Trader

OpenKrill; United States; Remote; USD 75,000 - 90,000; Full time

Benefits offered by this job

Company-paid medical premiums (90%)

Generous time-off program

Total rewards package

Job summary

Vestmark is seeking an experienced trader to support SMA/UMA trading, model changes, and execution across client sponsor platforms. You will manage trade orders, perform pre- and post-trade servicing, and ensure timely execution.

The role emphasizes process improvements, cross-functional collaboration, and adherence to client SLAs while mitigating risk. A Bachelor’s degree and 1–3+ years in SMA/UMA are required, with strong analytical skills and MS Office proficiency.

Qualifications

• Bachelor’s degree in a related field.
• 1–3+ years of SMA/UMA or wealth management industry experience.
• Strong analytical skills and proficiency in Microsoft Office.
• Highly organized with strong attention to detail; able to work well in a team.

Responsibilities

• Proactively identify opportunities to improve trading processes and efficiency.
• Process client model change requests by generating ATB block trade orders and performing controls to mitigate risk.
• Process maintenance requests (new accounts, cash flows, terminations, tax harvests) by rebalancing accounts and routing trade orders for execution.
• Communicate client model changes to Model Only/UMA sponsors per ATB rotation within SLAs with controls.
• Perform Trading Services to connect Vestmark with Sponsors.
• Manage all aspects of trade operations including trade order management, execution review and reconciliation across Vestmark platforms.

Skills

Analytical skills

Detail oriented

Team collaboration

Education

Bachelor's degree in related field

Tools

Microsoft Office

Job description

Vestmark Advisory Solutions (VAS) is expanding its advisory and asset management services and has an opening for an experienced individual in the retail SMA order generation and trade execution arena. The VAS Trader is primarily responsible for implementing trades to Manager Models. The models are proprietary and 3rd party. This position supports SMA, MSP, and Model Only/UMA sponsors and managers and maintaining the underlying accounts. In addition, this role handles trade order management, pre- and post-trade servicing, and ensuring trades are submitted and executed.

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.

Required 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.

Preferred Qualifications

• Working knowledge of the Vestmark, CG Trade Connect, InvestCloud (formerly Fiserv APL), Fiserv MMS, Envestnet Manager Portal (EMP).
• Knowledge of tax overlay and direct indexing would be preferred.

Vestmark is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Vestmark prohibits employment discrimination on the basis of race, color, religion, gender identity, sex, sexual orientation, pregnancy, national origin, age, disability status, protected military or veteran status, and genetic information. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. #LI-TG1 #LI-Remote

Vestmark takes a market-based approach to compensation to ensure we pay fairly and competitively.

In addition to base salary, Vestmark offers a comprehensive total rewards package, which includes, company-paid medical premiums of 90%, a competitive time-off program, and other variable compensation, if eligible.

Salary range$75,000-$90,000 USD