Asset Management Senior Trading Associate - UMA Trading

100 Raymond James & Associates, Inc.; Memphis (TN); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

Life insurance

Disability benefits

Retirement savings plan

Paid time off

Parental leave

Job summary

Raymond James is seeking an Asset Management Senior Trading Associate in Memphis to support the AMS Trading team. The role involves overlaying model portfolios, executing trades across managed accounts, and collaborating with external managers to ensure accurate execution and model integrity.

The position requires knowledge of equities, ADRs, ETFs, UCITs, and mutual funds, plus strong Excel and analytical skills. A hybrid work model is offered with three days in the Memphis office.

Qualifications

• Bachelor’s degree and high school diploma required.
• General experience 13 months to 3 years.
• SIE and TCS certifications are preferred/required.

Responsibilities

• Overlay accounts to predefined trading models and execute trades.
• Create and execute large block trade allocations.
• Analyze account data to identify model discrepancies.
• Communicate with outside managers on trade execution and discrepancies.
• Perform tax loss harvesting.
• Research and resolve complex account errors and trade corrections.
• Update trading models based on external data.

Skills

Market trading practices

Excel

Analytical skills

Communication

Independent work

Team collaboration

Problem solving

Attention to detail

Education

Bachelor’s degree

High School diploma

Securities Industry Essentials Exam (SIE)

Tax Credit Specialist (TCS)

Tools

Microsoft Excel

Trading platforms

Job description

Job Description Summary An individual contributor with recognized skills in a specialized role in the field of Asset Management.

Job Description This position will follow our hybrid work model; we expect the selected candidate to work 3 days a week at our Memphis, TN, corporate office. As part of the AMS Trading team, the Asset Management Senior Trading Associate utilizes knowledge and skills acquired through work experience to review and implement model portfolio overlays across multiple managed account platforms, utilizing various exchange-traded products. Under general supervision, uses established procedures and guidelines to perform a variety of trading and analytical tasks requiring evaluation and complex decision-making to execute trades and resolve account issues.

Essential Duties and Responsibilities

• Overlay accounts to pre-defined single and multi-sleeve trading models and execute trades based on product guidelines.
• Create and execute large block trade allocations, determining method of execution, including limits, use of local markets for ADR conversions, and Authorized Participants for ETF creation and redemption units.
• Analyze individual account data to identify outliers of current model positions and resolve discrepancies.
• Communicate with outside managers regarding trade execution, model discrepancies.
• Perform tax loss harvesting.
• Research and resolve complex account errors, providing necessary trade corrections.
• Update trading models based on data provided by outside money managers.
• Perform other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

• Knowledge of Market trading practices of products, including equities, ADRs, ETFs, UCITs, and Mutual Funds.
• General knowledge of managed account practices.
• Principles of banking and finance and securities industry trading and operations.
• Financial markets and investment products and services.
• Mathematical ability sufficient to calculate transactions accurately and efficiently.
• Intermediate Excel experience.
• Skill in Advanced analytical skills; analyze data to draw logical conclusions and interpret results for use in decision-making.
• Personal resilience while providing a high-level customer service in a fast-paced environment.
• Problem-solving sufficient to effectively analyze, research and resolve inquiries and issues in a timely manner.
• Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.
• Ability to Organize, prioritize, and manage multiple activities/tasks simultaneously and complete work efficiently.
• Communicate effectively and professionally, both orally and in writing.
• Ability to work independently as well as collaboratively within a team environment.
• Attend to detail while maintaining a big picture orientation.
• Identify the needs of customers through effective questioning and listening techniques.

Licenses/Certifications None is required

Travel Required No

Education Bachelor’s, High School (HS) (Required)

Work Experience General Experience - 13 months to 3 years

Certifications Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA), Tax Credit Specialist (TCS) - National Center for Housing Management (NCHM)

Travel Less than 25%

Workstyle Hybrid

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions.

• medical, dental, and vision
• life insurance
• critical illness insurance and accident insurance
• disability benefits
• retirement savings
• paid time off (including vacation, holidays, and sick leave)
• parental leave

Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect 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

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive.

The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Raymond James is a diversified financial services company providing wealth management, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Founded in 1962 in St. Petersburg, Florida, rather than on Wall Street, we have always embraced being a different kind of financial services firm. Today, Raymond James has locations and subsidiaries across the United States, Canada, the United Kingdom and Germany, and is listed on the New York Stock Exchange under the symbol RJF.

Our business is deeply focused on people and their financial well-being. We're committed to helping individuals, corporations and institutions achieve their goals, while also supporting successful professionals and helping our communities prosper. We believe doing well and doing good aren't mutually exclusive. As an established but ever-evolving company, you can start – or continue – growing your career here. We invest in you with wide-ranging benefits and the support of leaders and colleagues who care. From development opportunities and enriching networking groups to prioritizing diversity, inclusion and the power of different perspectives, Raymond James is where good people grow. Our people-first culture is outlined in our Culture Blueprint. Check it out to see why many choose to work at Raymond James – and why they stay.