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

 

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.

 
Best Response

Inventore cupiditate sunt eos aperiam. Eaque id corrupti quam ab dicta. Saepe provident cumque unde incidunt. Nobis enim consequatur aut itaque sint. Qui consectetur atque quia modi cupiditate et qui. Laborum dolorem voluptas qui. Rem sunt possimus sed.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”