Asset Management Trading and Operations Associate

Asset Management Trading and Operations Associate

Location: 640 Fifth Avenue, New York, NY 1001 & Remote

Summary:

Ladenburg Thalmann Asset Management (LTAM), a member of Advisor Group, is a registered investment advisor with over $3.5 billion assets under management.  We are seeking a dedicated self-starter to add to the Asset Management team as a Trading and Operations Associate. Candidates must be extremely detail oriented with exceptional communication skills.

Responsibilities:

  • Trading Tasks
    • Actively trade and rebalance the model portfolios comprised of ETFs and mutual funds
    • Generate orders in accounts using various systems
    • Monitor concentration percentages of each fund for trading and risk management
    • Monitor cash flows in accounts and execute trades accordingly
    • Answer advisors’ questions on all trading activity, market analysis and portfolio rebalancing
    • Verify previous day’s trades
    • Invest new accounts and track dollar cost averaging schedule for partially invested accounts
    • Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions and any other exceptions
    • Receive and process all account servicing forms for certain platforms (withdrawals, beneficiary updates, address changes)
    • Review the firm’s five strategic asset allocation for adjustments to the portfolios along with the investment policy committee
    • Create dispersion report for accounts with restrictions
    • Provide updated model allocations to appropriate platforms and verify changes have been made
    • All other duties as assigned

  • Operational Tasks
    • Account servicing tasks such as processing withdrawals, beneficiary updates, address changes, etc.
    • Establishing accounts on Black Diamond and various custodial platforms
    • Monitoring cash flows in accounts and trade and bill accordingly
    • Preparing assets under management, projected revenue and profitability reports for executives

Education Requirements:

  • Bachelor’s degree is required

Basic Requirements:

  • 2-5 years’ experience in a similar professional capacity
  • Excellent verbal and written communication skills
  • Dedicated work ethic and strong organizational skills
  • Willingness to work extended hours in order to meet project deadlines
  • Ability to work independently with little or no direction
  • Must possess excellent computer skills and be proficient using Microsoft applications including Excel, Word, PowerPoint and Outlook.

Preferred Requirements:

  • FINRA Series 7 preferred
  • Accounting experience
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Equal Opportunity Employer

Advisor Group is an equal opportunity employer. We celebrate diversity in our workplace and we hire the most qualified candidates without regard for age, ethnicity, gender, gender identity or expression, language differences, nationality or national origin, family or marital status, physical, mental, and developmental abilities (or the perception of a disability), genetic information, race, religion or belief, sexual orientation, skin color, social or economic class, education, work and behavioral styles, political affiliation, military service, caste, or any other characteristic protected by law.

Eligibility

Applicants for employment in the US must have valid work authorization that does not now and/or will not in the future require sponsorship of a visa for employment authorization in the US by Advisor Group.

Unqualified Applications

Advisor Group does not consider applications from candidates who do not meet the minimum qualifications stated in the job posting.

Recruiting Agencies

Advisor Group only accepts candidates from contracted recruiting firms and only for searches approved prior to submissions. Fees will not be paid for unsolicited submissions.