Associate Portfolio Manager, Trading

Busey Bank • Creve Coeur, MO

9h • Onsite

About The Position

The Associate Portfolio Manager, Trading works with Wealth Advisors, Associates, and the Investment Team to monitor and invest client accounts. This position executes stock, mutual fund and fixed income trades to invest cash, raise cash, and rebalance accounts according to established guidelines. This position also monitors accounts, performs periodic compliance reviews and recommends or takes corrective actions when appropriate. Level I operates as an entry-level hire, under direct supervision of a manager, to monitor portfolios and complete trade/rebalance tasks. Level II manages more complex portfolios with multiple accounts, non-standard holdings, or tax issues, requiring a deep understanding of underlying investments to make custom recommendations. This role also involves working with advisors on customized proposals, monitoring and executing trades, managing large orders or illiquid assets, implementing model changes, assisting with performance reporting, and acting as an interface between trading functions and other core WM teams. Investment analysis, such as equity, fixed income, or mutual fund research, is also a component of this role, performed under supervision.

Requirements

• Strong oral and written communication skills
• Strong attention to detail
• Provide a high level of customer service
• Work independently and perform duties under frequent time pressures
• Adhere to established policies and procedures including maintaining confidentiality of customer account information
• Minimize trade errors and account level non-compliance
• Maintain timeliness of response to trade requests
• Requires Bachelor’s degree.
• Requires proficiency in Microsoft Office, experience with Microsoft Excel including use of Pivot Tables, Macros, and VBA.

Responsibilities

• Execute stock and mutual fund trades as requested by advisors.
• Rebalance client accounts to predefined target allocations.
• Monitor accounts to insure that they are invested according to established guidelines and account specific policies and restrictions.
• Maintain and update client specific restrictions and investment guidelines in trading systems.
• Generate trade proposals and recommendations as requested by advisors.
• Perform periodic reviews of accounts for compliance purposes.
• Work directly with advisors to generate and execute customized proposals for client’s unique situations incorporating legacy holdings, tax minimization and asset location across multiple accounts.
• Monitor and review trades generated across all client accounts.
• Compile trades and execute in appropriate market venue seeking best execution.
• Manage trading of large orders, illiquid assets or other uncommon securities.
• Implement model changes across multiple client accounts.
• Assist in the generation of performance reporting, market commentary, and presentation materials.
• Act as interface between trading functions and other core WM teams to problem solve and plan as needed.
• Complete investment analysis, under supervision of Investment PM, such as equity, fixed income or mutual fund research.

Benefits

• 401(k) match
• profit sharing
• employee stock purchase plan
• paid time off
• medical
• dental
• vision
• company-paid life insurance
• long-term disability
• supplemental voluntary life insurance
• short-term disability
• wellness incentives
• employee assistance program
• pre-tax health savings accounts
• flexible spending accounts

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level