Trading and Operations Associate

Osaic; Elm Grove (NY); Hybrid; USD 75,000 - 80,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

Dental insurance

401k

Paid time off

Volunteer days

Job summary

Osaic, via Ladenburg Thalmann Asset Management (LTAM), is seeking a Trading and Operations Associate in New York City. You will actively trade, rebalance model portfolios, and support operational processing within the asset management team.

This full-time hybrid role requires 2–5 years of related experience, excellent written and verbal communication, and strong Microsoft Office skills. Salary is $75,000–$80,000 per year plus a performance bonus, with health/vision/dental, 401k, PTO, and more.

Qualifications

• Bachelor's degree is required.
• 2-5 years' experience in a similar professional capacity.
• Excellent verbal and written communication skills.
• Dedicated work ethic and strong organizational skills.
• Willingness to work extended hours to meet deadlines.
• Ability to work independently with little or no direction.
• Must possess excellent computer skills and be proficient using Microsoft applications including Excel, Word, PowerPoint and Outlook.

Responsibilities

• Actively trade and rebalance the model portfolios comprised of ETFs and mutual funds.
• Generate orders in accounts using various systems.
• Monitor concentration percentages of each fund for trading and risk management.
• Monitor cash flows in accounts and execute trades accordingly.
• Answer advisors' questions on all trading activity, market analysis and portfolio rebalancing.
• Verify previous day's trades.
• Invest new accounts and track dollar cost averaging schedule for partially invested accounts.
• Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions and any other exceptions.
• Receive and process all account servicing forms for certain platforms (withdrawals, beneficiary updates, address changes).
• Review the firm's five strategic asset allocation for adjustments to the portfolios along with the investment policy committee.
• Create dispersion report for accounts with restrictions.
• Provide updated model allocations to appropriate platforms and verify changes have been made.
• All other duties as assigned.
• Establishing accounts on Black Diamond and various custodial platforms.
• Monitoring cash flows in accounts and trade and bill accordingly.
• Preparing assets under management, projected revenue and profitability reports for executives.

Skills

Verbal communication

Written communication

Microsoft Office

Attention to detail

Independent worker

Education

Bachelor's degree

Tools

Microsoft Office Suite

Excel

Word

PowerPoint

Outlook

Job description

Asset Management Opportunity in Financial Services

Trading and Operations Associate

Location(s):

New York City: 640 5th Ave 4th Floor, New York, NY 10019

Osaic has returned to the office on a hybrid schedule requiring a minimum of 4 days weekly in the office. Applicants located must be willing to work this schedule.

Osaic is not considering remote candidates at this time.

Role Type: Full time

Salary: $75,000 - $80,000 per year + annual performance-based bonus

Actual compensation offered will be determined individually, based on a number of job-related factors, including location, skills, experience, and education.

Our competitive compensation is just one component of Osaic's total compensation package. Additional benefits include health, vision, dental insurance, 401k, paid time away, volunteer days and much more. To view more details of what you can look forward to, visit our careers page:Osaic Benefits.

Summary:

Ladenburg Thalmann Asset Management (LTAM), a member of Osaic, is a registered investment advisor with over $7 billion assets under management. We are seeking a dedicated self-starter to add to the Asset Management team as a Trading and Operations Associate. Candidates must be extremely detail oriented with exceptional communication skills.

Responsibilities:

Trading Tasks

• Actively trade and rebalance the model portfolios comprised of ETFs and mutual funds
• Generate orders in accounts using various systems
• Monitor concentration percentages of each fund for trading and risk management
• Monitor cash flows in accounts and execute trades accordingly
• Answer advisors' questions on all trading activity, market analysis and portfolio rebalancing
• Verify previous day's trades
• Invest new accounts and track dollar cost averaging schedule for partially invested accounts
• Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions and any other exceptions
• Receive and process all account servicing forms for certain platforms (withdrawals, beneficiary updates, address changes)
• Review the firm's five strategic asset allocation for adjustments to the portfolios along with the investment policy committee

• Create dispersion report for accounts with restrictions
• Provide updated model allocations to appropriate platforms and verify changes have been made
• All other duties as assigned

Operational Tasks

• Account servicing tasks such as processing withdrawals, beneficiary updates, address changes, etc.
• Establishing accounts on Black Diamond and various custodial platforms
• Monitoring cash flows in accounts and trade and bill accordingly
• Preparing assets under management, projected revenue and profitability reports for executives

Education Requirements:

Bachelor's degree is required.

Basic Requirements:

• 2-5 years' experience in a similar professional capacity
• Excellent verbal and written communication skills
• Dedicated work ethic and strong organizational skills
• Willingness to work extended hours in order to meet project deadlines
• Ability to work independently with little or no direction
• Must possess excellent computer skills and be proficient using Microsoft applications including Excel, Word, PowerPoint and Outlook.

Preferred Requirements:

• FINRA Series 7 preferred
• Accounting experience