SENIOR TRADING SPECIALIST

Company: Kestra Holdings
Location: Austin
Posted on: September 24, 2024

Job Description:

ABOUT US:

Come join the dynamic team at Kestra Financial! Kestra Financial provides a leading independent advisor platform that empowers sophisticated, independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency. Kestra Financial supports independent financial advisors in delivering comprehensive securities and investment advisory services to their clients.

The Sr. Trading Specialist position is a great opportunity to work for an established, top-rated Wealth Management firm. The Trading Operations Department is integral in managing firm and client risk while ensuring client requests are processed quickly and accurately. This position provides exposure to activities such as alternative investments, fixed income, and securities-backed line-of-credits, as well as general service and operations trading support to our financial professionals. This is a great opportunity to learn to lead others by demonstrating the ability to empower advisor success through reinvention, advocacy, and integrity.

RESPONSIBILITIES:

In addition to complying with all regulatory rules, written desktop procedures, and company policies and communicating effectively with the Kestra Financial Professionals and with internal staff, key responsibilities include:

• Identify and monitor exceptions, measures, procedures, and systems for quality and risk control; bring to the attention of and work with Management and Compliance on exceptions, additions, and changes to systems, policies, and/or procedures.
• Demonstrate a thorough operating knowledge of all high net worth offerings that fall within Trading Operations purview and be able to competently explain processes to financial professionals, including best practices.
• Be able to identify the needs of financial professionals and give suggestions based on known information. Be able to ask clarifying questions to help financial professionals determine the best fit for their clients when choosing between different partners.
• Assist our financial professionals, clearing firm, and external and internal partners with general and complex transactions, correcting trade breaks, trade corrections, research/inquiries, adherence to agreements and/or policies, and reconciling expense/income anomalies (and other functions assigned to the team).
• Maintain accurate and timely daily trade logs, blotters, trade correction documentation, and report review.
• Assist with new team member training/quality control, management with trade blotter review, and handle first-level escalation of department issues; including assisting junior traders with market corrections.
• Assist the Sr. Operations Principal with monthly or quarterly status meetings on regulatory trade reporting statistics including actions taken to remedy reporting issues.
• Other responsibilities as assigned.
• Commitment to culture requires a demonstration of professionalism, accountability, customer/client focus, and teamwork. SKILLS:
  • Must understand the operational and regulatory aspects of trading various security types through a 3rd party custodian like Fidelity/NFS.
  • Working knowledge of National Financial Services (NFS) is preferred
  • Experience with Salesforce and Laserfiche is preferred
  • Ability to interact well with internal and external customers
  • Must be able to perform duties accurately and timely.
  • Must be recognized as a go-to person for questions and escalations.
  • Must exemplify corporate mission statement and advisor first culture.
  • Must be proficient with Microsoft Outlook, Word, and Excel. Must have basic knowledge of PowerPoint.
  • Must be able to read, analyze and reconcile trading reports.
  • Must become proficient with the use of clearing firm, vendor(s) and internal programs and software within 30 days of hire including but not limited to Salesforce.
  • Must possess good analytical skills, problem-solving skills and good communication skills, both verbal and written.
  • Must have good attention to detail.
  • May be required to work overtime, as necessary. SUPERVISORY RESPONSIBILITIES:
    • Supervision of department personnel during department manager's absence.
    • Principal review supervisory responsibilities. EDUCATION AND EXPERIENCE:
      • High School Graduate required
      • College degree strongly preferred
      • 3+ years equivalent industry-related experience strongly preferred CERTIFICATIONS:
        • Must hold the Series 7, 63 (or 66) and 24 licenses.
        • Ability to obtain the Series 4 and 53 licenses within 12 months of hire
        • Other licenses may be required as the industry evolves OTHER DUTIES:
          • Ability to sit at a computer for long periods of time
          • Ability to lift up to 20 pounds
          • The position is located in Austin, TX. Must be able to work during scheduled work hours INTERNAL APPLICANT POLICY:
            
            Internal applicants must be in good standing and have a minimum of 1 year of service with Kestra. Internal applicants must also have a minimum of 1 year service in current role unless approved by EVP.
            
            BENEFITS:
            
            Full health, vision, dental. 401(k) plans along with a host of voluntary plans such as car insurance, legal services and more (applicable to full-time, permanent employees).
            
            DISCLOSURE
            
            By applying to a job at Kestra Financial, Inc., you are agreeing to the following statements:
            • You acknowledge that if hired, Kestra Financial, Inc. may, obtain and use background information concerning your credit, character, general reputation, personal characteristics, work habits, performance and experience for evaluation for your potential employment.
            • It is the policy of Kestra Financial to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, sex, sexual orientation, gender, identity or expression, age, disability, marital status, citizenship, national origin, genetic information, or any other characteristic protected by law. Kestra Financial prohibits any such discrimination or harassment.
              
              KESTRA VALUES:
              
              Our Mission is Powering Financial Independence, enabling the growth and success of investing clients and the advisors who serve them. We do that by living our values: SERVE, MAKE IT HAPPEN, and ONE TEAM.

Keywords: Kestra Holdings, Round Rock , SENIOR TRADING SPECIALIST, Accounting, Auditing , Austin, Texas