Sunday, June 17, 2012

Junior Trader

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The junior trader has general knowledge of equity and fixed income trading strategies. This individual has a basic understanding of the managed accounts business, including wrap programs, wrap trading and general sponsor information. The primary responsibilities include trading new accounts, contributions and withdrawals, liquidations, restriction monitoring and tax selling. This person is also responsible for account-level maintenance such as modeling, trade allocation and general portfolio administration. General portfolio administration includes creating exception reports, monitoring account drift, holding deviation and tracking restriction alerts. In addition, this person works closely with the Reconciliation, Settlements and Client Service teams to resolve account-related problems.

Primary Responsibilities

Process client withdrawals and deposits for all strategies, fixed income and equities.
Trade new accounts, style changes and other various account-level activity against appropriate models
Process terminations
Process tax harvesting requests
Process wash sale restrictions
Communicate with sponsor trading desks and provide internal trade support
Run daily, weekly and monthly reports for various departments
Run exception reports and utilize system resources to track account dispersion, high and low cash, etc.
Help facilitate the correction of trading errors and support documentation efforts
Apply trading restrictions
Download/update sponsor trading files and data into APL and Vestmark
Check security prices against various pricing systems
Collect, track and report primary production statistics
Work with trading/order desks to facilitate transactional and related status activity
Identify ways to streamline and improve trading and audit processes
This role will primarily focus on account specific trading (verses trading across entire strategies), but may encompass facilitating portfolio manager-directed model updates, trades and related documentation efforts and other ad hoc activities such as fixed income trading

Experience/Skills Required

BA/BS degree required
One plus year trading or trade operations experience
Ability to work with and calculate numbers
Attention to detail/high level of accuracy is critical in this position and is a MUST
Ability to handle deadlines, stress and time sensitive situations
Ability to effectively multi-task
Understanding of applicable regulatory issues and general regulatory landscape
Team player
Self starter with an eagerness to learn
Technically adept desirable
Familiarity with sponsor trading desks & trade execution services preferred
Familiarity with portfolio modeling strategies preferred
APL and/or Vestmark experience highly desirable


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