Trading Associate

Job Title Trading Associate

Position Summary

The Trading Associate position is responsible for trading at SFMG. This is a vital role at the firm and requires great attention to detail. The position supports all our advisors in executing and recommending various types of trades on behalf of our clients. The role requires a unique combination of operational skills and investment knowledge. The Trading Associate will work closely with several different teams within SFMG, including the broader Investment Team on various projects and initiatives. 

Level

Entry

Candidate Characteristic/Disposition 

The ideal candidate must be team-oriented and possess strong interactive skills. The position requires the ability to prioritize, manage multiple tasks/projects, and work in a fast-paced environment. Candidate should have excellent attention to detail and ability to communicate effectively with advisors. Tech savvy and the ability to learn new programs quickly are essential to success in this position. 

Essential Functions Statement(s)

Maintain Data Integrity within Portfolio Management and Trading Software

1. Set up new accounts and portfolios.
2. Maintain securities settings, models, trade instructions, advisor preferences, portfolio and account settings, etc.

Support flow of all trade requests at SFMG

1. Trade execution and allocation, including block trading.
2. Trade verification / reconciliation.
3. Ability to understand ETFs, Mutual Funds, Stocks, Fixed Income Products, Options
4. Seek to maximize the utilization of trading and rebalancing systems.

Support the Advisors in Rebalancing, Cash Spend/Raise Efforts, and Reporting

1. Produce and suggest trades for advisor review.
2. Identify portfolio rebalancing opportunities or other transactions that may benefit our clients.
3. Develop rebalancing reports and assist with related projects.
4. Generate portfolio allocation, cash, and margin summaries for advisors on a recurring basis.

Additional Investment Management, Alts, and Operations Support

1. Assist with SFMG’s Quarterly Reporting process.
2. Assist with processes or workflows in our CRM for the Alternative Investment team, Investment Management team, and Operations department as needed.

Work cohesively with all SFMG staff

1. Seek opportunities to collaborate and/or add efficiencies to the firm.
2. Offer support to SFMG team whenever possible.
3. Other ad hoc projects as needed.

Skills & Abilities

Education: Bachelor's degree in Accounting, Finance, or Economics preferred.

Experience: 0-3 years financial service or other relevant experience preferred.

Computer Skills: Microsoft Office Applications, Excel, Preferred: Python and VBA 

Job Status: Full time 

FLSA Status: Exempt

Position Eligible for Telework: Yes

Department: Investment Management

Work Schedule:

M-F; hours may vary by day between 8:00AM – 5:00PM

This position is located in Plano TX.

Competitive compensation based on experience. Strong benefits with health insurance, dental insurance fully paid by the employer for employee coverage and 401k and match available.

Reasonable Accommodations Statement 

To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodation may be made to help enable qualified individuals with disabilities to perform the essential functions.

Instructions for applying for this position:

Please submit a cover letter and resume in Word or PDF format. Resumes will not be accepted without a cover letter that states why you would be a good fit for this position and the compensation range you wish to discuss. Also in your cover letter, please describe your three most defining characteristics or attributes. This exercise is meant to show us your writing skills and ability to follow directions and help us get to know you. Note that you must follow these exact instructions, or your resume will be rejected. Thank you.