Trading and Operations Associate

Advisor Group Inc.; New York (NY); Hybrid; USD 75,000 - 90,000; Full time

Job summary

LTAM, a part of Osaic, seeks a detail-oriented Trading and Operations Associate in New York City. The role focuses on actively trading model portfolios, rebalance activities, and client support for advisory accounts.

Strong communication and organizational skills are essential, with demand for careful monitoring of cash flows and risk factors. Bachelor's degree required, 2–5 years' experience, and proficiency with Microsoft Office tools.

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 project deadlines.
• Ability to work independently with little direction.
• Proficiency with Microsoft applications including Excel, Word, PowerPoint and Outlook.

Responsibilities

• Actively trade and rebalance 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 trading activity, market analysis and portfolio rebalancing.
• Verify previous day's trades.
• Invest new accounts and track dollar cost averaging for partially invested accounts.
• Track and monitor accounts with systematic withdrawals and other exceptions.
• Process account servicing forms for platforms (withdrawals, beneficiary updates, address changes).
• Review asset allocation and provide updated model allocations to platforms.
• Establish accounts on Black Diamond and custodial platforms.
• Prepare assets under management, projected revenue and profitability reports for executives.

Skills

Communication skills

Organizational skills

Independent work

Attention to detail

Education

Bachelor's degree

Tools

Excel

Word

PowerPoint

Outlook

Job description

Osaic Careers 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.

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