GENERAL JOB DESCRIPTION

The Trader in Investment Operations is responsible for trade execution, settlements, reconciliations, trade support to advisors/portfolio managers and other operations team initiatives. This role provides tactical perspectives to help ensure that the Investment Operations team efficiently meets the trading needs of the firm. Acts as a point of contact to service providers whose applications serve critical functions to support the investment process needs of the entire firm. In addition, the Trader partners with the Senior Traders and Trading Team Manager on a varied and diverse set of tasks for both short and long-term goals.

MAJOR DUTIES AND RESPONSIBILITIES

Execute, allocate, and reconcile trades in a timely manner
Process paperwork for trade order execution and trade settlement
Maintain and rebalance portfolios across different strategies
Work with firm portfolio managers in creating trades across various models and strategies and invest/raise cash as needed
Support trading requests from advisors and portfolio managers
Review security transactions
Liaise with operations to resolve any critical/complex problems related to specific trading transactions or processes
Deal with complex issues utilizing appropriate channels and resources
Support service requests ensuring compliance and risk mitigation practices are followed
Identify, communicate, and monitor discrepancies and workflow issues between the trading and accounting systems
Update and maintain reports daily, weekly and monthly to monitor model and strategy accounts
Produce ad hoc reports for traders and portfolio managers
Administers moderately complex operation tasks
Ensure trade workflow is operating with efficiency, quality, and accuracy
Reconcile accounts versus custodial positions daily before market open

EXPERIENCE/CREDENTIALS

Bachelor’s degree in Finance, Economics, Accounting or related field
1 – 2 years of experience in trade desk and securities operations is preferred
Demonstrated proficiency with portfolio trading systems is preferred: Tamarac, Flyer Co-Pilot
Experience in general business applications: Excel, PowerPoint, Word, SharePoint, Microsoft Dynamics CRM

COMPETENCIES

Team player with the ability to multi-task, work under pressure, and resolve problems and conflicts
Strong quantitative and analytical skills; organized, detail-oriented
Able to meet deadlines, while still maintaining flexibility to prioritize and execute to meet client and firm needs and support peak volumes
Strong systems knowledge and technology skills; ability to learn other MAI financial software tools and stay abreast of software updates
Keen interest in the markets and general trading knowledge
Committed to promoting best practices in the application of policies, procedures and elements of governance affecting operational risk through the firm
Excellent oral and written communication skills
Strong organizational and interpersonal skills with a demonstrated commitment to teamwork and partnerships
Risk management focused
Maintains absolute confidentiality of all client information and safeguards client and firm data; maintains high ethical standard in all practices
Professional and positive demeanor, superb work ethic, high level of personal ethics and integrity

FEATURED BENEFITS:

Medical Insurance
Dental Insurance
Vision Insurance
401(k)
Health Savings Account
Paid Maternity Leave
Paid Parental Leave
Tuition Reimbursement

MAI WEALTH MANAGEMENT, INC.

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