Investment Associate

Washington Trust Bank•Spokane, WA

5d•$25 - $38•Onsite

About The Position

The central focus of this position is to learn all aspects of selling securities and insurance products from small to medium sized investment accounts, adhering to securities regulations and safe, sound banking practices. This position also performs trading and sales assistant functions in the Investment Services Department. Regular, reliable attendance is required.

Requirements

Series 7 and 63 licenses required.
Must exhibit strong attention to detail and high degree of accuracy.
Must demonstrate problem-solving skills.
Must have good verbal and written communication skills and background in application of current business English; knowledge of investment terminology.
Organizational skills, ability to track and follow-up on multiple projects simultaneously.
Ability to handle sensitive information, confidentiality.
Perform compliance and risk management duties as required or assigned.

Responsibilities

Accept buy and sell orders from current customers.
Under supervision, open new accounts for non-deposit investments. Includes conducting fact finding interviews to qualify clients, evaluate information, research appropriate investment alternatives, prepare presentations, present alternatives to clients, implement recommendations and monitor investments. All of these functions must adhere to securities regulations.
Includes attaining a working knowledge of sales policies and procedures to assure that business practices comply with securities regulations and safe, sound banking practices.
Product Knowledge and Suitability. Includes attaining a strong working knowledge of deposit and non-deposit products to facilitate trading and sales support activities. This will be achieved through on-going continuing education, required regulatory and compliance training.
Assists Investment Officers by obtaining bids/offers for money market instruments and bonds under time pressures; placing the order with broker-dealer , following any prescribed procedures to minimize trading risk through timely and accurate execution of all trades.
Assure compliance with applicable security regulations and safe, sound banking practices by attaining a strong working knowledge of trading policies and procedures.
Assist Investment Officers when opening new customer accounts, assuring that all required information and documentation are provided and that the file is complete.
Assist Investment Officers with the preparation of sales presentations and periodic reviews for clients; includes: gathering appropriate support documents i.e. prospectuses and approved sales material.
Assist Investment Officers with documentation requirements, including transaction posting in client books, attaining proper documentation for any changes to an a client's account i.e. settlement instructions for purchases and disbursements; address changes; account updates; and objective changes.
Provide back up for other Sales Assistants in all aspects of their positions.