Wealth Management Centralized Trading Manager

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Job Description:

At Regions, the Wealth Management Centralized Trading Manager executes Wealth Management’s strategic priorities through tactical oversight, management, operations, and design of centralized trading for Asset Management and other portions of Wealth Management.  This role manages a team of Centralized Trading Analysts and serves as the subject matter expert on trading systems and processes. This position drives continual efficiencies and enhancements to the trading process and systems to meet the needs of clients and the organization.

 

Primary Responsibilities

• Leads and oversees operations, training, and the development of the Centralized Trading group through proactively estimating personnel developmental needs, assigning work, meeting completion dates, and interpreting and ensuring the consistent application of organizational policies

• Oversees trading of the team’s client portfolios, ensuring timely and accurate trades

• Operates as a strategic partner for senior management, Portfolio Managers, and Analysts by proactively developing and executing transformational strategies to increase overall trading efficiency and enhance risk mitigation

• Executes on technical and non-technical initiatives, while identifying continuous improvement opportunities

• Initiates, maintains, monitors, and executes required actions to effect security transactions in accounts where given trading authority; rebalances, raises and invests cash, implements model changes, and liquidates accounts as required

• Supports Portfolio Managers, Private Wealth Management (PWM) Trust Advisors, and Relationship Consultants with the implementation of investment policies, unique trade requests, and actions developed by the Investment Working Group

• Provides investment advice and guidance to PWM Trust Advisors and Relationship Consultants through developing client investment objectives and investment policy statements, monitoring portfolio risks, and effecting trades within client portfolios

• Executes on the trading platform with expert-level knowledge, participates in the testing of quarterly software updates, detects and elevates system issues to the trading platform vendor, and provides training to Regions Asset Management Portfolio Managers regarding functionality

• Participates in developing ideas and executing practices to increase overall trading efficiency and enhance risk mitigation for the Asset Management business unit

• Possesses a deep understanding of Asset Managements’ best thinking and model creation, current asset allocation and tactical allocations in RAM's Mutual Fund and Manager Models and Central Trading Group (CTG) firm level fulfillment models

• May serve as a system/user interface owner, managing the prioritization of the product development roadmap

 

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

 

This position is incentive eligible.

Requirements

• Bachelor’s degree

• Six (6) years of experience in investment, asset management, business, finance, marketing or other related industries/experience

 

Preferences

• Master’s degree

• Management experience

 

Skills and Competencies

• Ability to analyze complex information, communicate findings effectively, and execute accordingly

• Ability to multitask and work well under pressure

• Excellent customer service skills

• Excellent verbal and written communication skills

• Proactive in learning new systems and taking initiative to go above and beyond

• Proficiency in Microsoft Office Suite, with intermediate Excel skills

• Proven experience in associate leadership and development

• Strong attention to detail

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$110,404.80 USD

Median:

$163,440.00 USD

Incentive Pay Plans:

This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time

• 401K with Company Match

• Medical, Dental and Vision Benefits

• Disability Benefits

• Health Savings Account

• Flexible Spending Account

• Life Insurance

• Parental Leave

• Employee Assistance Program

• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/about-regions/welcome-portal/benefits

Location Details

Riverchase Complex North Building

Location:

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.