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JOB DESCRIPTION

TITLETrader I COMPANYMercantil Commercebank

INCUMBENT NAME

DEPARTMENTMercantil

CISJOB CODE6500782ULTIPRO TITLE

LOCATIONCoral GablesFLSAExempt

DATE CREATED10/15/2012KEY / SENSITIVE

Yes NoSURVEY COMPANYWatson Wyatt

SURVEY CODE SCOPE & PURPOSE OF JOB

Trader is responsible for all away from Pershing executions, sales-trading services to active customers, security structure and market analysis, and provision of recommendations

DIRECT REPORTS POSITION TO WHICH SUPERVISOR

REPORTSInvestment Services Manager

IMMEDIATE

SUPERVISORHead Trader

THIS POSITION

TITLETrader

I OTHER POSITIONS THAT REPORT TO IMMEDIATE SUPERVISOR

Junior Trader

ESSENTIALS OF THE JOB

AccountabilityResponsible for the firms execution function related to all non-Pershing trades, mainly fixed income. Other execution responsibilities may include structured products, hedge funds, mutual funds and non-Pershing foreign exchangeKeep abreast of markets and security structures in order to provide analytical based recommendationsMust follow detailed operational procedures while making sure Investment Consultants have also followed such procedures before accepting an orderMust follow procedures related to best execution rules: Rule 2320(g) documenting all counterparties reviewed and prices offeredMust make any reasonable effort to report eligible trades so firm is in compliance with TRACE reporting rules (Rule 6230)Provides day-to-day market insights to Investment ConsultantsActively participates in problem-solving with current counterpartiesReviews pricing decisions to validate that mark-ups and commissions are within company guidelines. If a violation is detected, Trader must inform customer-facing role and PrincipalProvides market insight and execution (sales-trading role) to very active customersEnsure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to

BSA, USA

Patriot Act, OFAC and other AML related issuesTo identify, evaluate, monitor and make any recommendation deemed necessary to their respective Risk Management Committee in order to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules regulations, prescribed practices, internal policies and procedures or ethical standards.

Participate in ad hoc projects

MAGNITUDE

Trader executes an average of 50 trades per day, valued at over $ 5 millionRevenue generation of over $600,000 per monthExecution errors are absorbed by company. Great accuracy is required to avoid costly errors Operating Budget (Including Payroll & Benefits):$ Total Payroll Responsible For (Including Benefits):$

Number of Direct Reports:

Exempt:

Nonexempt:

Total Employees Responsible For:

Exempt:

Nonexempt:

Sales Budget (If Applicable)$ Other Relevant quantitative data: Problem Solving Execute trades among different options with great accuracyDefine ways to solve execution problemsMaintain a continuous flow of information and develop strong ties with counterpartiesMaintain low execution error statisticsWorkload subject to intense peaks, job requires maintaining high accuracy under pressure

Know How Functional Skills & Knowledge Requirements:

Must be a team player, have the ability to work under pressure, have a professional image and be able to resolve problems and conflicts. Must be able to prioritize work and effectively manage time and have the ability to manage change. Must possess basic business communications skills such as advanced writing, listening and have basic office and mathematics skills, and customer service skills. Possession of professional skills such as report writing, advanced statistics, effective presentation skills, creative skills, budgeting and conducting effective meetings and research assessment are required. Minimum Education and/or

Certifications Requirements:

Bachelors Degree in

Finance, Administration or Business Minimum Work Experience Requirements:

3 years of relevant experience (Treasury, Trading or Execution desk) Technical and/or

Other Essential Knowledge:

Previous experience with Lotus Notes, Internet and MS Office Skills, including MS Word Advanced, MS Excel Advanced, MS PowerPoint Advanced, MS Project Level II and MS Visio Level I required. Bilingual (English/Spanish). Series 7 (after 180 days).

Bloomberg:

Execution and Information.

Skills as per role:

Knowledge of the Organization, Knowledge of MCB Products and Services, Basic Abilities, Knowledge of US laws and regulations, Communication Skills, Professional Skills, Managerial Skills, Workforce Management, Strategic Planning, Risk Management, Dexterity with

PC ApplicationsWorking Conditions:

Core Competency:

A combination of education, training, and experience may be substituted when competency in the role is demonstrated. Reasonable accommodations may be made to those who are able to perform the essential duties of the job. The incumbent must be able to pass any required drug test and new hire physical examination The Company reserves the right to revise and alter this job description as needed. By signing below, the job applicant/position incumbent has read this job description and a copy has been provided to him/her. The signature below certifies that the job applicant/position incumbent is able to perform the essential functions of this position with or without reasonable accommodations.

APPROVED BY

INCUMBENT

TITLE DATE SUPERVISOR TITLE DATE FUNCTIONAL MANAGER TITLE DATE

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required.

For Human Resources Input Only:

Accountability __ _____ Problem Solving _________