Private equity associate Jobs in Durham, NC

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 : The primary responsibilities of this position are to oversee, manage and direct, within Franklin Street Partners, all aspects of Equity Trading including execution, Risk Management and Reporting, Compliance and Controls Rules. Receives and accepts trading instructions from Portfolio Managers (PMs) and Client Portfolio Strategists (CPSs) and routes orders to market venues for execution.

Leads development and oversight for the trading process including trade cost analysis, best execution procedures, management reports, and committee reporting. Support the investment process by working with Analysts and PMs on all facets of the research process for both internal equity portfolios and manager research. This person will also be available to support all PMs in working with the marketing and client service team at Franklin Street.

The role is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that 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 AND RESPONSIBILITIES :

Makes trading decisions based on market conditions, portfolio manager trading instructions, venue liquidity, high touch brokerage capabilities, and low touch electronic trading options.

Develop trading strategies with PMs; provide market commentary, analysis, and information on market sentiment, trading environment, volume, and price volatility.

Assemble Daily Best Execution Reports in Moxy and review Trade Cost Analysts reports.

Set up commission schedules and manage third-party commissions, including budgets for external brokers.

Enters mutual funds trades manually in Moxy system.

Monitor and manage good till cancel (GTC) orders, including notifying portfolio managers monthly for review or change.

Work with Compliance Department and Head of Equities to manage trading restrictions and enforce Employee Trading Approvals in accordance with Franklin Street Partners personal trading policy.

Set up new accounts with brokers and establish settlement and delivery instructions for custodians.

Monitor intraday cash flow to avoid overdrafts; notify managers to raise cash when necessary.

Review new trading systems and recommend implementing new tools; annually update best execution policies.

Establish and maintain deep vendor relationships; monitor Wall Street sell side broker trading desks.

Ensure broker electronic connectivity to direct market access platforms, dark pools, and primary exchanges.

Oversee trade rotation for external product channels and maintain records.

Identify and lead trade error resolution; report to Head of Equities and Managing Director of Operations

Work with Head of Equities and Managing Director of Operations on trade compliance and oversight committee reporting.

Ensure timely and accurate posting of executed orders to the accounting system; assist with trade matching and settlement issues.

Other duties as assigned.

SUPERVISORY RESPONSIBILITIES : None

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED :

Undergraduate degree in Finance, Accounting, Economics, or equivalent preferred; progress toward CPA, CFP, CFA, CIMA, CAIA, and / or MBA.

Minimum of 3-5 years in the financial services industry.

Working knowledge of trade-related activities on stock exchanges and electronic trading systems.

Comprehensive knowledge of securities, trading characteristics, and price trends.

Solid understanding of financial concepts and financial modeling skills.

Detail oriented, ability to work in a fast-paced environment, strong and effective communication skills.

Proficiency in Moxy, APX, Factset, Fidelity Advisor Channel; knowledge of Charles River and Bloomberg preferred.

Knowledge of specialized trading systems, such as Charles River, ML Managed Solutions and Liberty Trust.

Comprehensive knowledge of Microsoft Office Suite, including but not limited to Excel, Word, Access, Outlook, PowerPoint, and CoPilot.

WORKING CONDITIONS :

Normal office environment with little exposure to dust, noise, temperature and the like.

Extended viewing of computer screens.

FS Equity Trader LOCATION Chapel Hill, North Carolina 27517

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.