2-5 years in trading or portfolio operations, execution, or overlay management.
Hands-on experience with OMS/EMS, TAMP platforms, and trade workflows.
Knowledge of trade lifecycle, settlement mechanics, and cash management.
Advanced Excel skills, including pivot tables and formulas; SQL knowledge is a plus.
Bachelor's degree in Finance, Economics, Mathematics, Engineering, or related field; advanced degree preferred.
Strong communication skills with attention to detail and problem-solving abilities.
Responsibilities
Execute daily overlay workflows for accurate trade implementation and cash management.
Rebalance client portfolios according to investment policies and risk triggers.
Oversee transmission of rebalance-generated orders to custodians, ensuring timely execution.
Process client cash requests and manage daily settlement cycles to avoid overdrafts.
Perform daily account reconciliations and produce compliance-ready audit trails.
Liaise with advisors, portfolio managers, and vendors to resolve exceptions and support operations.
Benefits
Medical, dental, and vision insurance coverage from day one.
Paid parental leave (16 weeks for primary caregiver, 8 weeks for secondary caregiver).
Onsite mother's lounge for convenience.
Flexible PTO plan to support work-life balance.
Hybrid work schedule with a minimum of 4 days in the office.
Access to a brand-new gym in the Chicago office.
401k matching plan to support retirement savings.
Employer contributions to HSA for health expenses.
Student loan assistance to help manage educational debt.
Pet insurance for furry family members.
Full Job Description
Your Future Team
Hightower's Overlay Management team owns daily trade prioritization, execution, and monitoring to ensure client portfolios are optimized to their assigned investment policies on the Hightower One platform; they coordinate with portfolio managers and advisors, manage risk and exposures (including cash, and tax overlays), and deliver compliance-ready reporting and reconciliations. We are a collaborative, driven, and forward-thinking group passionate about delivering excellent service, supporting advisor growth, and helping clients achieve their financial goals.
What You Will Do
Execute daily overlay workflows across the trading and overlay team, ensuring accurate trade implementation, cash management, and reconciliation with strong attention to detail and operational discipline:
Overlay Management: Rebalance client portfolios to assigned investment policies; generating trades according to defined tracking error, risk, cash, and tax-loss triggers.
Trade Execution: Oversee the transmission of rebalance-generated block orders to custodians, mitigating market risk and tracking execution to guarantee accurate, timely trade allocations.
Cash Management: Process ad-hoc client cash requests and track daily settlement cycles to fund scheduled distributions safely without forcing overdrafts or unintended liquidations.
Reconciliation & Compliance: Perform daily account reconciliations, manage exceptions, and produce compliance-ready audit trails and tax summaries.
Cross-functional Support: Liaise with advisors, portfolio managers, compliance, custodians, and vendors to resolve exceptions and support portfolio and trading operations.
What You Will Bring
Experience:2-5 years in trading or portfolio operations, execution, or overlay/centralized portfolio management.
Systems & Tools: Hands-on experience with OMS/EMS, TAMP platforms, portfolio optimizers, and trade blotter workflows; run-group configuration and runbook maintenance.
Technical Skills: Advanced Excel (pivot tables, advanced formulas); SQL or equivalent query language a plus.
Education: Bachelor's in Finance, Economics, Mathematics, Engineering, or related; advanced degree a plus.
Communication: Exceptional attention to detail, disciplined problem solving under time pressure, clear written and verbal communication, and strong stakeholder management with the ability to influence business and technology teams.
What We Offer
Coverage on the first day of employment for medical, dental, and vision insurance
Paid parental leave (16 weeks for primary caregiver and 8 weeks for secondary caregiver)
Mother's lounge onsite
Flexible PTO plan
Hybrid work schedule (minimum of 4 days in office)
Free brand-new gym in the Chicago office
401k matching plan
HSA employer contributions
Student loan assistance
Pet insurance
Base salary of $85,000-$95,000 plus discretionary bonus (exact base salary amount will be dependent on experience)
