Trade Operations Associate

Description

Join the Orgel Wealth Management Team

Since 1984, Orgel Wealth Management, along with our founder’s predecessor practices, have been committed to providing comprehensive wealth management, consulting, and planning services to a diverse group of families, individuals, business owners, retirement plans, and foundations. 

Orgel Wealth Management is seeking a Trade Operations Associate who can support to the firm through monitoring our client's investment portfolios, reviewing portfolio changes and trading request, and executing daily trades with proficiency and urgency. 

Learn more about Orgel Wealth Management and “The Orgel Way” at www.orgelwealth.com.

• Shared Values – At Orgel Wealth Management, our team believes in forming genuine relationships and serving clients with relentless excellence. We put clients first. Period.
• Nationwide Reach – Currently, our team serves clients in 43 states with more than $5.62 billion in assets under management (as of September 30, 2022).
• Experienced Team – Our credentialed team of 26 investment professionals (8 CFA® charterholders, 9 CFP® certificants) and 9 professionals with tax or legal backgrounds is supported by client service, operations, and technology specialists.
• Independence – By establishing an independent firm, we developed an organizational structure that allows for and supports employee ownership for multiple generations to come.
• Rapid Growth – Since becoming an SEC-registered investment advisor in 2013, our assets under management have more than doubled and we have grown from 23 employees and 1 office to 73 employees and 3 offices.

Position Summary

The Trade Operations Associate will be responsible for successfully processing security transactions for client portfolios as directed by the firm’s investment committee and individual advisors. This includes performing centralized trade analysis and compliance for client portfolios using rebalancing and the client relationship management software. Consistently exercising strong analytical skills and working with a sense of urgency and accountability is required to establish and maintain credibility and confidence within and outside of the organization. To be successful in this role, one must be a motivated team player who possesses the ability to successfully work in a collaborative and fast-paced environment, willing to take ownership and accountability for their actions, and is enthusiastic and capable of advancing their knowledge and understanding beyond the scope of their specific functions.

Principal Duties and Responsibilities

• Execute daily trades, including portfolio/account rebalancing
• Manage rebalancing system and define strategy trading parameters as directed by the firm’s investment committee
• Monitor portfolios to confirm that all portfolios are in compliance with strategy guidelines
• Act as the systems manager for firm’s portfolio trading rebalancer, including data maintenance, reporting and special projects
• Analyze account transfers and maintain accurate and up to date portfolio cost basis
• Oversee, monitor and actively participate in the implementation and maintenance of portfolio strategies to ensure that portfolios are within risk tolerance constraints and comply with client securities guidelines and restrictions

Additional Skills Required

The Trade Operations Associate must be able to:

• Exceptional analytical and conceptual thinking skills
• Capable to handle high volume of work with precision
• Able to work well under stress in a fast-paced environment
• Manage time effectively, set priorities, and meet deadlines
• Maintain the highest level of confidentiality with respect to client and firm information
• Understand and adhere to all firm policies and procedures
• Exercise the highest level of professionalism in personal presentation, communication, and all interactions with clients and employees
• Demonstrate high levels of integrity
• Communicate effectively orally and in writing 
• Function well in a team environment by maintaining a positive, collaborative approach
• Work independently with self-motivation
• Leverage technology, including the Microsoft Office Suite, Redblack, Salesforce, Tamarac, Morningstar, and other software applications as necessary

Requirements

Educational and Experience Requirements

Required:

• Bachelor’s degree from an accredited university or college in business or related field

Preferred:

• A minimum of 2 years of individual taxable and tax-deferred portfolio management/trading experience at a fee-only wealth management firm
• Understanding of asset allocation, tax strategies, and experience with trading equity and fixed income instruments. 
• Understanding of how to work with trading desks and trade execution strategies
• Familiarity with investment management software; Tamarac, RedBlack, iRebal or similar

This position is located in Altoona, Wisconsin - relocation is expected.

Acknowledgement

This description is intended to be an accurate reflection of the principal elements of the job for which it was written. It should not be construed as a description of all requirements but merely a guideline. It will be updated from time to time to reflect changes and/or additions. One may be required to perform other duties as assigned by a supervisor or management. This job description is not a contract for employment, and either you or the organization may terminate employment at any time, for any reason.