Industry: | |
Location: | New York, NY |
Salary: | $80,000-$90,000 (DOE) |
Visa Sponsor: | No |
Language: | English: Business Level |
Japanese International Asset management company seeks an Associate, Equity Assistant Trader & Administrator.
Job Title: Equity Assistant Trader & Administrator
Department: Equity
Reports To: Sr. Analyst & Trader (to Head of Equity)
Overtime Eligible (Y/N): N (Exempt)
Location: Manhattan, New York (Hybrid)
Employment Type: Local Full-Time
Saraly:$80,000-$90,000 (DOE)
*The expected annual base salary for this position ranges from $80,000-$90,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus based on qualitative and quantitative factors.
Position Summary:
Manage trade execution, performance measurement, database management and portfolio attribution analysis for Equity team. Collaborate and liaise with Operations Analyst, Back-Office, Compliance, and other relevant parties for business planning, automation projects and client communications. Provide administrative support to the Equity team to ensure accurate trading activity, analysis and reporting.
Essential Duties/Functions:
Business Process Automation, & Data, System Optimization:
1. Workflow Optimization & Implementation
●Manage the processing and settlement of trades according to guidelines and standards. Assess, interpret, and report on market practices and developments as they pertain to trading. Recommend and advise on any changes or improvements necessary.
●Responsible for performance measurement & allocation. Monitor and track portfolio cash positions. Maintain up-to-date performance and ratings data.
●Execute trades within guidelines with focus on quality of trade execution in compliance with legal and regulatory requirements. Complete all trades in a timely manner – in collaboration with broker/dealers and Back-Office. Ensure compliance with Tokyo’s zero-tolerance policy for trade errors.
●Communicate and collaborate with the operations analyst, other front, middle and back-office teams to ensure accuracy and completeness of trades, reporting, adherence to compliance requirements etc.
●Fulfill daily, weekly and monthly reporting requirements.
●Collaborate with operations analyst and IT to develop and implement automation projects.
●Miscellaneous duties as assigned.
Experience/Qualifications:
●Bachelor’s degree in Finance, Economics, a related field or equivalent work experience.
●At least 3-4 years of experience in financial services, including at least 1-2 years within a trading environment.
●Prior experience in equities, market analysis, equity trading, fund management or portfolio administration. A solid understanding of equity and financial markets is required. Prior experience in the oversight of databases is desirable. Long-term interest in operations, trading or analysis is welcome.
●Strong command of MS Office software and advanced Excel; proficiency with Bloomberg and related automated research tools required. Familiarity with AIM a plus; VBA skills are desirable, along with experience with SQL, BQant, etc.
●Ability to effectively prioritize work in a real-time environment with strong risk management and compliance awareness.
●Strong interpersonal skills to develop and maintain relationships with business units and other operational groups; a flexible team player able to adapt to change and prioritize multiple tasks; happy to step in to support team where/when required.
●Extremely detail-oriented, analytical, highly organized team player with strong communication skills and able to quickly identify and resolve discrepancies. Ability to work independently as needed.
●Individual must possess sound problem solving and assessment capabilities.
In addition to a competitive base salary and discretionary bonus eligibility, we offer a generous benefits package which consists of the following:
Medical, Dental, and Vision Insurance – Premiums for employees are covered at 100% and premiums for dependents are covered at 70% by the company
401k match and Money Purchase Plan (fully company-funded)
Life Insurance and Disability Insurance
Pre-tax Commuter Benefits
Up to 6 weeks of Paid Parental Leave
Tuition Reimbursement
Current Hybrid Work Arrangements
Paid Holidays in addition to vacation days, floating days and paid sick time
*Prior to an extension of an offer of employment, candidates will be subject to pre-hire background screening that consists of verification of their employment history, educational background, and professional references. Provided all aspects of the pre-employment screening is satisfactorily completed, any subsequent offer of employment will be contingent upon successful completion of a criminal background check in accordance with the terms and conditions of our recruitment agreement.