IMG Trading Operations Analyst
Make banking a Fifth Third better
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
General Function :
Responsible for trade and portfolio administration, including tracking and reporting equity trading performance and soft dollar and research broker budget. Also responsible for maintaining the equity modeling program and rebalancing accounts attached to equity and asset allocation models.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, ensuring actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Essential Duties & Responsibilities :
Trade and Portfolio Administration
- Maintain and manage group project agenda under direction of manager.
- Prepare and analyze reports for ongoing projects under direction of manager.
- Work with Investment Operations and the Technology Department on mutual projects.
- Update and maintain investment management software for risk management and compliance purposes.
Soft Dollar and Research Broker Reporting
Compile soft dollar contracts under direction of manager.Reconcile broker statements.Monitor best execution.Equity Modeling
Receive investment model updates and changes from internal and external strategy teams and execute across institutional and personal trust accounts. Responsible for managing high-volume, high-transaction, high-risk systems.Work with internal and external strategists to develop workflows for updating models, rebalancing accounts, and implementing strategy changes. Responsible for reconciling model positions monthly.Monitor, identify, and correct any account-level cash or position deviations from the model.Develop, implement, and maintain procedures to ensure minimal dispersion of returns for separately managed accounts; continuously reduce implementation shortfall.Execute all modeled account maintenance requests from portfolio managers and financial advisors, including creating and releasing large block orders.Track and implement socially responsible restrictions, unmanaged restrictions, and cash requirements for all institutional and personal trust modeled accounts.Manage all aspects of SMA and UMA modeling platforms; work with IT and vendors on system conversions, upgrades, and day-to-day maintenance.Provide guidance to portfolio managers and strategists on fund selection within asset allocation models; must be familiar with liquidity, trading restrictions, and account minimums.Serve as a backup to others in the Investment Management Rebalancing group as needed.Perform other job responsibilities as determined necessary.Supervisory Responsibilities : None
Minimum Knowledge, Skills, and Abilities Required :
Bachelor's Degree required.13 years of investment experience required.Working knowledge of fixed income and equity securities, their markets, and trading characteristics.Working knowledge of all trade-related operation areas.Strong knowledge of PC applications, including Excel, Word, Access, Outlook, and PowerPoint.Working knowledge of mainframe system interface.Demonstrates strong leadership and project management skills.Results- and goal-oriented; possesses sound judgment and ability to apply logical / critical thought processes when developing business solutions.Ability to adjust to multiple demands, shifting priorities, and rapid change.Location Cincinnati, Ohio 45202
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.