Trading Specialist Envestnet Asset Management
THIS JOB HAS EXPIRED Description
Manage daily P&S and settlement for the broker dealer. This includes balancing the daily trades, monitoring trade comparison and settlement of trades executed by the broker dealer. Dealing with settlement issues as they arise and working with counterparties to resolve issues. Become familiar with systems related to the settlement process which include NASDAQ ACT, Obligation Warehouse, DTCC Settlement Web and PBS systems, as well as our in-house back office platform (Broadridge BPS). Maintain trading and settlement data for the broker dealer.
Work with the other trade desk team members to execute equity and fixed income orders as they are generated via APL as well as those originating from our internal trading platform. This includes, but is not limited to, block trade requests originating from APL SMA managers, liquidation requests, raise cash requests and other one-off trade requests. Processing fixed income trade orders generated by SMA managers as well as those originating from our internal platform by utilizing the trading desks at the various custodians on our platform. Assist in post-trade allocation of all trades executed off platform as needed.
Become proficient with the various systems we use for trade execution and securities analysis.
Build and maintain relationships with the various custodians, trading desks and brokers that we leverage for trade execution across our platforms. Monitor emails and respond promptly to issues and questions related to trading from our various partners and departments across the firm.
Assist asset managers with equity and fixed income trade execution as well as help facilitate the processing of trades executed away from custodians (step ins/outs).
Ability to work closely with other traders on the desk in an often fast paced environment where a high degree of accuracy is required. Develop a comfort level with time constraints and sometimes complex trading instructions, as well as being responsible for very high dollar value trades.
Skills and Licenses:
Proficient in Microsoft Excel, and Word.
Series 7, 55, 63 useful but not required upon hiring but will be required to be attained within 12 months of joining the trading team.
Familiar with FISERV APL.
Familiar with Bloomberg.
Familiar with DTCC/NSCC settlements.
EQUAL EMPLOYMENT OPPORTUNITY
Envestnet Asset Management is committed to providing equal employment opportunities and ensuring that all employment-related decisions are made without regard to race, color, sex, age, national origin, religion, physical or mental disability (unrelated to the ability to perform job duties) veteran status, or any other protected status under applicable law.
||35 East Wacker Drive |
Chicago, IL 60601
THIS JOB HAS EXPIRED