SMA Trade & Operations Specialist

Vestmark, Inc.; Oregon; Hybrid; USD 75,000 - 90,000; Full time

Benefits offered by this job

Company-paid medical premiums (90%)

Time-off program

Job summary

Vestmark Advisory Solutions (VAS) is expanding its advisory and asset management services and has an opening for an experienced Trader in the retail SMA order generation and trade execution arena. The VAS Trader implements trades to Manager Models, supports SMA, MSP, and Model Only/UMA sponsors and managers, and ensures trades are submitted and executed.

You'll manage trade order processing, pre- and post-trade servicing, and maintain accounts across Vestmark and enterprise clients.

Qualifications

• Bachelor's degree in a related field.
• 1–3+ years of experience in the Separately Managed Account (SMA), Unified Managed Account (UMA) or wealth management industry.
• Strong analytical skills and proficiency in Microsoft Office.
• Must be highly organized with strong attention to detail, self-motivated, good work ethics, and work effectively in a team environment.

Responsibilities

• Proactively identify opportunities for improvements in trading process and efficiency.
• Process client model change requests by generating the across-the-board (ATB) block trade orders required to affect the model changes, within the client sponsor, while performing all related controls to mitigate risk.
• Process maintenance requests (new accounts, cash flows, terminations, tax harvests, etc.) by rebalancing accounts as instructed and routing the resulting trade orders for execution, within the client sponsor, while performing all related controls to mitigate risk.
• Communicate client model changes to Model Only/UMA sponsors in accordance with the ATB trade order rotation, within client SLAs, while performing all related controls to mitigate risk.
• Perform Trading Services on behalf of Clients to assist connectivity between Vestmark and Sponsors.
• Responsible for all aspects of trade operations including trade order management, execution review and reconciliation on trades generated by the portfolio management team across Vestmark and its enterprise clients' platforms.

Skills

Analytical skills

Microsoft Office

Highly organized

Team collaboration

Education

Bachelor's degree

Tools

Vestmark

CG Trade Connect

InvestCloud

Fiserv MMS

Envestnet EMP

Job description

Vestmark Advisory Solutions (VAS) is expanding its advisory and asset management services and has an opening for an experienced Trader in the retail SMA order generation and trade execution arena. The VAS Trader implements trades to Manager Models, supports SMA, MSP, and Model Only/UMA sponsors and managers, and ensures trades are submitted and executed.

You'll manage trade order processing, pre- and post-trade servicing, and maintain accounts across Vestmark and enterprise clients.