Raymond James
Asset Management Senior Trading Associate - UMA Trading
Raymond James, St. Petersburg, Florida, United States
Overview
Asset Management Senior Trading Associate - UMA Trading at Raymond James. An individual contributor with recognized skills in a specialized role in Asset Management. This position follows a hybrid work model; selected candidate will work 3 days a week at one of the Memphis, TN or Saint Petersburg, FL corporate offices. Essential Duties And Responsibilities
Overlay accounts to pre-defined single and multi-sleeve trading models and execute trades based on product guidelines. 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. Analyze individual account data to identify outliers of current model positions and resolve discrepancies. Communicate with outside managers regarding trade execution, model discrepancies. 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. Knowledge, Skills, And Abilities
Knowledge of
Market trading practices of products including equities, ADRs, ETFs, UCITs, and Mutual Funds. General knowledge of managed account practices. Principles of banking and finance and securities industry trading and operations. 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 a high-level customer service in a fast-paced environment. Problem solving 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. 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. Licenses/Certifications
None are required Travel Required
No Education
Bachelors: Accounting, Bachelors: Business Administration, Bachelors: Finance, High School (HS) (Required) Work Experience
General Experience - 13 months to 3 years Certifications
Securities Industry Essentials Exam (SIE) - FINRA, Tax Credit Specialist (TCS) - NCHM Travel
Less than 25% Workstyle
Hybrid Company Culture
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 associates at all levels to grow professionally, work with others to achieve outcomes, make prompt, pragmatic decisions with the client in mind, take ownership, and contribute to the firm's evolution. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. #J-18808-Ljbffr
Asset Management Senior Trading Associate - UMA Trading at Raymond James. An individual contributor with recognized skills in a specialized role in Asset Management. This position follows a hybrid work model; selected candidate will work 3 days a week at one of the Memphis, TN or Saint Petersburg, FL corporate offices. Essential Duties And Responsibilities
Overlay accounts to pre-defined single and multi-sleeve trading models and execute trades based on product guidelines. 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. Analyze individual account data to identify outliers of current model positions and resolve discrepancies. Communicate with outside managers regarding trade execution, model discrepancies. 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. Knowledge, Skills, And Abilities
Knowledge of
Market trading practices of products including equities, ADRs, ETFs, UCITs, and Mutual Funds. General knowledge of managed account practices. Principles of banking and finance and securities industry trading and operations. 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 a high-level customer service in a fast-paced environment. Problem solving 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. 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. Licenses/Certifications
None are required Travel Required
No Education
Bachelors: Accounting, Bachelors: Business Administration, Bachelors: Finance, High School (HS) (Required) Work Experience
General Experience - 13 months to 3 years Certifications
Securities Industry Essentials Exam (SIE) - FINRA, Tax Credit Specialist (TCS) - NCHM Travel
Less than 25% Workstyle
Hybrid Company Culture
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 associates at all levels to grow professionally, work with others to achieve outcomes, make prompt, pragmatic decisions with the client in mind, take ownership, and contribute to the firm's evolution. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. #J-18808-Ljbffr