Note: The job is a remote job and is open to candidates in USA. Vestmark Advisory Solutions (VAS) is expanding its advisory and asset management services and has an opening for an experienced Trader. The VAS Trader is primarily responsible for implementing trades to Manager Models and managing trade order processes to ensure efficient execution and compliance with client requirements.
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
Skills
- Bachelor's degree in a related field
- 1-3+ 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
- Working knowledge of the Vestmark, CG Trade Connect, InvestCloud (formerly Fiserv APL), Fiserv MMS, Envestnet Manager Portal (EMP)
- Knowledge of tax overlay and direct indexing would be preferred
Benefits
- Equity-based grants for all new hires
- Company-paid medical premiums of 90%
- A competitive time-off program
- Other variable compensation, if eligible
Company Overview
Vestmark provides support to their users so that they can focus on the important work of helping investors reach their financial goals. It was founded in 2001, and is headquartered in Wakefield, Massachusetts, USA, with a workforce of 201-500 employees. Its website is https://www.vestmark.com.