Wrap Trader
Apply NowCompany: Virtus Investment Partners, Inc.
Location: Los Angeles, CA 90011
Description:
Although we value experience and skills, we also care about who you are. We strive to surround ourselves with good people that share our values, that work hard, and that support each other as a team and as individuals.
Job Description
Kayne Anderson Rudnick Investment Management is seeking a Wrap Trader to join the team. The Wrap Trader will serve as liaison between advisor and sponsors to process all administrative and client service aspects of Wrap programs and will provide cross coverage for the private wealth trader, as well as other group projects.
The candidate will report to the firm's Director, Portfolio Implementation and this role will be based at the firm's headquarters in Los Angeles.
Primary Responsibilities:
Wrap Accounts
Model Delivery
Ideal Qualifications:
The starting salary range is $100,000.00 to $140,000.00
The starting salary range will vary based on the applicant's education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is also eligible to participate in the company's annual incentive plan.
Benefits:
We offer a variety of benefits that support employees and their families in maintaining all aspects of health and wellness. We pride ourselves on offerings that encourage work-life balance and support the needs and goals of the team.
KAR is made up of diverse, talented, and passionate employees working together to achieve a common and rewarding goal: providing high quality investment strategies and wealth solutions for our clients.
Awarded Best Firm Culture at the 2022 PAM Awards, KAR maintains a team-oriented culture of accessibility, open communication, and respect. We believe in empowering and growing our people and are excited to be hiring.
KAR is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
For additional information on Kayne Anderson Rudnick, please access the firm's web site at www.kayne.com
Job Description
Kayne Anderson Rudnick Investment Management is seeking a Wrap Trader to join the team. The Wrap Trader will serve as liaison between advisor and sponsors to process all administrative and client service aspects of Wrap programs and will provide cross coverage for the private wealth trader, as well as other group projects.
The candidate will report to the firm's Director, Portfolio Implementation and this role will be based at the firm's headquarters in Los Angeles.
Primary Responsibilities:
Wrap Accounts
- Implement strategy models in assigned Wrap sponsor programs using sponsor applications: APL, Vestmark, GWP, Manager Console, CG Trade Connect
- Create Orders for strategy block trades
- Verify accuracy and suitability of client new account documentation
- Monitor daily activity and cash flows for portfolio review & rebalance
- Keep current on Corporate Actions that impact the portfolios
- Provide excellent operational client service to advisors and sponsors to process administrative aspects of Wrap programs
- Review portfolio position drift
Model Delivery
- Maintain models in sponsor applications
- Communicate strategy block trades via sponsor web-based application and e-mail
- Review model drift
- Update corporate actions in models
Ideal Qualifications:
- A bachelor's degree in finance, economics or accounting.
- 5 to 7 years of WRAP trading experience including knowledge of different WRAP and UMA sponsor platforms.
- Strong communication skills.
- Ability to work under pressure and perform tasks in a timely manner.
- A solid work ethic and excellent problem-solving skills
- Ability to multi-task and take on additional project work.
The starting salary range is $100,000.00 to $140,000.00
The starting salary range will vary based on the applicant's education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is also eligible to participate in the company's annual incentive plan.
Benefits:
We offer a variety of benefits that support employees and their families in maintaining all aspects of health and wellness. We pride ourselves on offerings that encourage work-life balance and support the needs and goals of the team.
- Competitive Pay
- Medical, Dental, and Vision Insurance
- Life and Disability Insurance
- Health Savings Account with a Company Match
- Flexible Spending Accounts including Dependent Care
- Wellness Program
- Tuition Reimbursement
- 24-Hour Employee Assistance Program
- Adoption Assistance
- Paid Family Care Time
- Paid Volunteer days
- Gym onsite
- Paid Parking -LA Office
- Lunch provided
- Hybrid 3/2 (Subject to change)
KAR is made up of diverse, talented, and passionate employees working together to achieve a common and rewarding goal: providing high quality investment strategies and wealth solutions for our clients.
Awarded Best Firm Culture at the 2022 PAM Awards, KAR maintains a team-oriented culture of accessibility, open communication, and respect. We believe in empowering and growing our people and are excited to be hiring.
KAR is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
For additional information on Kayne Anderson Rudnick, please access the firm's web site at www.kayne.com