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Trading Operations Specialist

Company: MAI Wealth Management, Inc.
Location: Reston
Posted on: June 17, 2022

Job Description:

Job DescriptionGENERAL JOB DESCRIPTIONThe Trader in Investment Operations is responsible for trade execution, settlements, and reconciliations, as well as the quarterly reporting process, account billing process 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 Trader and Team Leader 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
  • Review security transactions
  • Liaise with operations to resolve any critical/complex problems related to specific trading transaction 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
  • Work with firm portfolio managers in creating trades across various models and strategies and invest/raise cash as needed
  • 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
    • 2-4 years of experience in trade desk and securities operations
    • Demonstrated proficiency with portfolio accounting systems: Advent, Axys, APX and Moxy
    • Demonstrated proficiency with investment research and data systems: FactSet, Baseline, Zephyr StyleAdvisor, Allocation Advisor, Morningstar Direct, eVestment Alliance
    • Proficient 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

Keywords: MAI Wealth Management, Inc., Reston , Trading Operations Specialist, Accounting, Auditing , Reston, Virginia

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