Investment Associate

Washington Trust Bank; Spokane (WA); On-site; USD 53,000 - 79,000; Full time

Benefits offered by this job

Bonus plan eligibility

Job summary

Washington Trust Bank in Spokane is seeking a Securities Sales Assistant/Trader to help current customers with buy/sell orders, open accounts for investment products, and ensure compliance with securities regulations. You will work under Investment Officers, develop product knowledge, and support presentations with a focus on accuracy and confidentiality.

Qualifications include Series 7 and 63 licenses, strong communication and organizational skills, and a commitment to compliance and risk

Qualifications

• Series 7 and 63 licenses required.
• Strong attention to detail and high degree of accuracy.
• Problem-solving skills.
• Excellent verbal and written communication; investment terminology.
• Organizational skills; ability to track multiple projects.
• Ability to handle sensitive information and maintain confidentiality.
• Perform compliance and risk management duties as required.

Responsibilities

• Accept buy and sell orders from current customers.
• Open new accounts for non-deposit investments following interviews and research.
• Ensure adherence to securities regulations and safe banking practices.
• Develop working knowledge of deposit and non-deposit products to support trading.
• Assist Investment Officers with account openings, presentations, and client reviews.
• Post transactions and maintain documentation and client books.
• Provide back-up support for other Sales Assistants as needed.

Skills

Licensing: Series 7 & 63

Attention to detail

Problem-solving

Verbal and written communication

Organizational skills

Confidentiality

Compliance and risk management

Tools

Broker-dealer platforms

Job description

Washington Trust brings more than 100 years of investment management, estate settlement and trust administrative expertise to individuals, families, companies and organizations throughout the Pacific Northwest. We have nearly $8.9 billion in assets under administration which includes more than $1.26 billion in Investment Services, our retail brokerage and insurance group. We pride ourselves in attracting, developing and rewarding employees at all levels. We strive to lead by example and act with integrity, honesty and ethics. As a community-minded bank, we draw a great sense of accomplishment helping our employees participate in community and neighborhood initiatives.

The central focus of this position is to learn all aspects of selling securities and insurance products from small to medium sized investment accounts, adhering to securities regulations and safe, sound banking practices. This position also performs trading and sales assistant functions in the Investment Services Department. Regular, reliable attendance is required.

Location: Washington Trust Financial Center - 717 W Sprague Ave, Spokane, WA 99201

Essential Functions

Sales

• Accept buy and sell orders from current customers.
• Under supervision, open new accounts for non-deposit investments. Includes conducting fact finding interviews to qualify clients, evaluate information, research appropriate investment alternatives, prepare presentations, present alternatives to clients, implement recommendations and monitor investments. All of these functions must adhere to securities regulations.
• Includes attaining a working knowledge of sales policies and procedures to assure that business practices comply with securities regulations and safe, sound banking practices.
• Product Knowledge and Suitability. Includes attaining a strong working knowledge of deposit and non-deposit products to facilitate trading and sales support activities. This will be achieved through on-going continuing education, required regulatory and compliance training.

Securities Trader

• Assists Investment Officers by obtaining bids/offers for money market instruments and bonds under time pressures; placing the order with broker-dealer , following any prescribed procedures to minimize trading risk through timely and accurate execution of all trades.
• Assure compliance with applicable security regulations and safe, sound banking practices by attaining a strong working knowledge of trading policies and procedures.

Sales Assistant

• Assist Investment Officers when opening new customer accounts, assuring that all required information and documentation are provided and that the file is complete.
• Assist Investment Officers with the preparation of sales presentations and periodic reviews for clients; includes: gathering appropriate support documents i.e. prospectuses and approved sales material.
• Assist Investment Officers with documentation requirements, including transaction posting in client books, attaining proper documentation for any changes to an a client's account i.e. settlement instructions for purchases and disbursements; address changes; account updates; and objective changes.
• Provide back up for other Sales Assistants in all aspects of their positions.

Qualifications

• Series 7 and 63 licenses required.
• Must exhibit strong attention to detail and high degree of accuracy.
• Must demonstrate problem-solving skills.
• Must have good verbal and written communication skills and background in application of current business English; knowledge of investment terminology.
• Organizational skills, ability to track and follow-up on multiple projects simultaneously.
• Ability to handle sensitive information, confidentiality.
• Perform compliance and risk management duties as required or assigned.

Pay Range: $25.44 - $38.16 per hour

The compensation range represents the low and high end of the base compensation range for this position located in Spokane, Washington. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. This position is eligible to participate in an applicable bonus plan.

What Our Culture Can Offer You

Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health, Financial, Retirement and Work/Life Benefits. We are proud to share an overview of our benefits HERE as part of your total compensation.

Washington Trust Bank celebrates diversity in the workplace and actively recruits talent to help reflect the unique communities where we live and work. We are proud to be an equal opportunity employer and prohibit discrimination or harassment based based on race, religion, sex, gender identity, sexual orientation, national origin, age, pregnancy, disability, genetic information and any other protected characteristics outlined by state, federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team, and we are dedicated to fostering a supportive and inclusive work environment.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.