Trader II

UMB Bank • Overland Park, KS

2d • Hybrid

About The Position

The Portfolio Construction Desk maintains UMB’s Investment Models and implements UMB’s Investment Strategy in client accounts. As an Investment Platform Trader II, you will be responsible for keeping approximately 2,700 accounts in line with UMB’s Investment Strategy. In addition, you will help create client Investment Policy Statements and Investment Proposals. This position is hybrid, in-office Monday through Thursday, remote on Fridays. You will be primarily focused on less complex order management and trading activities for the team. You will be responsible for managing day to day client transactions, executing purchases and sales as instructed. You will be expected to maintain the highest quality of order execution across all transactions. You will produce reports for management and compliance on a regular basis summarizing trading activity. You will provide market color and information on macroeconomic and company specific news items to investment teams. You will execute on programs designed to elevate the client experience, maximize scale, and minimize trading risks. You will assist with trade settlement processing; maintain contact with custodian banks to ensure timely settlement and resolution of any trade breaks. You will work to prevent errors, breaches of client confidentiality or omissions. You will ensure all required Compliance requirements are met when performing job duties. You will provide credit research on all tax-exempt holdings, including providing analysis on all new purchases. Other duties as assigned.

Requirements

• Bachelor’s degree in a relevant field or a combination of education and experience that provides an equivalent background.
• 3+ years of applicable experience.
• Complex problem-solving skills.
• Strong communication and interpersonal skills.
• Exceptional written communication and presentation skills.
• Demonstrated trust, investment, and trading knowledge of portfolio modeling, platforms, policies and procedures, state, and federal laws/regulations.
• Competence in all trading requirements including portfolio modeling and order entry with the objective being to minimize trade errors.
• Ability to balance a client experience mindset when managing and controlling business risks.
• Ability to build and communicate analytical frameworks that define and measure success.
• Effective financial research skills.
• Understanding of the trading lifecycle from order placement through settlement.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, SharePoint).
• Proficiency in trading and order management software systems.
• Proficiency in UMB custody and clearing platforms such as SEI and Fidelity Wealthscape.
• Demonstrated strong math skills.

Nice To Haves

• Advanced investment strategy, portfolio management and research knowledge.
• Willingness to pursue additional, advanced certifications and other training as needed.
• Active in community and professional organizations.
• Proficiency in portfolio management software such as Advent MOXY or AXYS.
• Proficiency in investment research software such as Morningstar Direct, Thompson Reuters or Bloomberg; Power Image and FactSet.
• Proficiency in Salesforce CRM software.
• Proficiency in Workday, Peoplesoft, Archer, Skillport and Hyperion.

Responsibilities

• Keeping approximately 2,700 accounts in line with UMB’s Investment Strategy.
• Helping create client Investment Policy Statements and Investment Proposals.
• Managing day-to-day client transactions, executing purchases and sales as instructed.
• Maintaining the highest quality of order execution across all transactions.
• Producing reports for management and compliance on a regular basis summarizing trading activity.
• Providing market color and information on macroeconomic and company specific news items to investment teams.
• Executing on programs designed to elevate the client experience, maximize scale, and minimize trading risks.
• Assisting with trade settlement processing; maintaining contact with custodian banks to ensure timely settlement and resolution of any trade breaks.
• Working to prevent errors, breaches of client confidentiality or omissions.
• Ensuring all required Compliance requirements are met when performing job duties.
• Providing credit research on all tax-exempt holdings, including providing analysis on all new purchases.

Benefits

• Paid Time Off
• 401(k) matching program
• Annual incentive pay
• Paid holidays
• Comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
• Health savings accounts
• Flexible spending accounts
• Dependent care accounts
• Adoption assistance
• Employee assistance program
• Fitness reimbursement
• Tuition reimbursement
• Associate wellbeing program
• Associate emergency fund
• Various associate banking benefits

What This Job Offers

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