Trader

MAI Wealth Management, Inc.; Independence Township (OH); On-site; USD 50,000 - 62,000; Full time

Job summary

MAI Wealth Management, Inc. in Independence, OH is seeking a Trader to handle trade execution, settlements, reconciliations and trade support for advisors and portfolio managers.

The role collaborates with Senior Traders and the Trading Team Manager on diverse tasks to meet short and long-term goals. The ideal candidate will have a finance-related bachelor's degree and 1–2 years in trade desk/operations, plus proficiency with Tamarac and spreadsheet/CRM tools.

Qualifications

• 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

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
• Support trading requests from advisors and portfolio managers
• Review security transactions
• Liaise with operations to resolve critical/complex problems related to 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 between 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

Skills

Quantitative skills

Analytical skills

Communication skills

Teamwork

Attention to detail

Organization

Education

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

Tools

Tamarac

Flyer Co-Pilot

Excel

PowerPoint

Word

SharePoint

Microsoft Dynamics CRM

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Trader

Full Time Independence, OH, US

3 days ago Requisition ID: 1937

Salary Range: $50,000.00 To $62,000.00 Annually

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


• 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