Trading and Operations Associate
Current Employees and Contractors Apply HereOsaic CareersAsset Management Opportunity in Financial Services Trading and Operations Associate Location(s): New York City: 640 5th Ave 4th Floor, New York, NY 10019Osaic has returned to the office on a hybrid schedule requiring a minimum of 4 days weekly in the office. Applicants located must be willing to work this schedule.Osaic is not considering remote candidates at this time.Role Type: Full timeSalary: $75,000 - $80,000 per year + annual performance-based bonusActual compensation offered will be determined individually, based on a number of job-related factors, including location, skills, experience, and education.Our competitive compensation is just one component of Osaic’s total compensation package. Additional benefits include health, vision, dental insurance, 401k, paid time away, volunteer days and much more. To view more details of what you can look forward to, visit our careers page: Osaic Benefits.Summary: Ladenburg Thalmann Asset Management (LTAM), a member of Osaic, is a registered investment advisor with over $7 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 TasksActively trade and rebalance the model portfolios comprised of ETFs and mutual fundsGenerate orders in accounts using various systemsMonitor concentration percentages of each fund for trading and risk managementMonitor cash flows in accounts and execute trades accordinglyAnswer advisors’ questions on all trading activity, market analysis and portfolio rebalancingVerify previous day’s tradesInvest new accounts and track dollar cost averaging schedule for partially invested accountsTrack and monitor accounts with systematic withdrawals, restricted positions, pending distributions and any other exceptionsReceive 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 committeeCreate dispersion report for accounts with restrictionsProvide updated model allocations to appropriate platforms and verify changes have been madeAll other duties as assignedOperational TasksAccount servicing tasks such as processing withdrawals, beneficiary updates, address changes, etc.Establishing accounts on Black Diamond and various custodial platformsMonitoring cash flows in accounts and trade and bill accordinglyPreparing assets under management, projected revenue and profitability reports for executivesEducation Requirements: Bachelor's degree is required.Basic Requirements: 2-5 years’ experience in a similar professional capacityExcellent verbal and written communication skillsDedicated work ethic and strong organiza...