Senior Operations & Junior Trader

About Xponance Xponance is a distinguished, woman-led, and employee-owned multi-strategy investment firm dedicated to revolutionizing access to alpha for clients and the wider investment community. Established in 1996 by Tina Byles Williams with AUM of $18.6 billion as of 6/30/24, our firm specializes in global and non-U.S. equity investment strategies, employing a multi-manager framework that leverages the unique insights and dedication of entrepreneurial, emerging, and diverse managers within a proven strategic framework. As a direct equity manager, we design and oversee systematic, risk-controlled, active, and passive strategies, including client-directed 'Values Based' screening and the exclusive utilization of corporate DEI scores from our partner, As You Sow. Our active U.S. fixed income core strategies cover the maturity spectrum, providing an income advantage and safeguarding against downturns through the ownership of distinctive, off-benchmark securities. Furthermore, our Alternative subsidiary, Xponance Alts Solutions, focuses on GP Staking and Seeding initiatives for diverse and woman-led alternative managers. Lastly, Aapryl, LLC, our fintech subsidiary, delivers a web-based analytical platform designed to assist asset owners and advisors in portfolio, asset manager, and risk due diligence, empowering them in fulfilling their fiduciary duties. At Xponance, we are committed to driving innovation and delivering value to our clients and the broader investment landscape. Opportunity - Senior Operations & Junior Trader We are seeking a highly motivated Senior Operations & Junior Trader to join our team at our Durham, North Carolina location. This hybrid role sits at the intersection of trading, portfolio implementation, and operational oversight, offering direct exposure to portfolio managers, analysts, and counterparties. The ideal candidate brings strong operational expertise with experience in a trading role.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Trading & Execution Execute equity trades across active and passive portfolios on multiple institutional platforms, including Fidelity, Morgan Stanley, and other approved broker-dealer systems. Conduct due diligence on existing and prospective broker relationships, evaluating execution quality, commission rates, financial stability, and regulatory standing. Monitor and enforce compliance with broker utilization requirements, tracking activity and preparing required reports for internal stakeholders and clients. Manage and cultivate broker relationships; liaise with counterparties to source liquidity, negotiate terms, and ensure best execution practices. Monitor real-time market activity, liquidity conditions, and trade flow to support efficient and timely execution. Ensure accurate trade booking, allocation, and confirmation across all platforms and portfolios Operations & Middle Office Manage client onboarding, cash flows, portfolio rebalancing, index tracking, and cash equitization. Oversee daily trade reconciliation and proactively resolve breaks with custodians, prime brokers, and counterparties. Monitor portfolio exposures, cash levels, and adherence to investment guidelines on an ongoing basis. Coordinate settlement processes across multiple custodians and ensure operational accuracy throughout the trade lifecycle. Maintain data integrity across trading, portfolio management, and accounting platforms (e.g., SS&C Advent, Liquidity Book). Drive workflow improvements and contribute to automation and process optimization initiatives. Assist in managing corporate actions, dividends, and benchmark index changes across portfolios. Client Reporting & Service Review and validate portfolio and composite performance results to ensure accuracy, completeness, and compliance with internal policies and GIPS standards. Prepare and deliver client reporting deliverables, including trading activity summaries and Coordinate with internal teams, including portfolio management, compliance, and client services—to address client-related operational inquiries. Collaborate with client service and marketing on client onboarding and reporting. Risk, Compliance & Controls Ensure strict adherence to internal controls, compliance policies, and applicable regulatory requirements. Assist in pre- and post-trade compliance monitoring, including guideline checks and restricted securities reviews. Support broker due diligence reviews and maintain up-to-date documentation in accordance with firm policies. Identify operational risks, escalate issues appropriately, and recommend process improvements to strengthen controls.

QUALIFICATIONS 3-7

years of experience in trading support, operations, or middle office within an asset management firm. Bachelor's degree Demonstrated exposure to Global equities and fixed income. Philadelphia, PA | Durham, NC xponance.com | @xponance | Xponance Familiarity with both active and passive (index) strategies is a plus. Solid understanding of the full trade lifecycle, settlement processes, and reconciliation procedures. Hands-on experience with accounting platforms such as SS&C Advent. Proficiency with OMS/EMS platforms (e.g., Liquidity Book); experience with multi-platform trading environments (Fidelity, Morgan Stanley, or similar) is strongly preferred.

Advanced Excel skills:

familiarity with Python or SQL is a plus. SKILLS Exceptional attention to detail and organizational skills in a fast-paced, deadline-driven environment. Analytical mindset with a proactive, solutions-oriented approach to problem-solving. Strong interpersonal and communication skills with the ability to collaborate across teams and with external counterparties. High degree of integrity and professionalism when handling sensitive market and client information. Genuine interest in developing trading judgment, market expertise, and a deeper understanding of portfolio implementation. Candidates interested in the Senior Operations & Junior Trader opportunity can forward a resume to: careers@xponance.com.