Asset Management Senior Trading Associate - UMA Trading

Raymond James•Memphis, TN

1d•Hybrid

About The Position

This position will follow our hybrid work model, requiring the selected candidate to work 3 days a week at the Memphis, TN, corporate office. As part of the AMS Trading team, the Asset Management Senior Trading Associate applies acquired knowledge and skills to review and implement model portfolio overlays across various managed account platforms, utilizing exchange-traded products. Under general supervision, the role involves performing a range of trading and analytical tasks, including complex decision-making for trade execution and account issue resolution, based on established procedures and guidelines. Raymond James is a diversified financial services company providing wealth management, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Founded in 1962 in St. Petersburg, Florida, the company has embraced being a different kind of financial services firm. Today, Raymond James has locations and subsidiaries across the United States, Canada, the United Kingdom and Germany, and is listed on the New York Stock Exchange under the symbol RJF. The business is deeply focused on people and their financial well-being, committed to helping individuals, corporations and institutions achieve their goals, while also supporting successful professionals and helping communities prosper. Raymond James believes doing well and doing good aren't mutually exclusive. As an established but ever-evolving company, associates can start or continue growing their careers there, with investments in wide-ranging benefits and the support of leaders and colleagues. The company prioritizes development opportunities, enriching networking groups, diversity, inclusion, and the power of different perspectives, fostering an environment where good people grow. Its people-first culture is outlined in its Culture Blueprint.

Requirements

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.
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.
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.
Bachelor’s, High School (HS) (Required)
General Experience - 13 months to 3 years
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)
Tax Credit Specialist (TCS) - National Center for Housing Management (NCHM)

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.