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Job Snapshot
-
Employee Type:
Full-Time -
Location:
St. Petersburg, FL -
Job Type:
-
Experience:
Not Specified -
Date Posted:
10/16/2024
Job Description
This position will follow our hybrid work model; we expect the selected candidate to work 2-3 days a week at one of our corporate offices in Memphis, TN, or Saint Petersburg, FL.
Job Summary
You will be a member of the AMS Trading team. As the Overlay Portfolio Reviewer, you will use the knowledge and skills gained through work experience to review and apply tax-optimized model portfolio overlays on multiple managed account platforms using exchange-traded products. You will also encompass daily management of multi-sleeve accounts with more than one trade discretion type. You will be working under general supervision; the role involves using established procedures and guidelines to execute various trading and analytical tasks that require evaluation and complex decision-making. This includes executing trades and resolving account issues.
Essential Duties and Responsibilities
- Overlay accounts to pre-defined single and multi-sleeve trading models and execute trades based on product guidelines.
- Oversee the day-to-day management of multi-sleeve accounts with trading discretion held away from Raymond James on some sleeves.
- Execute blocks of mixed asset types under tight time constraints while managing cash balances.
- Extensive communication with outside money managers regarding trade execution, daily cash flows, and other account reviews.
- Create and execute large block trade allocations, determining method of execution including limits, use of local markets for ADR conversions, and Authorized Participants for ETF creation and redemption units.
- Manage data files with tax overlay vendors, including data validation, account coding, and transmission issues.
- Analyze individual account data to identify outliers of current model positions and resolve discrepancies.
- Perform high-level reviews of accounts to ensure investment objectives are being met.
- Perform tax loss harvesting.
- Research and resolve complex account errors, providing necessary trade corrections.
- Update trading models based on data provided by outside money managers.
- Perform other duties and responsibilities as assigned.
Job Requirements
Knowledge of:
- General knowledge of managed account practices.
- Principles of banking and finance and securities industry trading and operations.
- Market trading practices of products, including equities, ADRs, ETFs, UCITs, and Mutual Funds.
- Financial markets and investment products and services.
- Mathematical ability sufficient to calculate transactions accurately and efficiently.
- Intermediate Excel experience.
Skill in:
- Advanced analytical skills: analyze data to draw logical conclusions and interpret results for use in decision-making.
- Personal resilience while providing high-level customer service in a fast-paced environment.
- Problem-solving that is sufficient to effectively analyze, research, and resolve inquiries and issues in a timely manner.
- Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.
Ability to:
- Organize, prioritize, and manage multiple activities/tasks simultaneously and complete work efficiently.
- Communicate effectively and professionally, both orally and in writing.
- Ability to work independently as well as collaboratively within a team environment.
- Attend to detail while maintaining a big-picture orientation.
- Identify the needs of customers through effective questioning and listening techniques.
Educational/Previous Experience Requirements:
- Bachelor%26rsquos Degree in a related field and a minimum of two (2) to four (4) years%26rsquo experience in managed accounts within the financial services industry/managed accounts.
~or~
- Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications:
- None required.
Travel Required:
- None required.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
