wealth managment - trade support
Hi all,
I am considering a position in Wealth Managment Operations / trade support. Can someone advise on what this position is like? What are your opinions on this? What are the exit ops for someone who is looking to pursue this role. What is the typical day like for this role?What is the avg salary range?
below is a description of the role:
Key Responsibilities:
- Responsible for training on a trade support product desk and assuming responsibility for a variety of processes within the department.
- Complete the daily functions of a Trade Support analyst on the TFI product desk:
- Evaluate risk management procedures with a focus on continuous improvement
- Procedure documentation
Perform mandatory daily functions of:
- P/L calculation
- Position reconciliation
- Trade corrections
- Customer service
- Fail control
- Risk management
- Trade comparison
- Trader/Sales support
- Cross train on a variety of other products
- Develop operational knowledge of all Fixed Income products
The candidate must be:
- Adaptive and flexible
- Professional and detail oriented
- High level customer service and communication skills, both verbal and written
The position will typically require greater than 40 hours per week, heavy phone contact, interaction with all levels of management, communication with Operations groups
please advise. thanks
What type of firm is this at? Large bank, asset manager, boutique?
Whether large firm or not, trade support for wealth management is going to be small retail trades, if you learn the process well enough I would try to move into trade support on an institutional desk, where you could get experience with more asset classes and get access to real traders. Then of course switching into a trading role is the ultimate goal. This job probably pays 40k, very operational, but could be a way to get your foot in the door.
Very ops oriented. Not too exciting. I don;t know if you could transition to an institutional desk.
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