So there are obviously lots of fine details that would dictate the success of this move, but take it at face value if possible. Would it make sense at all for someone with one year in operations at a large fund (> $20 billion AUM) to take a role as a trading assistant at a smaller fund (~ $3.5 billion AUM)? Keep in mind here that this individual is only one year out of undergrad. Ultimately, the goal is to make it to an analyst position in the FO, so the question is whether or not this is a step in the right direction.
Also, it's tough to know what the 'trading assistant' role entails. That's a huge question, and it seems like it will be assisting someone who is handling equity execution. Not overly exciting, but then neither is operations. But is it even a good idea to consider leaving after only one year?
Where does operations lead to in your firm? Have you asked what someone in your position does in a year or two?
Trade admin on the buyside is basically operations but if you want to become a buyside trader its a step in the right direction. Unless you are trading exotic instruments like CDS or structured products where the market is very opaque Trading on the buyside is mostly execution and does not usually track to an analyst(reseach) role.
Trading assistants work with sell-side sales contacts(there assistants) on making sure trade confirms match and orders go through. At some smaller firms they also do some settlement work.
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