Position Summary
The Associate Portfolio Manager, Trading works with Wealth Advisors, Associates, and the Investment Team to monitor and invest client accounts. This position executes stock, mutual fund and fixed income trades to invest cash, raise cash, and rebalance accounts according to established guidelines. This position also monitors accounts, performs periodic compliance reviews and recommends or takes corrective actions when appropriate.
Duties & Responsibilities
Level I - operates as an entry level hire, in direct supervision of manager, to complete monitor portfolios and complete trade/rebalance tasksExecute stock and mutual fund trades as requested by advisors.Rebalance client accounts to predefined target allocations.Monitor accounts to insure that they are invested according to established guidelines and account specific policies and restrictions.Maintain and update client specific restrictions and investment guidelines in trading systems.Generate trade proposals and recommendations as requested by advisors.Perform periodic reviews of accounts for compliance purposes.
Level II - manages more complex portfolios that have multiple accounts, non-standard holdings or tax issues. Requires a fairly deep understanding of underlying investments to make custom recommendations.Work directly with advisors to generate and execute customized proposals for client's unique situations incorporating legacy holdings, tax minimization and asset location across multiple accounts.Monitor and review trades generated across all client accounts. Compile trades and execute in appropriate market venue seeking best execution.Manage trading of large orders, illiquid assets or other uncommon securitiesImplement model changes across multiple client accountsAssist in the generation of performance reporting, market commentary, and presentation materials.Act as interface between trading functions and other core WM teams to problem solve and plan as neededComplete investment analysis, under supervision of Investment PM, such as equity, fixed income or mutual fund research
Education & Experience
Knowledge of: Strong oral and written communication skills
Strong attention to detail
Ability to: Provide a high level of customer service
Work independently and perform duties under frequent time pressures
Adhere to established policies and procedures including maintaining confidentiality of customer account information
Minimize trade errors and account level non-compliance
Maintain timeliness of response to trade requests
Education and Training: Requires Bachelor's degree.
Requires proficiency in Microsoft Office, experience with Microsoft Excel including use of Pivot Tables, Macros, and VBA.
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.