Trade Execution Lead

TRADE EXECUTION LEAD WHAT IS THE OPPORTUNITY?

This role requires strong operational precision and deep knowledge of the trade lifecycle. The role requires the candidate to lead a team of trading analysts and be a point of escalation for daily trade issues.

• Execute and delegate equity and fixed income trades to custodians and external brokers, ensuring timely and accurate settlement.
• Investigate and elevate unusual or suspicious order activity and ensure regulatory compliance throughout the trade lifecycle.
• Coordinate trade allocations with external brokers, counter parties, and custodians to ensure consistency across systems.
• Reconcile executed trades across internal systems, custodians, and counter parties; research and resolve any trade discrepancies.
• Review and validate trade confirmations and booking accuracy for equity and fixed income products.
• Analyze and maintain compliance reports including MSRB, OATS, and TRACE for fixed income trading.
• Monitor and respond to corporate actions, margin alerts, and low cash balances in client portfolios.
• Address margin calls and cash shortfalls through proactive communication and resolution.
• Collaborate with Technology Team to test, validate, and roll out trading system enhancements.
• Document and maintain risk, control and trading desk procedures in alignment with firm and regulatory standards.
• Drive process improvement initiatives to eliminate manual work and enhance data accuracy across the desk.
• Manage workflow, establish priorities, and determine work assignments for team members.
• Provide feedback on individual and team accomplishments and areas of improvement to Director of Operations/Trading.
• Participate in various Client Service meetings, as a representative of the Trading Team.
• Manage and lead the trading analysts on the trading team which includes handling daily escalation of issues and handling performance issues and development

• Bachelor’s Degree or equivalent
• Minimum 5 years of experience in trade execution, trade support, or operations within an investment management firm, hedge fund, or broker-dealer
• Minimum 3 years of experience executing or supporting equity and fixed income trades across retail or institutional clients
• Minimum 1 year of experience leading other individual(s) on a team
• Series 7 and 55 or 57

• Series 63 and 24 preferred
• Hands‑on experience with trade reconciliation platforms, such as DTCC, Omgeo, or custodian‑specific portals, as well as order‑management systems (OMS) like Bloomberg AIM, Eze OMS, or similar tools used for trade routing, execution, and post‑trade workflows.
• Familiarity with third‑party trade matching tools, such as OASYS, CTM, or Trade Suite, including resolving mismatches and ensuring clean affirmation and confirmation workflows.
• Strong problem‑solving skills with the ability to prioritize and triage multiple operational and trading issues while maintaining a high degree of accuracy and attention to detail.
• Comfortable working cross‑functionally with compliance, operations, and portfolio management teams to ensure trades are booked, reported, and monitored correctly.
• Clear and effective communication skills, both verbal and written, particularly when translating technical requirements or explaining complex reconciliation issues to non‑technical stakeholders.

Starting base salary: $122,548 – $208,711 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer,…