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Description

This position will follow our hybrid work model; we expect the selected candidate to work 2-3 days a week at one of our corporate offices in Memphis, TN, or Saint Petersburg, FL.

Job Summary

You will be a member of the AMS Trading team. As the Overlay Portfolio Reviewer, you will use the knowledge and skills gained through work experience to review and apply tax-optimized model portfolio overlays on multiple managed account platforms using exchange-traded products. You will also encompass daily management of multi-sleeve accounts with more than one trade discretion type. You will be working under general supervision; the role involves using established procedures and guidelines to execute various trading and analytical tasks that require evaluation and complex decision-making. This includes executing trades and resolving account issues.

Essential Duties and Responsibilities

• Overlay accounts to pre-defined single and multi-sleeve trading models and execute trades based on product guidelines.

• Oversee the day-to-day management of multi-sleeve accounts with trading discretion held away from Raymond James on some sleeves.

• Execute blocks of mixed asset types under tight time constraints while managing cash balances.

• Extensive communication with outside money managers regarding trade execution, daily cash flows, and other account reviews.

• 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.

• Manage data files with tax overlay vendors, including data validation, account coding, and transmission issues.

• Analyze individual account data to identify outliers of current model positions and resolve discrepancies.

• Perform high-level reviews of accounts to ensure investment objectives are being met.

• 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.

Qualifications

Knowledge of:

• General knowledge of managed account practices.

• Principles of banking and finance and securities industry trading and operations.

• Market trading practices of products, including equities, ADRs, ETFs, UCITs, and Mutual Funds.

• Financial markets and investment products and services.

• Mathematical ability sufficient to calculate transactions accurately and efficiently.

• Intermediate Excel experience.

Skill in:

• Advanced analytical skills: analyze data to draw logical conclusions and interpret results for use in decision-making.

• Personal resilience while providing high-level customer service in a fast-paced environment.

• Problem-solving that is 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.

Educational/Previous Experience Requirements:

• Bachelor’s Degree in a related field and a minimum of two (2) to four (4) years’ experience in managed accounts within the financial services industry/managed accounts.

or

• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications:

• None required.

Travel Required:

• None required.

Job: Trading

Primary Location: US-FL-St. Petersburg-Saint Petersburg

Other Locations: US-TN-Memphis-Memphis

Organization Asset Management Services

Schedule Full-time

Job Shift Day Job

Travel No

Req ID: 2402338