Provide support for trading and order execution functions within Choate Investment Advisors.
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Job Functions:
• The Trading Specialist is responsible for the efficient, accurate and timely execution of individual equities, fixed income and mutual fund/ETF trades across multiple custodial platforms through our portfolio management and trading systems.
• Monitor and manage order entry and flow to optimize execution and minimize risk.
• Review, settle and reconcile information on executed trades and corporate actions before market open to ensure accuracy and consistency between our order management systems and custodial platforms. Investigate and resolve any discrepancies quickly by coordinating with internal parties, technology providers, brokers and custodians as needed. Â
• Assist with workflows to manage custodian and client-specific constraints, including asset- or portfolio-level restrictions and availability of securities on various custodial platforms.
• Develop and maintain strong broker assessments and relationships to ensure high-quality execution services. Monitor trade performance and perform periodic review of qualitative and quantitative elements of broker performance as part of the firmâs best execution efforts.
• Continuously monitor firmwide trading practices and related workflows, and proactively identify areas for improvement. Create, maintain, and follow strict internal processes to increase accuracy & efficiency and ensure compliance with regulatory standards.
• Perform regular intelligence gathering: seek out relevant research/information on investments, trading technologies and new industry trends. Socialize findings with investment and operations teams.
Essential Competencies:
• Experience working with multiple custodians (ideally SEI, Fidelity, and/or Schwab) and familiarity with order management/trading systems (including RedBlack, Moxy, and BondDesk) preferred.
• Superior communication skills and organizational skills. Proactive and collaborative team player â asking questions in order to grow in a results-oriented environment.
• Quality assurance: strong work ethic, problem solving skills, and attention to detail. Process-driven mindset, placing emphasis on accuracy, consistency, and documentation.
• Deep sense of curiosity: open-minded and eager to learn the âwhyâ behind their work. Seeks a deeper understanding of the overall business, new industry trends, and all workflows connected to trading and portfolio management.
Qualifications:
• Bachelorâs Degree in Accounting, Finance, or Business Administration required.
• Minimum 3 years of progressive experience with security processing required.
• Superior knowledge of all aspects of security trading.
• Familiarity with basic investing, tax and estate planning concepts.
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