Assistant Portfolio Manager / Trader

General Summary: 

The position of Assistant Portfolio Manager/Trader has been specifically developed to execute all firm trading activity and provide both administrative, reporting and procedural support to the firm with a focus on portfolio management, investment research assistance, reporting, and the management and development of the trade execution process. 

Essential Duties and Job Responsibilities:

1. Execution and settlement of all firm trading activity. 
2. Maintenance of portfolio reporting – Creation and maintenance of weekly, monthly, quarterly and annual reports that track a multitude of trading, portfolio maintenance, audit, performance and evaluation data sets. 
3. Third Party reporting – daily interface with recordkeeping vendors to ensure that all trading and associated accounts are updated.
4. Best Execution – responsible for selling of Fixed Income securities and processing of all one off trades, such as limit orders, same day settlements and next day settlements
5. Trade log/Trading system maintenance – Maintenance of account trade worksheets, daily update of the trade log, write of error reports, upkeep of Cusips and security naming conventions in third party tools.
6. Client communication – responsible for all off list security, investment policy statement and Schedule A correspondence and tracking
7. Ongoing construction of procedural components regarding existing or proposed reporting.
8. Assisting Portfolio Management team in research and presenting investment ideas. 
9. Enhancement and management of the firm’s trade execution process through database management and development of additional processes to enhance the trading process. 

OTHER RESPONSIBILITIES

1. Other responsibilities as assigned by management.
2. Assist with various portfolio management/trading support functions. 
3. Provide support to HVIA’s Office of the Chief Investment Officer when needed. 
4. Participate in special firm-wide projects and audits.

EDUCATION, CERTIFICATION, EXPERIENCE:

Education:

Required: Bachelors Degree

Preferred:

Experience: 

Required:

Preferred: 3-5 years financial industry experience

KNOWLEDGE, SKILLS, ABILITIES:

1. Need to be able to work closely with people and have excellent communication skills, both oral and written.
2. Confidentiality- The position has access to all client information and securities holdings.
3. Needs to be able to prioritize work flow and be able to communicate ideas clearly.  Must be able to multi-task and work under pressure. One bad decision can have long term effects on firm reputation and client satisfaction.

WORK ENVIRONMENT:

1. Working Conditions - Job requires both office and travel to meet with clients.
2. Equipment Operations – This position requires proficiency in Microsoft Office Suite, Salesforce, Tamarac, and NETX360.  

PHYSICAL DEMANDS:

1. None

Special Note:

External and internal applicants, as well as position incumbents, must be able to perform the essential job functions as set forth above.  Hudson Valley Investment Advisors, Inc. is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, disability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances.

Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank.  Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to perform the essential functions of the job.  

This job description in no way states or implies that these are the only duties to be performed by an employee.  Additional functions and requirements may be assigned by supervisors as deemed appropriate, based on the employee’s knowledge, skill and ability as well as his/her mental and physical abilities.