Trader

MAI Capital Management; Independence (OH); On-site; USD 50,000 - 62,000; Full time

Benefits offered by this job

Discretionary Bonus

Medical Insurance

Dental Insurance

Vision Insurance

401(k)

Health Savings Account

Paid Maternity Leave

Paid Parental Leave

Tuition Reimbursement

Job summary

A financial management firm is seeking a Trader in Investment Operations. This entry-level role involves executing and reconciling trades, supporting investment strategies, and collaborating with advisors and portfolio managers. Candidates should have a Bachelor's degree and preferred experience in securities operations. The position offers various benefits including medical and dental insurance, and a discretionary bonus.

Qualifications

• 1 – 2 years of experience in trade desk and securities operations preferred.
• Proficiency with portfolio trading systems is preferred.
• Ability to multi-task and work under pressure.

Responsibilities

• Execute, allocate, and reconcile trades.
• Maintain and rebalance portfolios across strategies.
• Support trading requests from advisors and portfolio managers.

Skills

Team player

Analytical skills

Quantitative skills

Communication skills

Education

Bachelor’s degree in Finance, Economics, Accounting or related field

Tools

Excel

PowerPoint

Word

Microsoft Dynamics CRM

Tamarac

Flyer Co-Pilot

Job description

MAI Capital Management provided pay range

This range is provided by MAI Capital Management. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base Pay Range

$50,000.00/yr - $62,000.00/yr

General Job Description

The Trader in Investment Operations is responsible for trade execution, settlements, reconciliations, trade support to advisors/portfolio managers and other operations team initiatives. This role provides tactical perspectives to help ensure that the Investment Operations team efficiently meets the trading needs of the firm. Acts as a point of contact to service providers whose applications serve critical functions to support the investment process needs of the entire firm. In addition, the Trader partners with the Senior Traders and Trading Team Manager on a varied and diverse set of tasks for both short and long‑term goals.

Major Duties and Responsibilities

• Execute, allocate, and reconcile trades in a timely manner
• Process paperwork for trade order execution and trade settlement
• Maintain and rebalance portfolios across different strategies
• Work with firm portfolio managers in creating trades across various models and strategies and invest/raise cash as needed
• Support trading requests from advisors and portfolio managers
• Review security transactions
• Liaise with operations to resolve any critical/complex problems related to specific trading transactions or processes
• Deal with complex issues utilizing appropriate channels and resources
• Support service requests ensuring compliance and risk mitigation practices are followed
• Identify, communicate, and monitor discrepancies and workflow issues between the trading and accounting systems
• Update and maintain reports daily, weekly and monthly to monitor model and strategy accounts
• Produce ad hoc reports for traders and portfolio managers
• Administers moderately complex operation tasks
• Ensure trade workflow is operating with efficiency, quality, and accuracy
• Reconcile accounts versus custodial positions daily before market open

Experience/ Credentials

• Bachelor’s degree in Finance, Economics, Accounting or related field
• 1 – 2 years of experience in trade desk and securities operations is preferred
• Demonstrated proficiency with portfolio trading systems is preferred: Tamarac, Flyer Co‑Pilot
• Experience in general business applications: Excel, PowerPoint, Word, SharePoint, Microsoft Dynamics CRM

Competencies

• Team player with the ability to multi‑task, work under pressure, and resolve problems and conflicts.
• Strong quantitative and analytical skills; organized, detail oriented.
• Able to meet deadlines, while still maintaining flexibility to prioritize and execute to meet client and firm needs and support peak volumes.
• Strong systems knowledge and technology skills; ability to learn other MAI financial software tools and stay abreast of software updates.
• Keen interest in the markets and general trading knowledge
• Committed to promoting best practices in the application of policies, procedures and elements of governance affecting operational risk through the firm.
• Excellent oral and written communication skills
• Strong organizational and interpersonal skills with a demonstrated commitment to teamwork and partnerships
• Risk management focused.
• Maintains absolute confidentiality of all client information and safeguards client and firm data; maintains high ethical standard in all practices.
• Professional and positive demeanor, superb work ethic, high level of personal ethics and integrity

Featured Benefits

• Discretionary Bonus
• Medical Insurance
• Dental Insurance
• Vision Insurance
• 401(k)
• Health Savings Account
• Paid Maternity Leave
• Paid Parental Leave
• Tuition Reimbursement

Seniority Level

• Entry level

Employment Type

• Full‑time

Job Function

• Finance and Sales