Vestmark Senior Trader responsible for implementing trades to Manager Models and managing trade order execution. Supports SMA, MSP, and Model Only/UMA sponsors and managers while ensuring trade order management and risk controls.
Responsibilities
Proactively identify opportunities for improvements in trading process and efficiency
Process client model change requests by generating the across-the-board (ATB) block trade orders required to affect the model changes, within the client sponsor, while performing all related controls to mitigate risk.
Process maintenance requests (new accounts, cash flows, terminations, tax harvests, etc.) by rebalancing accounts as instructed and routing the resulting trade orders for execution, within the client sponsor, while performing all related controls to mitigate risk.
Communicate client model changes to Model Only/UMA sponsors in accordance with the ATB trade order rotation, within client SLAs, while performing all related controls to mitigate risk.
Perform Trading Services on behalf of Clients to assist connectivity between Vestmark and Sponsors.
Responsible for all aspects of trade operations including trade order management, execution review and reconciliation on trades generated by the portfolio management team across Vestmark and its enterprise clients’ platforms.
Qualification
Bachelor’s degree in a related fieldWorking knowledge of VestmarkIn addition to base salary$100
Required
Bachelor’s degree in a related field
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
Must be highly organized with strong attention to detail, self-motivated, good work ethics, and work effectively in a team environment.
Preferred
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 would be preferred.
Vestmark is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Vestmark prohibits employment discrimination on the basis of race, color, religion, gender identity, sex, sexual orientation, pregnancy, national origin, age, disability status, protected military or veteran status, and genetic information. #LI-TG1 #LI-Remote It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Vestmark takes a market-based approach to compensation to ensure we pay fairly and competitively. Compensation for this role depends on several factors such as skills, experience, qualifications, job scope and location.
In addition to base salary, Vestmark offers a comprehensive total rewards package, which includes, company-paid medical premiums of 90%, a competitive time-off program, and other variable compensation, if eligible.
