Trader

Vestmark, Inc.

13d•$75,000 - $90,000•Remote

About The Position

Vestmark Advisory Solutions (VAS) is expanding its advisory and asset management services and is hiring an experienced professional in retail SMA order generation and trade execution. The VAS Trader implements trades to proprietary and third-party manager models and supports SMA, MSP, and Model Only/UMA sponsors and managers, including maintenance of the underlying accounts. The role also manages trade orders and pre- and post-trade servicing, ensuring trades are submitted and executed.

Requirements

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.
Highly organized, with strong attention to detail, self-motivation, good work ethics, and the ability to work effectively in a team environment.

Nice To Haves

Working knowledge of Vestmark, CG Trade Connect, InvestCloud (formerly Fiserv APL), Fiserv MMS, or Envestnet Manager Portal (EMP).
Knowledge of tax overlay and direct indexing.

Responsibilities

Proactively identify opportunities to improve trading processes and efficiency.
Process client model change requests by generating the across-the-board (ATB) block trade orders needed to implement model changes within the client sponsor, while performing related controls to mitigate risk.
Process maintenance requests, including new accounts, cash flows, terminations, and tax harvests, by rebalancing accounts as instructed and routing resulting trade orders for execution within the client sponsor, while performing related controls to mitigate risk.
Communicate client model changes to Model Only/UMA sponsors in accordance with the ATB trade order rotation and client SLAs, while performing related controls to mitigate risk.
Perform Trading Services for clients to assist connectivity between Vestmark and sponsors.
Manage trade operations, including trade order management, execution review, and reconciliation for trades generated by the portfolio management team across Vestmark and its enterprise clients’ platforms.