Wealth Management Centralized Trading Analyst

Regions Bank; Hoover (AL); On-site; USD 48,049 - 58,727; Full time

Benefits offered by this job

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Parental Leave

Employee Assistance Program

Job summary

Regions Bank is seeking a Wealth Management Centralized Trading Analyst to manage trading and portfolio activities for Asset Management within the Wealth Management division.

You will support portfolio managers and advisors, provide investment guidance, and execute trades to align portfolios with investment objectives across client accounts.

Qualifications

• Bachelor’s degree or HS Diploma with four years of trading/asset management experience.
• Experience in trading, asset management, wealth management, trust operations, or related fields preferred.
• Ability to follow desk procedures and enhance them as appropriate.

Responsibilities

• Initiates, maintains, monitors, and executes security transactions with trading authority; rebalances, raises and invests cash, implements model changes, and liquidates accounts as required.
• Supports Portfolio Managers, PWM Trust Advisors, and Relationship Consultants with investment policies and unique trade requests.
• Provides investment advice and guidance by developing client objectives and monitoring portfolio risks, and by executing trades.
• Executes on the trading platform and participates in quarterly software testing; trains RAM Portfolio Managers on functionality.
• Develops ideas to increase trading efficiency and strengthen risk mitigation for Asset Management.
• Understands asset allocation and model fulfillment for RAM’s Mutual Fund and CTG models at firm level.
• Performs ad hoc reporting and other trade operation tasks; assists in training associates on trading systems.

Skills

Trading

Portfolio Management

Client Communication

Attention to Detail

Team Player

Time Management

Microsoft Office

Education

Bachelor’s degree

Tools

Microsoft Office Suite

Job description

Job Description

At Regions, the Wealth Management Centralized Trading Analyst performs trading and portfolio management activities for accounts in Asset Management and other portions of Wealth Management. This position is responsible for ensuring Wealth Management portfolios are aligned with investment objectives, supporting partner requests for portfolio maintenance, providing investment advice and guidance to internal advisors, and effecting trades within client portfolios. This role works with partners to detect, report, and escalate issues related to trading technology and is responsible for executing mandatory risk oversight and reporting on the Centralized Trading book of business.

Primary Responsibilities

• Initiates, maintains, monitors, and executes required actions to effect security transactions in accounts where given trading authority; rebalances, raises and invests cash, implements model changes, and liquidates accounts as required
• Supports Portfolio Managers, Private Wealth Management (PWM) Trust Advisors, and Relationship Consultants with the implementation of investment policies, unique trade requests, and actions developed by the Investment Working Group
• Provides investment advice and guidance to PWM Trust Advisors and Relationship Consultants by developing client investment objectives and investment policy statements, monitoring portfolio risks, and effecting trades within client portfolios
• Executes on the trading platform with expert-level knowledge, participates in testing of quarterly software updates, detects and elevates system issues to trading platform vendor, and provides training to Regions Asset Management (RAM) Portfolio Managers regarding functionality
• Participates in developing ideas and executing practices to increase overall trading efficiency and enhance risk mitigation for the Asset Management business unit
• Possesses a deep understanding of Asset Managements’ best thinking and model creation, current asset allocation, and tactical allocations in RAM's Mutual Fund and Manager Models and Central Trading Group (CTG) firm level fulfillment models
• Performs ad hoc reporting and other firm level trade operation functions
• Assists in training associates on trading systems

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• Bachelor’s degree
• OR High School Diploma or GED and four (4) years of trading, asset management, wealth management, trust operations, business, marketing, communications or other related experience

Preferences

• Relevant experience preferred (i.e. summer internship)

Skills and Competencies

• Ability to be proactive in learning new systems, be a team player, and take initiative to go above and beyond what is asked
• Ability to multitask and work well under pressure
• Demonstrated success in following documented desk procedures and enhancing procedures as appropriate
• Excellent customer service skills
• Excellent verbal and written communication skills
• Proficiency in Microsoft Office Suite
• Proven ability to work independently
• Strong attention to detail and organizational skills

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum: $53,388.50 USD

Median: $68,750.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please remove link here.

Location Details

Riverchase Complex North Building

Location

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.