SMA/UMA Trader

Vestmark Advisory Solutions (VAS) is expanding its advisory and asset management services and has an opening for an experienced individual in the retail SMA order generation and trade execution arena. The VAS Trader is primarily responsible for implementing trades to Manager Models.  The models are proprietary and 3rd party.  This position supports SMA, MSP, and Model Only/UMA sponsors and managers and maintaining the underlying accounts.  In addition, this role handles trade order management, pre- and post-trade servicing, and ensuring trades are submitted and executed.

Responsibilities:

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

Required Qualifications:

• Bachelor’s degree in a related field
• 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
• Must be highly organized with strong attention to detail, self-motivated, good work ethics, and work effectively in a team environment.

Preferred Qualifications:

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

Vestmark is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Vestmark prohibits employment discrimination on the basis of race, color, religion, gender identity, sex, sexual orientation, pregnancy, national origin, age, disability status, protected military or veteran status, and genetic information.  #LI-TG1 #LI-Hybrid