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Tailored Portfolio Management Trader

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Fifth Third Bank, National Association

Cincinnati, OH (In Person)

Full-Time

Posted 2 weeks ago (Updated 19 hours ago) • Actively hiring

Expires 6/16/2026

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Job Description

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION
Responsible for executing the purchases and sales securities by authorized individuals, rebalancing client accounts and maintaining modeling program. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Responsible for trading all asset classes, market caps, equities, fixed income, derivatives, ETFs, ETNs, ADRs, and structured notes. Required understanding of the different methods of placing orders with the designated brokers. They must determine which broker would be the most effective at handling time sensitive or large orders and a comprehensive knowledge of electronic order management systems, execution management systems, algorithms, DMAs, dark pools, and crossing networks. The intermediate trader is also responsible for receiving executed orders back form the brokerage community and making sure those orders are properly posted and settled on the accounting system. They also maintain contact with Portfolio Managers by communicating market sentiment and the current trading environment. The intermediate trader must also be able to handle the daily trading operation while the senior trader is out of the office. Receives investment model updates and changes from internal and external strategy teams and executes across institutional and personal trust accounts. Responsible for managing high volume, high transaction, high risk systems. Works with each internal and external strategist develop workflows for updating models, rebalancing accounts, and implementing strategy changes. Responsible for reconciling model position on a monthly basis. Monitor, identify, and correct any account level cash or position deviations from the model. Must develop, implement, and maintain procedures for ensuring minimal dispersion of returns for separately managed accounts. Should work to continuously reduce implementation shortfall. Executes all modeled account maintenance requests from portfolio managers and financial advisors. Responsible for creating and releasing large block orders. Tracks and implements socially responsible restrictions, unmanaged restrictions, and cash requirements for all institutional and personal trust modeled accounts. Responsible for all aspects of SMA and UMA modeling platforms. Must work with IT and vendors on system conversions, upgrades, and day to day maintenance. Provide guidance to portfolio managers and strategists on fund selection within asset allocation models. Must be familiar with liquidity, trading restrictions and account minimums.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED
Bachelor's Degree Required. 5-10 years of trading experience. Advanced knowledge of securities, their markets and trade
  • related activities.
Excellent communication skills. Ability to multitask and thrive in a fast paced environment. Superb work ethic, attention to detail, and team orientation. Experience trading multiple asset classes, all market caps, international, ETN and ETF creation, ADRs, and derivatives. Strong technology skills, proficiency with Bloomberg, order management systems, and execution management systems. Tailored Portfolio Management Trader At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.
com Careers page at:
https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION
  • Cincinnati, Ohio 45202 Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes
  • no matter how they are submitted
  • will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status. Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step? Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust.

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