Trader

Level Four Group, LLC•Dallas, TX

About The Position

By joining the Level Four family of companies, you’ll be joining one of the fastest growing wealth management firms in the country. After 20+ years, we still have an entrepreneurial spirit, dedicated to embracing change. We are national in scope with offices throughout the U.S., yet with local roots here in North Texas. The Capital Management Trader is as a key member of the asset management team and manages all aspects of securities trading, along with portfolio operations with an emphasis on managing the on-boarding and transitioning of key accounts. This professional works in the corporate home office and directly supports the management of proprietary investment strategies and custom client solutions. This position is critical to the efficient management, operations and implementation of client portfolios managed by the portfolio management team.

Requirements

At least 5-10 years equity trading experience and knowledge of trading systems
Prior experience in a financial services office/broker-dealer
Knowledge of equity and fixed income markets as well as securities
Strong attention to detail
Self-driven with strong organizational skills
Ability to work in fast-paced environment
Knowledge with Microsoft Office (required)
Trading platforms OMS or EMS (Black Diamond, EMSX, Realtick, Eze Software)
Bachelor’s Degree
General computer and software knowledge: Salesforce, Black Diamond, RJ, Fidelity, Schwab
FINRA Securities Licenses: 65, 7

Responsibilities

Full life cycle trade responsibilities: build, pre-trade analysis, execution, post-trade analysis, allocations and settlement across multiple strategies, brokers and custodians; Ensure all trades settle correctly and resolve any discrepancies
Proficient in the use of order management systems, trading strategies and best execution standards
Ensure all trading activities follow best execution policies. Perform analysis including broker due diligence, broker evaluation, execution measurement, performance tracking and trading record keeping
Model management: proprietary equity and asset allocation modeling based on asset allocation framework while managing all workflow within Orion as well as Salesforce to ensure model assignments, and completion of trades as needed
Manage and maintain soft dollar balances, bills and relationship with executing brokers to capture all trading activity and reduce overall expenses paid by “hard dollars”; Manage commission budget and commissions paid to various third-party broker dealers
Assist the portfolio managers during rebalancing/allocation and act as central resource for investment houses to send their research to PM’s. Compile research as needed and leverage relationships to obtain research reports
Create, implement and maintain procedures and documentation for trading/operations best practices; leverage the use of technology to provide efficiencies in all areas of the trade/reconciliation process
Run analysis, monitor tax consequences and ensure an error free implementation process while transitioning multi-million-dollar portfolios into LFCM
Manage the GIPS verification process, including model assignments and changes, closing of accounts and working with various custodians/regulators to ensure all data is correct
Work on firm-wide special projects related to operational efficiencies and process improvements
Interface with the Advisory Service Operations team in day-to-day processes relating to new account on-boarding to ensure all is in good order before trading
Additional duties as required