Trader​/Portfolio Manager​/Operations Specialist

Senior Licensed Trader & Investment Operations Manager

Singer Wealth Advisors
, a growing independent Registered Investment Advisor (RIA) based in Boca Raton, Florida, is seeking a Senior Licensed Trader / Investment Operations Manager to join our team.

This is a key investment operations role responsible for firmwide trading, portfolio implementation, investment operations, model analysis, and investment due-diligence. The ideal candidate will work closely with our Financial Advisors to execute their clients’ investment strategies, maintain portfolio models, oversee portfolio rebalancing and ensure the accurate, efficient, and timely execution of trades and investment-related operational processes across all client accounts. The candidate should enjoy solving complex investment and operational challenges, continuously improving processes, and serving as a trusted investment resource for our advisory team.

The candidate should have a solid understanding of sophisticated investment products/strategies, model portfolios, financial plans, and alternative investments; along with an extensive background in executing trades in all asset classes: ETFs, Mutual Funds, Alternative Investments, Fixed Income, Structured Notes, Interval Funds, Money Markets, Derivatives/Options.

• Processing trade requests from 10+ licensed advisors utilizing Schwab trading institutional platform
• Work with Investment Planning Associate to verify compliance and suitability of trade requests
• Analyze market conditions & market volatility for best execution prices
• Maintain Trade blotter for compliance on a trade-by-trade basis
• Confirm trades are filled & executed
• Rebalancing models and plans as requested by advisory teams
  • Changing positions and or weights of existing holdings in our models through block trading
  • Managing a large-scale investment or position change (example: from a structured note to another structured notes with better terms)
  • Evaluating credit risk, realized gains, & suitability
• Tracking interval fund redemptions
• Cash creation for quarterly management fees
• Daily monitoring of cash flow transactions & creating cash for margin balances
• Proactive maintenance of cashflow on systematic deposits/withdrawals & auto trades required
• Creating cash for alternative investments and capital calls
• Structured notes
  • Proactively quote notes through various sources
  • Maintain client note purchase requests in adherence with inv plans
  • Purchase notes on trade date under the firm’s master  allocate to designated accounts from purchase list
  • Work with Fixed Income trading desk at Schwab to get bids for requested sells of structured notes as needed
  • Track performance of notes (missed coupons of income notes, intrinsic value vs pricing of growth notes, etc.)
  • Work with advisory teams as notes mature or get called for reinvestment

Responsible for position definitions (utilizing Morningstar and other resources as needed) to define investments with accurate asset category, projected income, etc.

Input and adherence to client Investment Plan Target Allocations

Use of Tamarac reporting to run & manage bulk security reports

• Set up distributions (wires/money movements) for advisors after cash creation
• Monitoring & analyzing corporate actions & communicating with Advisors with any necessary implementations
• Tracking, processing, and documenting trade errors and cancel/rebills
• Roth Conversions (processing in kind conversions)

• Cost Basis analysis of transferred positions with an emphasis on tax implications
• Confirming all alternative investments have accurate cost basis in our Tamarac system & work with Schwab to reset cost basis from 3 rd parties
• As needed by various advisory teams, research a position, investment or strategy
• Back test various strategies for viability
• Back testing & analysis of tactical trading strategies and models
• Heavy use Microsoft EXCEL for various trading strategies, model portfolios, work flow management, rebalancing & special projects (Vlookups, index/match, pivot tables)
• Due-diligence & compliance writeups on new…