Equity Trader

Job Description

Job Description

Position and Employer Information

Employer: Sprott Asset Management LP

Business address: Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, Ontario  M5J 2J1

Location of work: Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, Ontario  M5J 2J1

Job title: Equity Trader

NOC: 11103 – Securities agents, investment dealers and brokers (TEER 1)

Number of positions: One (1). This job posting is not for an existing vacancy.

Terms of employment: Permanent, full-time, 37.5 hours per week

Salary: $150,000 per annum (approximately $76.92 per hour based on a 37.50 hour work week), paid semi-monthly. This position is also eligible for an Annual Incentive Plan award and an annual RSU grant. Both are discretionary and not guaranteed.

Benefits: Group health, dental and vision coverage; health care spending account (HCSA); taxable supplemental health benefit; payment in lieu of registered retirement savings plan (RRSP) program; maternity and parental benefits; paid learning and training, paid vacation; paid personal days; long-term disability; accidental death and dismemberment; life insurance; employee assistance programs; on-site amenities, team building opportunities; wellness program.

Start date: As soon as possible

Language of work: English

Work arrangement: Hybrid. In-office Monday through Thursday; remote work permitted on Fridays, as per company policy.

About the Employer

Sprott Inc. (“Sprott” or the “company”) is a global leader in precious metal and critical materials investments. Sprott's investment strategies include exchange listed products, managed equities and private strategies. Sprott has offices in Toronto, New York, Connecticut and Carlsbad, and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII.

Sprott Asset Management LP (“SAM”), a division of the Sprott Group of Companies, offers investors precious metals and critical materials investments, including physical bullion and commodity trusts, mining ETFs and actively managed equity strategies.

Position Summary

SAM requires a full-time Equity Trader to join its trading team in its Toronto office. The Equity Trader reports to the Managing Partner, Sprott and Head Trader, SAM, and is responsible for executing and managing trades for active investment funds while ensuring alignment with the firm's portfolio strategy, risk management framework and compliance requirements. The role also involves monitoring market conditions, evaluating execution quality, supporting the optimization of trading processes and systems, and providing analytical insights to support trading and investment decisions.

Main Duties and Responsibilities

•      Execute equity and equity derivative trade orders for the firm's managed portfolios and investment funds, ensuring accuracy, best execution and adherence to internal trading controls;

•      Select and apply appropriate execution strategies, including electronic and algorithmic execution and smart order routing, and intervene manually where order size, liquidity or market conditions require;

•     Develop and implement data-driven trade optimization frameworks using Python, SQL, and VBA to enhance execution quality, liquidity analysis, transaction cost measurement, and portfolio trading outcomes;

•     Design, automate, and maintain scalable reporting, monitoring, and workflow solutions that transform complex datasets into actionable insights, improving operational efficiency and supporting data-driven decision-making across the trading function;

•      Collaborate closely with Portfolio Managers, Operations and Compliance to support seamless trade workflows and to maintain alignment with portfolio strategy, risk limits and regulatory requirements;

•      Support trade reporting, reconciliation and allocation to ensure accurate and complete records across all portfolios;

•      Monitor market structure, liquidity and execution quality, and conduct post-trade execution analysis to identify opportunities to improve trading outcomes;

•      Contribute to the implementation, testing and optimization of new trading systems and order management systems to support efficient execution of securities transactions; and

•     Maintain trading records in accordance with the firm's compliance policies and applicable securities regulation.

  Requirements

Education:

•      A completed bachelor's degree in mathematics (preferred), finance, economics, commerce or a related quantitative discipline.

Experience:

A minimum of two years of progressively responsible professional experience in institutional equity trading or direct equity trade-execution support with a recognized financial institution or asset manager with assets under management in excess of $1 billion;

The required experience must include:

• Executing or supporting equity and equity-derivative orders for institutional portfolios or clients;
• Using electronic and algorithmic execution methods and smart order routing, including manual intervention for large, illiquid or market-sensitive orders;
• Monitoring market structure, liquidity and execution quality and conducting trade or post-trade analysis;
• Using Bloomberg and advanced Microsoft Excel for trading analysis, reporting or workflow support; and
• Proficient in Python, SQL or VBA to develop trading analytics, reporting tools or workflow automation.

Experience with listed options, ETFs, commodities or foreign exchange, trade allocation or reconciliation, and the implementation or testing of trading systems is considered an asset.

Certifications and licensing:

•      Successful completion of the Canadian Securities Course (CSC), the Conduct and Practices Handbook Course (CPH) and the Trader Training Course (TTC), administered by the Canadian Securities Institute;

•      Successful completion of the Derivatives Fundamentals and Options Licensing Course (DFOL); and

•      No registration or license with the Canadian Investment Regulatory Organization or the Ontario Securities Commission is required for this position.

Technical skills:

•      Demonstrated proficiency with institutional trading systems and platforms, including Bloomberg;

•      Advanced proficiency in Microsoft Excel, including the use of Excel for data analysis, reporting and workflow support; and

•      Working proficiency in at least one programming or data analysis language used in a trading environment (for example Python, VBA, SQL or R) is considered an asset.

Personal suitability:

•      Exceptional written and verbal communication skills, with the ability to present information clearly and concisely;

•     Strong analytical, quantitative, and problem-solving abilities with the capacity to independently conduct research, analyze complex market and trading and operational data and develop practical, data-driven solutions;

•     Exceptional attention to detail and accuracy, particularly when managing trade execution, reporting, data analysis and process improvements;

•      Demonstrated commitment to the highest ethical standards, personally and professionally;

•      Ability to multitask, prioritize and remain organized in a fast-paced environment; and

•      Strong interpersonal skills and the ability to collaborate effectively across teams.

How to Apply

Applicants must submit a resume and cover letter by one of the following methods:

•      By directly applying to this posting

•      By mail: Human Resources, Sprott Asset Management LP, Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, Ontario  M5J 2J1

•      Through alternative link:
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Sprott welcomes and encourages applications from persons with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process. Sprott is an equal opportunity employer.

We thank all applicants for their interest; however, only those selected for an interview will be contacted.