Associate Portfolio Manager, Trading

Busey Bank; Phoenix (AZ); On-site; USD 55,000 - 73,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical insurance

Dental

Vision

Life insurance

Disability insurance

Wellness incentives

Employee assistance program

Job summary

Busey Bank in Phoenix, AZ seeks an Associate Portfolio Manager, Trading to work with Wealth Advisors and the Investment Team to monitor and invest client accounts. This role executes stock, mutual fund and fixed income trades to invest cash, raise cash, and rebalance portfolios.

You will also monitor accounts, perform compliance reviews, and collaborate to generate performance reporting and market commentary for client reviews.

Qualifications

• Requires Bachelor's degree.
• Proficiency in Microsoft Office, especially Excel with Pivot Tables, Macros, and VBA.

Responsibilities

• Execute stock and mutual fund trades as requested by advisors and rebalance client accounts.
• Monitor accounts to ensure investments align with established guidelines and policies.
• Maintain and update client-specific restrictions and investment guidelines in trading systems.
• Generate trade proposals and recommendations for advisors.
• Perform periodic compliance reviews to identify and address issues.
• Assist in the generation of performance reporting, market commentary, and presentation materials.
• Coordinate with trading functions and WM teams to problem solve and plan as needed.
• Complete investment analysis under supervision of Investment PM.

Skills

Communication skills

Attention to detail

Customer service

Time management

Confidentiality

Trade compliance

Education

Bachelor's degree

Tools

Microsoft Excel

Pivot Tables

Macros

VBA

Microsoft Office

Job description

life insurance, paid time off, 401(k), profit sharing

Position Summary

The Associate Portfolio Manager, Trading works with Wealth Advisors, Associates, and the Investment Team to monitor and invest client accounts. This position executes stock, mutual fund and fixed income trades to invest cash, raise cash, and rebalance accounts according to established guidelines. This position also monitors accounts, performs periodic compliance reviews and recommends or takes corrective actions when appropriate.

Duties & Responsibilities

Level I - operates as an entry level hire, in direct supervision of manager, to complete monitor portfolios and complete trade/rebalance tasks Execute stock and mutual fund trades as requested by advisors. Rebalance client accounts to predefined target allocations. Monitor accounts to insure that they are invested according to established guidelines and account specific policies and restrictions. Maintain and update client specific restrictions and investment guidelines in trading systems. Generate trade proposals and recommendations as requested by advisors. Perform periodic reviews of accounts for compliance purposes.

Level II - manages more complex portfolios that have multiple accounts, non-standard holdings or tax issues. Requires a fairly deep understanding of underlying investments to make custom recommendations. Work directly with advisors to generate and execute customized proposals for client's unique situations incorporating legacy holdings, tax minimization and asset location across multiple accounts. Monitor and review trades generated across all client accounts. Compile trades and execute in appropriate market venue seeking best execution. Manage trading of large orders, illiquid assets or other uncommon securities. Implement model changes across multiple client accounts. Assist in the generation of performance reporting, market commentary, and presentation materials. Act as interface between trading functions and other core WM teams to problem solve and plan as needed. Complete investment analysis, under supervision of Investment PM, such as equity, fixed income or mutual fund research.

Education & Experience

Knowledge of:

• Strong oral and written communication skills
• Strong attention to detail

Ability to:

• Provide a high level of customer service
• Work independently and perform duties under frequent time pressures
• Adhere to established policies and procedures including maintaining confidentiality of customer account information
• Minimize trade errors and account level non-compliance
• Maintain timeliness of response to trade requests

Education and Training:

• Requires Bachelor's degree.
• Requires proficiency in Microsoft Office, experience with Microsoft Excel including use of Pivot Tables, Macros, and VBA.

Compensation and Benefits

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $55,000 -$73,000/yr)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering extraordinary excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.