Job Purpose:

  • Exchange Capital Management, a boutique, fiduciary, fee-only wealth management firm in Ann Arbor, Michigan, is seeking a Trader to join its Portfolio Management Team
  • You will be a part of a close-knit team that values learning, process, and probabilistic thinking.

Your Responsibilities:

  • Trading and Operations: Setup, execute, allocate, settle, and reconcile trades of various securities (e.g. stocks, bonds, ETFs) in client accounts as instructed by the Portfolio Management (PM) Team, in the form of both block and individual trades
  • Implement and maintain investment management models provided by the PM Team in our 3rd party portfolio management system
  • Use those models and system to propose trades as needed to: Fulfill regular and ad hoc client cash raises, Invest excess cash in accounts, Rebalance accounts that are out of tolerance
  • Maintain account and asset settings in portfolio management and reporting system
  • Execute new account setup procedures
  • Calculate quarterly bills and ensure all bills are correctly submitted
  • Monitor and rebalance accounts in 3rd party systems outside of our typical custodial relationships
  • Maintain data streams between Tamarac, Bloomberg, and any other analytical systems
  • Research and Strategy: Conduct performance and holding analysis of client accounts, composites, and model portfolios
  • Build monthly Investment Committee reports as instructed by the PM Team
  • Act as Secretary of the Investment Committee, taking and distributing meeting minutes
  • Assist the PM Team in research projects
  • Marketing: Review and comment on blogs posts written by the PM Team
  • Assist PM Team to perform research that can be used in media pitches, blogs, white papers, etc.

Skills and Qualifications:

  • 4 Year Undergraduate Degree
  • High attention to detail
  • Intuitive understanding and comfort with numbers and mathematics
  • Desire to understand financial markets and the wealth management industry
  • Drive and curiosity to build better systems to benefit the team and clients
  • Adaptive and flexible, with the ability to handle multiple time sensitive requests while maintaining composure
  • Resiliency and perseverance
  • Must sit for Series 65 exam within 90 days of hire
  • Must sit for CFA Level I exam (or higher level, if applicable) within 12 months of hire.
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