What does a Principal Trader do?
Traders are responsible for buying and selling stocks, securities, and other financial instruments. They commonly work at financial services firms and investment banks. One of their most important obligations is to ensure total compliance with all federal regulations, industry standards, and other requirements. They work in close collaboration with advisors, asset managers, and other financial professionals. They perform daily reconciliations and create activity reports and other documentation. They perform many of their daily tasks using trading platforms and investment software programs.
Traders typically have a bachelor’s degree in finance, accounting, or a related business field. They must have an in-depth understanding of trading policies, tactics, and regulations. Extensive knowledge of financial instruments is required. A variety of financial licenses are generally mandated. Proficiency with trading platforms and software programs is helpful.
- Operate specialized maintenance equipment and tools in a responsible and safe manner.
- Maintain accurate and timely records of time, labor, and materials.
- Responsible for effective, efficient and safe accomplishment of all assigned tasks.
- Provide leadership and supervision to trades team workers as assigned.
- Overlay accounts to pre-defined trading models and executes trades based on product guidelines.
- Report on trading KPIs and incidents with 100% accuracy.
- Explain strategy and optimizations to internal and external partners.
- Inspect work in progress and upon completion in and on the structural systems of a facility and related build services.
- Assist in the delivery of multiple client engagements on time and within budget. maintain active communication with clients in an effort to manage expectations and satisfaction.
- Provide overall care of client accounts to ensure customer satisfaction.
- Make weekly inspections.
- Associate's or Bachelor's Degree in business, computer science, or engineering or equivalent experience.
- Comfortable with drawing and mechanical drawing.
- Able to collaborate and multitask.
- Solid time management and critical thinking skills.
- Comfortable with decision making and problem solving using critical thinking skills.
- Strong work ethic.
- Fluency in statistics, systems development, and usage of datasets.
- Can help with onboarding and hedging where necessary.
Principal Trader Career Path
Learn how to become a Principal Trader, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Principal Trader Insights
“It gave a good experience of working online and from home and a good kick to my career.”
“Great place to start your career with opportunity to grow and build your profile within the travel industry.”
“Pay is excellent as long as you don't do real work and are good at sucking up to your boss.”
“I believe the principles taught at JUMP will serve me great benefit in future experiences.”
“I really liked the majority of the people who I met and worked with there and I made some good friends in my time there.”
“If you enjoy eating your dinner at your work desk and having no work life balance this is the job for you.”
“Enjoyed my time and good people”
“The low compensation early in a trader's career isn't great but it builds character (at least that's what I kept telling myself).”
Principal Trader Interviews
Frequently asked questions about the role and responsibilities of traders
The typical day of a trader includes selling and trading stocks and securities. They work closely with clients to understand their finances, making trade recommendations and informing them of price fluctuations in the market. A career as a trader often includes working for a large firm, trading assets for their clients.
The best part about being a trader is that they can use their in-depth knowledge of investing and trading stocks and securities to help clients. Working conditions can be competitive, but once a trader builds a client base, it can be rewarding.
Working as a trader can be challenging at times, as the market can be unpredictable and volatile. One difficult aspect of the job is that building a client base can be difficult. Becoming a trader requires that you continue to research the market to make informed decisions, which can be time intensive.