analysis, portfolio management and more.
Some equity traders are expected to work on holidays as they need to handle their clients’ portfolios during these periods too.
This may include short trading or long positions, as well as providing financial advice.
They keep track of the latest news and the changes in the market in order to manage the portfolios of their clients accurately.
The equity trader job description consists of the following duties, tasks, and responsibilities:
Provide an accurate and timely information to the clients regarding their portfolios
Work well on team basis as they need to manage the portfolio of clients’ money
Conduct research work so that they can give their clients the best financial advice. This is regarding which stocks they should invest in and which ones not
Comply with all the investment related regulations related to the securities trading
Maintain a track record of all the trades they do, so that they can protect their clients from any losses
Work extra hard on holidays and weekends as well due to the demands of their clients
Work on special occasions when there are any changes in the market trends
Equity traders also have to work effectively and efficiently as they must provide accurate reports of their financial analysis. This is to help them make the best out of it whether it is profits or losses
Monitor the investment portfolio of clients on a regular basis. This is to provide accurate information to clients and make sure that they are comfortable enough with their investments
Responsible for the stocks that they buy and sell on the exchange, but also for their clients’ stocks as well. This may include buying and selling in order to maintain a track record of all the trades.
Equity Trader Job Description for Resume
If you have worked before as an equity trader or are presently working in that role and are making a resume/CV for a new job, you can express the work experience that you have had by applying the above sample equity trader job description.
You can highlight the equity trader duties and responsibilities from the job description example above in your resume’s Professional Experience, to declare that you have been successful performing the equity trader role.
This piece of information can greatly boost your resume in getting you an interview, especially if the new job that you are seeking requires someone with some equity trader work experience.
Equity Trader Requirements: Skills, Knowledge, and Abilities for Career Success
If you are seeking the job of an equity trader, here are important requirements you may be expected to meet to be hired:
Good communication skills as they need to interact with different types of people as well, which includes their clients as well
Must have special skills related to finance and investments, which includes financial analysis, forecasting, securities trading, and more
Ability to work effectively on a team together with other employees who are also responsible for their clients’ money
Must be able to work extra hard on holidays and weekends as well due to the demands of their clients
Ability to spend a lot of time on research, so that they can provide accurate and timely information about the stocks available for investment
Passion in trading in order to provide financial advice regarding it for their clients so that they can earn more money from it
Excellent communication skills to be able to interact effectively with clients
Must have strong understanding of the investment requirements of clients. This is to provide accurate and timely information about their finances
Ability to maintain a very organized working environment.
Equity Trader Salary
The highest income for an equity trader in the United States is $190,434 per year, according to Glassdoor.
Conclusion
This post is helpful to individuals interested in the equity trader career, to help them learn the duties and responsibilities of the role.
It is also useful to recruiters/employers who are in need of making a detailed job description for the equity trader position in their companies for use in the hiring process for the vacant role.
They can apply the sample equity trader job description provided on this page in making one for their companies.
How useful was this post?
Click on a star to rate it!
Average rating 0 / 5. Vote count: 0
No votes so far! Be the first to rate this post.
We are sorry that this post was not useful for you!
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Learn more from our Cookie Policy and Privacy Policy.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
