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Salary: USD 75,000 - 90,000 / annual
Vestmark Advisory Solutions (VAS) is expanding its advisory and asset management services and seeking an experienced Trader to implement trades to Manager Models in the retail SMA (Separately Managed Account) order generation and trade execution arena. This role is primarily responsible for executing trades based on proprietary and third-party models, supporting SMA, MSP, and Model Only/UMA sponsors and managers while maintaining underlying accounts.
Key responsibilities include:
- Proactively identify opportunities for improvements in trading processes and efficiency
- Process client model change requests by generating across-the-board (ATB) block trade orders required to affect model changes within client sponsors, performing all related risk mitigation controls
- Process maintenance requests (new accounts, cash flows, terminations, tax harvests, etc.) by rebalancing accounts as instructed and routing resulting trade orders for execution, with appropriate risk controls
- Communicate client model changes to Model Only/UMA sponsors in accordance with ATB trade order rotation and client SLAs, maintaining risk mitigation protocols
- Perform trading services on behalf of clients to assist connectivity between Vestmark and sponsors
- Manage all aspects of trade operations including trade order management, execution review, and reconciliation on trades generated by the portfolio management team across Vestmark and enterprise client platforms
Required Qualifications:
- Bachelor's degree in a related field
- 1-3+ years of experience in the Separately Managed Account (SMA), Unified Managed Account (UMA), or wealth management industry
- Strong analytical skills and proficiency in Microsoft Office
- Highly organized with strong attention to detail, self-motivated, good work ethics, and ability to work effectively in a team environment
Preferred Qualifications:
- Working knowledge of Vestmark, CG Trade Connect, InvestCloud (formerly Fiserv APL), Fiserv MMS, or Envestnet Manager Portal (EMP)
- Knowledge of tax overlay and direct indexing
