The Junior Trader has general knowledge of equity trading strategies. This individual has a basic understanding of the managed accounts business, including wrap programs, wrap trading and general sponsor information. The primary responsibilities include trading new accounts, contributions and withdrawals, liquidations, restriction monitoring and tax selling. This person is also responsible for account-level maintenance such as modeling, trade allocation and general portfolio administration. General portfolio administration includes creating exception reports, monitoring account drift, holding deviation and tracking restriction alerts. In addition, this person works closely with the Reconciliation, Settlements and Client Service teams to resolve account-related issues. This is a hybrid positions and could be located in our San Francisco, CA or Boston, MA offices.
What you will do:
Process client withdrawals and deposits for all strategies.
Trade new accounts, style changes and other various account-level activity against appropriate models.
Process terminations.
Process tax harvesting requests.
Model change trading as needed.
Communicate with sponsor trading desks and provide internal trade support.
Communicate trading restrictions as needed.
Recommend and support implementation and documentation of process changes in the trading area to increase process efficiency and minimize general risk & trading errors.
Maintain trading records including those documenting general trade activity trading rotations, model changes, process exceptions, trade discrepancy resolution, etc.
Work with trading/order desks to facilitate transactional and related status activity.
Identify ways to streamline and improve trading and audit processes.
Maintain, audit, and reconcile models on a regular basis.
Run, generate, and maintain all trade related reporting functions.
Proactively work to collaboratively support departmental and enterprise-wide project/work efforts.
Contribute to general risk management, improvement in execution, knowledge development and cross-training efforts.
Proactively contribute to the support of procedural refinement and related documentation, and general policy development.
Support and help reinforce team-based culture with focus around policy and procedural adherence.
What you will bring:
BA/BS degree required
General market knowledge and related operational practices (1-3 years of demonstrated progressive experience at minimum).
Attention to detail/high level of accuracy is critical in this position and is a MUST
Risk awareness and strict attention to procedural adherence a MUST.
Phenomenal teammate
Ability to handle deadlines, stress and time critical situations
Technically proficient
Self-starter with an eagerness to learn
Ability to effectively multi-task
Understanding of applicable regulatory issues and general regulatory landscape
Familiarity with sponsor trading desks & trade execution services preferred
Familiarity with portfolio modeling strategies preferred
Vestmark and/or APL experience highly desirable
Who we are:
We put the best interests of our clients, employees, communities, and environment first in everything we do. We’re dedicated to fostering a culture of collaboration, diversity, and inclusion that supports employee growth. We believe this creates equal opportunities for our employees — and better outcomes for our clients and communities. We offer a robust benefits package designed to integrate life and work and to support our employees. Benefits include, but are not limited to; comprehensive medical, dental and vision insurance, paid time off, 401k plan, tuition reimbursement, student loan repayment program, wellness benefits and volunteer programs*
Additional insight on working at Natixis, please visit: https://www.im.natixis.com/us/working-at-natixis
#NatixisIMCulture
In accordance with the California salary transparency law, the expected annual salary for this San Francisco, CA, United States-based position is $55,000 - $95,000. Actual annual base salaries may vary based on factors including but not limited to education, training, experience, and other job-related factors. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses and other Natixis sponsored benefit programs.
Natixis Investment Managers is an equal opportunity employer and does not discriminate in recruiting, hiring, training, promotion or other terms, conditions and privileges of employment on the basis of race, color, age, national origin, ancestry, religion, sex (including pregnancy), sexual orientation, gender identity, genetic information, military or veteran status, physical or mental disability, or any other status protected by law.
Natixis Investment Managers does not charge fees to participate in the interview process or for employment equipment and does not send employment offers through social media channels. We take security and privacy seriously. If you have been contacted by someone claiming to represent Natixis Investment Managers and are unsure about the legitimacy of the communication, please verify the contact details with Natixis Investment Managers directly.
*Benefits eligibility is for permanent employees of Natixis Investment Managers. Interns, contractors and temporary workers are not eligible for benefits
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