Managed Account Trader - 12 Month Contract

Raymond James Financial; Toronto; On-site; CAD 60,000 - 65,000; Full time

Benefits offered by this job

Flexible workstyles

RRSP Matching Program

Employee Stock Purchase Plan

Paid Time Off

Job summary

Raymond James Ltd. is a leading Canadian independent investment dealer focused on customized wealth management solutions.

The role of Managed Account Trader involves monitoring and executing trades for the SMA program, updating models, and coordinating with the trading desk to optimize fee-based assets and revenues. The position requires at least 2 years of discretionary trading experience, proficiency with Microsoft Office, and familiarity with Dataphile or Croesus.

Qualifications

• Post-secondary diploma or degree required.
• CSC and CPH completion is an asset.
• Minimum 2 years of discretionary-trading experience using a model-based approach.
• Proficiency with Microsoft Office and willingness to learn new apps.
• Familiarity with Dataphile, Croesus, or similar service providers is an asset.

Responsibilities

• Monitor trade instructions from 3rd party managers and Raymond James portfolio managers.
• Update models and generate trades for market execution; coordinate with trading desk for large orders.
• Query daily asset movements on the SMA program and consolidate bulk trading lists.
• Calculate FX exposure and arrange rates on cross-currency trades.
• Identify and rebalance accounts with excess cash quarterly.
• Perform quality control checks on trades.
• Download and distribute weekly/monthly reports.
• Assist with fee-based accounts projects and other related duties.

Skills

Microsoft Office

Analytical thinking

Problem solving

Communication etiquette

Education

Post-secondary diploma or degree

CSC/CPH (asset)

Tools

Dataphile

Croesus

Job description

Job Description - Managed Account Trader - 12 Month Contract (2600607)

Managed Account Trader - 12 Month Contract - 2600607

At Raymond James,wedevelop,wecollaborate,wedecide,wedeliver, andweimprove together.

Raymond James Ltd. is Canada’s leading independent investment dealers offering high quality investment products and services to Canadians seeking customized solutions to their wealth management needs.

Managed Account Trader - 12 Month Contract

How does the role impact the organization?

As a member of the Asset Management Services team, you will play a vital role in ensuring the accurate stewardship of client’s fee-based assets and the overall goal of increasing fee-based assets and revenues at Raymond James Ltd.

What will your role be responsible for?

• Monitor e-mail for incoming trade instructions from 3 rd party managers on the SMA program as well as internal Raymond James portfolio managers.
• Update models and generate trades for market execution while coordinating with the trading desk on larger orders.
• Query for daily asset movement on the SMA program and amalgamate bulk trading lists for market execution.
• Calculate foreign exchange exposure and arrange for rates on all cross-currency transactions.
• Identify and rebalance accounts with excess cash on a quarterly basis.
• Perform quality control checks on trades.
• Download and distribute weekly/monthly reports.
• Assist with various projects and initiatives related to fee-based accounts.
• Assist with a variety of other duties related to all fee-based platforms.

What can you expect from us?

Our most important investment is in people. Upon eligibility, Raymond James Ltd offersflexible workstyles,a competitive compensation and benefits package. Our benefits range from Health Benefits, RRSP Matching Program, Employee Stock Purchase Plan, Paid Time Off, Volunteer Days, Discretionary Bonuses, Tuition Reimbursement and many more! We also support internal promotion and community involvement.

What do we expect from you?

• Post-secondary diploma or degree.
• Completion of the Canadian Securities Course (CSC) and Conduct and Practices Handbook (CPH) is an asset.
• Minimum of 2 years of industry experience trading in discretionary accounts using a model-based approach.
• Proficiency with Microsoft Office (Word, Excel, PowerPoint, Access) with a willingness and ability to learn new applications.
• Familiarity with Dataphile, Croesus, or similar service provider is an asset.
• Superior analytical and problem solving skills.
• Work within deadlines in a high-volume and demanding environment while maintaining a high level of service and an imperative attention to detail.
• Demonstrate email, videoconferencing, and telephone etiquette and relationship management skills.

We encourage our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

Salary Range:

$60,000 - 65,000 annually, in addition to competitive performance bonuses/incentives.

Actual compensation will be determined based on skills, experience, internal equity, and other job requirements.

This posting is for an existing vacancy.

At Raymond James – we honor, value, respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic self, our organization, clients and communities thrive, it is part of our people-first culture. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Here at Raymond James we demonstrate our commitment to ensuring equal opportunities for all candidates.

We may use automated or AI-enabled tools to support parts of our recruitmentand screening process, including screening, assessing or selecting applicants where applicable. These tools help us review applications efficiently,but they donot replace human decision-making.

Raymond James Ltd. is a member of the Investment IndustryRegulatory Organization of Canada (IIROC) and of the Canadian Investor ProtectionFund (CIPF). Customers’ accounts are protected by the Canadian Investor ProtectionFund within specified limits. A brochure describing the nature and limits ofcoverage is available upon request or at . 3Macs, MacDougall,MacDougall & MacTier and Raymond James Correspondent Services are divisions ofRaymond James Ltd. Raymond James Ltd. is an integrated financial services firm. Itssubsidiaries, Raymond James Investment Counsel Ltd., Raymond James FinancialPlanning Ltd., Raymond James Trust (Canada) and Raymond James Trust (Québec) Ltd.are not members of the IIROC or the CIPF. Please consult each subsidiary’s webpagesfor applicable corporate, regulatory or membership information. www.cipf.ca