Equity Trader Trainee Program (July 2021)
Chimera Securities LLC, United States
Job Description
The target start date for the Training Program is July 2021 however, this date is subject to change due to Covid. We require all trainees to report to our NYC office; this is NOT a remote position.
LOCATION: UNION SQUARE, NYC
HOURS: MARKET HOURS+ (8:30AM 5:00PM)
The goal of the program is to give trainees the necessary tools to successfully trade in this fast paced, dynamic market environment. New traders will be trained under the supervision and instruction of experienced traders. The training starts in the classroom and quickly progresses to trading on our trading floor.
The duration of the program is four months and it is unpaid. After completion, trainees will be evaluated, and those demonstrating high potential of success may be hired as traders and will be paid a $2,400 / month salary plus a bonus based on a percentage of trading profits. Chimera provides the training at no cost to trainees, providing them with an excellent opportunity to learn to trade without risking their own capital.
If offered a position in the training program, candidates will need to pass two exams: the SIE (Securities Industry Essentials) amp; the Series 57. The SIE can be taken without firm sponsorship. Once this is passed, Chimera will sponsor Trainees to take the Series 57 exam. Passing both exams is required in order to continue in the training program. Both exams will need to be passed prior to the Training Program start date.
To learn more about the SIE exam please visit the FINRA website: http://www.finra.org/industry/essentials-exam
Chimera Securities offers a highly competitive pay-out structure. This is an entrepreneurial, high-energy environment with plenty of personal, one-on-one attention.
Requirements
BACHELORS DEGREE REQUIRED!
3.0+ GPA preferred. We are looking for hard-working, self-motivated and outgoing individuals with strong quantitative and analytical skills. Candidates must be able to work well individually and as part of a team. This is a fast-paced and challenging environment that requires the ability to focus and maintain composure under intense pressure. No previous trading experience is necessary.
**Licensing requirements:
Prior to being able to take the Series 57 exam, candidates will first need to pass the Securities Industry Essentials (SIE) exam. The SIE exam is open to anyone 18 years of age to take without sponsorship by a firm. It is used to assess a candidate’s basic knowledge of the securities industry and is a pre-requisite to most qualifying FINRA exams. The exam focuses on industry terminology, securities products, the structure and function of the markets, regulatory agencies and their functions, and regulated and prohibited practices.
While not required, it is strongly encouraged that individuals who are interested in pursuing a career at Chimera Securities take the SIE exam as soon as possible. Chimera will sponsor those offered a position in the training program for the Series 57 exam, only after the SIE has been passed. Participation in the training program is contingent upon successfully passing BOTH exams prior to the start date.