[Hiring] Trading Specialist @Donaldson Capital Management

Role Description

The Trading Specialist owns trade execution independently, from routine rebalances to complex cases that call for judgment, and works closely with advisors and our Investment Policy Committee.

Key Responsibilities

• Trade Execution: Manage and execute trades across equities, mutual funds, ETFs, and fixed income. Handle tax-loss harvesting, opportunistic rebalancing, and cash flow adjustments.
• Pre-Trade Analysis and Block Trading: Review proposed trades before release. Aggregate and allocate block trades where applicable, in line with firm allocation procedures.
• Portfolio Monitoring and Rebalancing: Run model rebalances in Flyer from start to finish. Monitor accounts for drift, cash, and restrictions. Conduct manual reviews and document portfolio decisions in the CRM.
• Reconciliation and Settlement: Reconcile executed trades against custodian records and confirm settlement. Resolve trade breaks and errors with custodians directly, and escalate exceptions with a recommended path.
• Compliance Support: Support best execution review, trade allocation, and books-and-records requirements. Maintain documentation that holds up to compliance review.
• Data Analysis and Insights: Build queries and reports that support investment decisions. Model scenarios and provide insights to advisors and the Investment Policy Committee.
• Collaboration and Leadership: Partner with Advisors and Client Services to meet client needs. Review Associate work, mentor junior team members, and contribute to workflow improvements.
• Policy and Procedure Development: Help create and refine trading policies and procedures that improve efficiency and compliance. Report Flyer and Orion system issues to Tech Optimization.

Qualifications

• Education: Bachelor’s degree in finance, economics, business, or a related field.
• Licenses and Certifications: Series 65 license, or willingness to obtain it within 120 days.
• Experience: 2 to 5 years of experience in trading or investment operations at an RIA, broker-dealer, or custodian.
• Skills:
  • Flyer experience preferred
  • Experience with Orion or a comparable portfolio accounting system, and with institutional Schwab & Fidelity trading platforms
  • Strong understanding of trading principles, asset allocation, rebalancing, and tax-efficient trading
  • Ability to learn and apply DCM’s portfolio management strategies
  • Advanced Excel
  • Strong analytical, problem-solving, and decision-making skills
  • Sound judgment on when to resolve independently and when to escalate
  • Ability to manage multiple priorities under time pressure
  • Collaborative mindset with a focus on team goals

Benefits

• Compensation: Robust compensation model including a base salary and certification, designation, and degree pay. Variable pay consists of a revenue pool program. Placement within the posted range depends on experience, skills, and credentials.
• Retirement: 401(k), pre-tax or post-tax, with a 4% total compensation match, and annual profit sharing currently at 9%.
• PTO: Team members are not limited to a specific number of vacation, personal, or sick days. Workplace flexibility (~6-8 months into first year), maternity, and parental time off.
• Health: Medical, Vision, Dental, Supplemental, HSA, Dependent Care FSA, Short-Term and Long-Term Disability, Life and AD&D.
• Professional Growth: Education Advancement, Continuing Education Reimbursement Program, Career Coaching.
• Financial Health: SMARTMap, Financial Planning, No Fees for Investment Management.
• Equipment: Cell phone, laptop, monitors, and remote accessories if needed.
• Other: Wholesale club membership, parking garage, annual charitable donation.