SMA/UMA Trader

Job Description

Vestmark Advisory Solutions is seeking an experienced SMA/UMA Trader to expand its advisory and asset management services. The VAS Trader will be responsible for implementing trades to Manager Models, both proprietary and 3rd party, supporting SMA, MSP, and Model Only/UMA sponsors and managers, and maintaining the underlying accounts. This role involves trade order management, pre- and post-trade servicing, and ensuring trades are submitted and executed.

• 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.

Requirements:

• 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.

The role offers:

• Opportunity to work remotely within the United States.
• Be part of Vestmark Advisory Solutions