Operations Associate - Mutual Funds Trade Support

Stifel Financial; St. Louis (MO); On-site; USD 45,000 - 65,000; Full time

Job summary

Join a forward-thinking global wealth management firm as a Mutual Funds Trade Support Operations Associate. In this role, you'll engage in various administrative functions while developing a solid understanding of mutual fund offerings and trading systems. Collaborate with a dedicated team to ensure compliance and efficiency in operations. With a commitment to innovation and client success, this established firm offers a supportive environment and comprehensive benefits, making it an exciting place to build your career.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401k Plan

Paid Time Off

Wellness Programs

Life Insurance

Qualifications

• Bachelor's Degree or equivalent experience required.
• 0-2 years of professional business-related experience preferred.

Responsibilities

• Process and enter data into systems for Financial Advisors.
• Monitor mutual fund orders for compliance with policies.
• Assist branch personnel with order inquiries.

Skills

Attention to Detail

Communication Skills

Data Entry

Problem Solving

Team Collaboration

Education

Bachelor's Degree

Tools

Microsoft Office

Outlook

Job description

The Mutual Funds Trade Support Operations Associate is responsible for a variety of departmental administrative functions while gaining a solid understanding of the firm's mutual fund offerings, trading systems, and team responsibilities. This position requires collaboration among team members to execute departmental objectives under supervision and in accordance with established procedures.

What We're Looking For

• Accurately perform job duties as directed by leadership, adhering to departmental procedures and guidelines.
• Proficiently process, create, and enter data into systems used by Financial Advisors and branch staff.
• Identify potential problems or issues and escalate them to department leadership when necessary.
• Develop effective communication skills within the department.
• Provide timely updates on job responsibilities to leadership.
• Work collaboratively within a team environment.
• Monitor mutual fund orders for compliance with fund and company policies.
• Review previous day's front-end load purchases for proper pricing and sales charge waivers.
• Review previous day's trades for NAV Repurchase/Transfer opportunities.
• Process trade corrections for prior day's front-end load purchases and NAV transfers as needed.
• Provide CDSC hypothetical calculations.
• Review previous day's systematic purchases/withdrawals for proper setup, including order type, CDSC waivers, and share class.
• Assist branch personnel with order and correction inquiries, providing clear verbal and written communication with Financial Advisors, branch staff, and vendors.

What You'll Bring

• Ability to attain a general understanding of industry rules, regulations, and Stifel policies relevant to the department.
• Strong attention to detail to minimize risk.
• Initiative and self-direction in task performance, with effective organization and prioritization skills.
• Ability to handle large workloads during peak periods.
• Ability to work autonomously based on performance criteria provided by leadership.

Education & Experience

• Minimum: Bachelor's Degree or equivalent experience.
• Minimum: 0-2 years of professional business-related experience.

Systems & Technology

• Proficient in Outlook and Microsoft Office products.

About Stifel

Stifel, with over 130 years of history, is a global wealth management and investment banking firm committed to innovation and client success. Headquartered in St. Louis with offices worldwide, including New York, San Francisco, Baltimore, London, Frankfurt, and Toronto, we employ approximately 9,000 professionals in various roles. We foster an entrepreneurial environment and offer comprehensive benefits, including health, dental, vision, 401k, wellness programs, life insurance, and paid time off. Stifel is an Equal Opportunity Employer.