Tailored Portfolio Management Trader
Job
Fifth Third Bank, National Association
Cincinnati, OH (In Person)
Full-Time
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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.
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.
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