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.