Raymond James Financial, Inc

Asset Management Senior Trading Associate - UMA Trading

Raymond James Financial, Inc$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; higher education preferred.
  • 3 years of experience in trading or asset management.
  • Knowledge of equities, ADRs, ETFs, and mutual funds.
  • Intermediate Excel skills with experience in analytical tasks.
  • Securities Industry Essentials Exam (SIE) certification preferred.

Responsibilities

  • Overlay accounts to execute trades based on model guidelines.
  • Create and manage large block trade allocations with efficient execution methods.
  • Analyze account data to identify and resolve model discrepancies.
  • Communicate trade execution details with outside fund managers.
  • Perform tax loss harvesting for strategic account management.
  • Research and correct complex account errors in a timely manner.
  • Update trading models based on external money manager input.

Benefits

  • Hybrid work model, requiring 3 days in-office.
  • Medical, dental, and vision insurance offered.
  • Life and critical illness insurance benefits included.
  • Retirement savings plan available with employer contributions.
  • Paid time off for vacation, holidays, and sick leave.
Full Job Description
Job Description Summary

Job Description

This position will follow our hybrid work model; we expect the selected candidate to work 3 days a week at our Saint Petersburg, FL, corporate office.

As part of the AMS Trading team, the Asset Management Senior Trading Associate utilizes knowledge and skills acquired through work experience to review and implement model portfolio overlays across multiple managed account platforms, utilizing various exchange-traded products. Under general supervision, uses established procedures and guidelines to perform a variety of trading and analytical tasks requiring evaluation and complex decision-making to execute trades and resolve account issues.

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, 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:

Knowledge of
  • 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.


Skill in
  • Advanced analytical skills; analyze data to draw logical conclusions and interpret results for use in decision-making.
  • Personal resilience while providing a high-level customer service in a fast-paced environment.
  • Problem-solving sufficient to effectively analyze, research and resolve inquiries and issues in a timely manner.
  • Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.


Ability to
  • Organize, prioritize, and manage multiple activities/tasks simultaneously and complete work efficiently.
  • Communicate effectively and professionally, both orally and in writing.
  • Ability to work independently as well as collaboratively within a team environment.
  • Attend to detail while maintaining a big picture orientation.
  • Identify the needs of customers through effective questioning and listening techniques.


Licenses/Certifications
  • None is required


Travel Required
  • No


Education
Bachelor's, High School (HS) (Required)

Work Experience
General Experience - 13 months to 3 years

Certifications
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA), Tax Credit Specialist (TCS) - National Center for Housing Management (NCHM)

Travel
Less than 25%

Workstyle
Hybrid

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. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

About Raymond James Financial, Inc

The Raymond James Technology and Communications Investment Banking Group is a committed and thoughtful partner that provides a full range of investment banking services and best practices. The group is comprised of experienced professionals that have extensive investment banking expertise. They leverage the industry expertise of Raymond James' award-winning research department. The group focuses on key sectors within technology and communications including: communications software, communication towers, defense electronics, enterprise software, internet infrastructure services, homeland security, IT services, mobile technology, semiconductors, software-as-a-service, telecommunications equipment, telecommunications infrastructure and support services, and wireless & wireline telecommunications services. They take pride in a client-centric approach to M&A, with focus on delivering independent solutions that creates value for the long term. The outcome of this unique approach may be seen in the successful transactions of their clients, including over 80 public offerings totaling $17 billion and over 85 strategic advisory transactions totaling over $5 billion in value since 1998.

Raymond James Financial, Inc Careers

Join the vibrant team at Raymond James Financial, Inc, a leading financial services company where innovation, leadership, and professional growth are at the forefront of our operations. As a hub of diversity and expertise, Raymond James offers unparalleled job opportunities that propel your career to new heights. Work You’ll Do At Raymond James Financial, Inc, you’ll collaborate with some of the most talented professionals in the financial industry. Our team is dedicated to providing strategic financial solutions and advice to our clients, helping them achieve their financial goals while fostering economic growth. With a culture rooted in leadership and diversity training, Raymond James is the perfect place to enhance your skills and thrive professionally. Join our market-leading team to assist a diverse range of clients, from individuals to large corporations, in navigating their financial planning with precision and innovative strategies. Lead in a role where your expertise directly influences the success and stability of our clients' financial futures. Work with a dynamic team of advisors and experts who are committed to pushing the boundaries of the financial sector through continuous innovation and exceptional client service. Raymond James Financial, Inc Job Opportunities Introducing the Raymond James Career Development Program We are committed to nurturing talent through our comprehensive career development program designed to provide every employee—from interns to senior leaders—with the tools and training necessary for success. Whether you’re just starting out with an internship or you’re a seasoned professional, Raymond James offers career paths that align with your ambitions and skills. Do Innovative Work Join a company where innovation is part of the daily routine. At Raymond James Financial, Inc, you’ll engage with cutting-edge financial tools and resources that keep you ahead in the industry. Our commitment to technology and innovation ensures that we stay at the forefront of financial services. Be Part of a Great Team Experience a collaborative environment where teamwork and networking are encouraged. Our inclusive culture supports diversity and offers benefits that ensure the well-being of all team members. At Raymond James, you’re not just an employee; you’re part of a family that values your unique contributions and supports your professional journey. Future-Proof Your Career Advance your career with Raymond James, where opportunities for growth are abundant. Benefit from our industry-leading training programs and gain certifications that will elevate your professional standing. With a focus on career longevity and satisfaction, Raymond James ensures that your professional journey is as rewarding as it is successful. Explore Discover the various positions available at Raymond James Financial, Inc that match your skills and interests. We are continuously hiring across multiple disciplines, eager to welcome passionate, curious, and solution-driven team players. Stay Connected Join Our Team Search open positions at Raymond James Financial, Inc and find the perfect match for your career aspirations. Explore a range of opportunities from financial advising to corporate roles that align with your professional skills and goals. Keep Up to Date Stay informed with the latest career tips, insider perspectives, and industry-leading insights—all from the professionals who thrive at Raymond James. Job Alert Emails Customize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Raymond James Financial, Inc. Join Raymond James Financial, Inc today and be part of a company that values innovation, leadership, and professional growth. Your future in the financial industry starts here.
Learn more about Raymond James Financial, Inc
Size
15,000 employees
Market Cap
$22.6 billion
Industry
Net Income
$862 million
5 Year Trend
+11.6%
Revenue
$8.3 billion
NASDAQ

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