This is an exciting and challenging opportunity to partner with Portfolio Managers to support all aspects of client servicing and account maintenance for high-net-worth clients.
The Operations Associate will perform the following duties:
Private Wealth Trading and Operations
- Generate funds for cash withdrawal requests and invest cash deposits
- Orchestrate block trading requests
- Execute and allocate bond trades
- Execute tax-loss harvesting requests
- Reconcile client accounts to custodian statements
- Rebalance new accounts to proper model portfolio
- Provide support during the account opening and funding process from beginning to successful completion
- Set-up and manage client data and accounts in firm databases
- Follow-up on all ACAT and non-ACAT requests to ensure proper receipt of assets
- Review all client withdrawals, contributions, transfers, and account updates
Asset Management Trading and Operations
- Review pending/active client accounts for all custodian brokers
- Open new accounts and deposit cash/securities into accounts
- Handle Individual Account Requests: Deposits, Withdrawals, Terminations & Liquidations
- Ensure all accounts are invested in respective Model Portfolio at proper allocations
- Orchestrate block trading for our models
- Communicate with trade desks to ensure proper execution
- Execute tax-loss harvesting requests
- Reconcile client accounts to custodian statements and collect custodian statements
Job Qualifications
The ideal candidate should have a bachelor's degree with a business background (i.e. finance, economics etc.) and excellence in academics.
Candidates should have previous experience in brokerage, banking or investment management services.
Proficiency in Word and Excel are required. Experience with Advent, Moxy, APL and other trading software is preferred.
