AMS Overlay Portfolio Reviewer

Job Description

As part of the AMS Trading team, the Overlay Portfolio Reviewer role uses knowledge and skills obtained through work experience to review and implement tax-optimized model portfolio overlays on several managed account platforms using various exchange-traded products. This role also encompasses the daily management of multi-sleeve accounts with more than one trade discretion type. Under general supervision, uses established procedures and guidelines to perform a variety of trading and analytical tasks requiring evaluation and complex decision-making to execute trades and resolve account issues.

Responsibilities:

• Overlay accounts to pre-defined single and multi-sleeve trading models and execute trades based on product guidelines.

• Oversee the day-to-day management of multi-sleeve accounts with trading discretion held away from Raymond James on some sleeves.

• Execute blocks of mixed asset types under tight time constraints while managing cash balances.

• Extensive communication with outside money managers regarding trade execution, daily cash flows, and other account reviews.

• Manage data files with tax overlay vendors, including data validation, account coding, and transmission issues.

• Create and execute large block trade allocations, determining method of execution including limits, use of local markets for ADR conversions, and Authorized Participants for ETF creation and redemption units.

• Analyze individual account data to identify outliers of current model positions and resolve discrepancies.

• Perform high-level reviews of accounts to ensure investment objectives are being met.

• Perform tax loss harvesting.

• Research and resolve complex account errors, providing necessary trade corrections.

• Update trading models based on data provided by outside money managers.

• Perform other duties and responsibilities as assigned.

Skills:

• Market trading practices of products, including equities, ADRs, ETFs, UCITs, and Mutual Funds.

• General knowledge of managed account practices.

• Principles of banking and finance and securities industry trading and operations.

• Financial markets and investment products and services.

• Mathematical ability sufficient to calculate transactions accurately and efficiently.

• Intermediate Excel experience.

• Advanced analytical skills: analyze data to draw logical conclusions and interpret results for use in decision-making.

• Personal resilience while providing high-level customer service in a fast-paced environment.

• Problem-solving sufficient to effectively analyze, research, and resolve inquiries and issues in a timely manner.

• Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.

• Organize, prioritize, and manage multiple activities/tasks simultaneously and complete work efficiently.

• Communicate effectively and professionally, both orally and in writing.

• Ability to work independently as well as collaboratively within a team environment.

• Attend to detail while maintaining a big-picture orientation.

• Identify the needs of customers through effective questioning and listening techniques

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

Manager Experience - None

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA), Tax Credit Specialist (TCS) - National Center for Housing Management (NCHM)

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view. 

We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. 

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