Asset Management Senior Trading Associate - UMA Trading
Raymond James, Memphis, TN, United States
This position will follow our hybrid work model; the selected candidate will work 3 days a week at our Memphis, TN, corporate office. As part of the AMS Trading team, the Asset Management Senior Trading Associate reviews and implements model portfolio overlays across multiple managed account platforms using a variety of exchange‑traded products. Under general supervision, the associate uses established procedures and guidelines to perform trading and analytical tasks, executing trades and resolving account issues with complex decision‑making.
Essential Duties And Responsibilities
Overlay accounts to pre‑defined single and multi‑sleeve trading models and execute trades based on product guidelines.
Create and execute large block trade allocations, determining method of execution, including limits, use of local markets for ADR conversions, and authorized participants for ETF creation and redemption units.
Analyze individual account data to identify outliers of current model positions and resolve discrepancies.
Communicate with outside managers regarding trade execution and model discrepancies.
Perform tax loss harvesting.
Research and resolve complex account errors, providing necessary trade corrections.
Update trading models based on data provided by outside money managers.
Perform other duties and responsibilities as assigned.
Knowledge, Skills, And Abilities
Market trading practices of products, including equities, ADRs, ETFs, UCITS, and mutual funds.
General knowledge of managed account practices.
Principles of banking and finance and securities industry trading and operations.
Financial markets and investment products and services.
Mathematical ability sufficient to calculate transactions accurately and efficiently.
Intermediate Excel experience.
Advanced analytical skills; analyze data to draw logical conclusions and interpret results for decision‑making.
Personal resilience while providing high‑level customer service in a fast‑paced environment.
Problem‑solving to effectively analyze, research, and resolve inquiries and issues in a timely manner.
Ability to organize, prioritize, and manage multiple activities/tasks simultaneously.
Effective communication, both oral and written.
Ability to work independently as well as collaboratively within a team environment.
Attention to detail while maintaining a big‑picture orientation.
Licenses And Certifications
None required
Securities Industry Essentials Exam (FINRA)
Tax Credit Specialist (National Center for Housing Management)
Education And Work Experience Education: Bachelor’s (required), High School (HS) acceptable.
Work Experience: General experience of 13 months to 3 years.
Travel No travel required; less than 25% travel.
Benefits The total compensation for this position includes base salary or wages and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. The role is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance; accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.
Raymond James is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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Essential Duties And Responsibilities
Overlay accounts to pre‑defined single and multi‑sleeve trading models and execute trades based on product guidelines.
Create and execute large block trade allocations, determining method of execution, including limits, use of local markets for ADR conversions, and authorized participants for ETF creation and redemption units.
Analyze individual account data to identify outliers of current model positions and resolve discrepancies.
Communicate with outside managers regarding trade execution and model discrepancies.
Perform tax loss harvesting.
Research and resolve complex account errors, providing necessary trade corrections.
Update trading models based on data provided by outside money managers.
Perform other duties and responsibilities as assigned.
Knowledge, Skills, And Abilities
Market trading practices of products, including equities, ADRs, ETFs, UCITS, and mutual funds.
General knowledge of managed account practices.
Principles of banking and finance and securities industry trading and operations.
Financial markets and investment products and services.
Mathematical ability sufficient to calculate transactions accurately and efficiently.
Intermediate Excel experience.
Advanced analytical skills; analyze data to draw logical conclusions and interpret results for decision‑making.
Personal resilience while providing high‑level customer service in a fast‑paced environment.
Problem‑solving to effectively analyze, research, and resolve inquiries and issues in a timely manner.
Ability to organize, prioritize, and manage multiple activities/tasks simultaneously.
Effective communication, both oral and written.
Ability to work independently as well as collaboratively within a team environment.
Attention to detail while maintaining a big‑picture orientation.
Licenses And Certifications
None required
Securities Industry Essentials Exam (FINRA)
Tax Credit Specialist (National Center for Housing Management)
Education And Work Experience Education: Bachelor’s (required), High School (HS) acceptable.
Work Experience: General experience of 13 months to 3 years.
Travel No travel required; less than 25% travel.
Benefits The total compensation for this position includes base salary or wages and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. The role is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance; accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.
Raymond James is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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