Our client, a Wealth Management firm, is hiring an Investment Services Associate. The Investment Services Associate is a key member of the Portfolio Management and Investments Operations teams, supporting areas including trade processes, data management, client reporting, portfolio management functions, and oversight of Investment Policy violations. This position requires strong analytical skills, attention to detail, a positive professional attitude, and the ability to work in a team environment.
Core Responsibilities
- Re-balancing client portfolios using ENV2 - Envestnet's trading platform
- Reviewing trade settlements and daily reconciliation of ENV2 Trades
- Trading incoming accounts based on buy, sell, hold (BSH) analysis
- Executing ad-hoc trades based on client needs
- Conducting tax loss harvesting, brokerage, and 529 trades
- Maintaining model portfolios and account cash balances
- Updating Statements of Investment Selection (SIS's), share class upgrades, and fund swaps
- Tracking automated clearing house (ACH's) and systematic reinvestments (SRS)
- Keeping appropriate notes of trade activity and handling other assigned administrative duties
- Interfacing with research departments, investment operations, and financial advisors
- Assisting the research department and investment operations when the market is closed
- Executing strategic asset allocation and/or investment changes
- Staying up to date on accounting and financial client restrictions
- Providing administrative coordination with trading, operations, and client service
- Overseeing Investment Policy Violations and keeping portfolios within allowable variance
- Processing trade corrections for both brokerage and advisory, if necessary
Teamwork & Collaboration:
- Understanding and contributing positively to team dynamics and culture
- Collaborating and communicating effectively with team members to enhance productivity
- Being open to feedback and actively participating in training and development opportunities
- Supporting and helping execute firm initiatives to the best of your abilities
Qualifications
- Bachelor's degree or equivalent experience.
- Strong interpersonal skills and a self-motivated attitude.
- 1-3 years working experience
- Series 7 (or obtained within 60 days)
- Proficient in Microsoft Suite Programs (Excel, Word, Outlook, PowerPoint)
Preferred
• Progress towards a financial services designation such as CFA, CAIA, CIMA, or CFP
$60000-75000
Midtown
