Associate - Institutional Consulting

Position Summary:  

The Operations Associate role will report to the Director Operations supporting the operations group in the daily administration and trading of discretionary and non-discretionary client accounts and general operational functions and administration. The individual in the role will be expected to be proactive and work in a collaborative team environment.

Primary Responsibilities 

• Data integrity functions (beginning of day process):

• • Updating security prices for discretionary positions with the Order Management System (OMS)

• • Confirming start-of-day positions

• • Reconciliation of assets between the OMS and custodial platforms

• • • Run beginning of day reconciliation processes

• • • Reconciling and confirming cash balances

• • • Researching position breaks with daily position and cash reconciliation and other discrepancies. Determine the cause of the break and method of correction

• • Sending daily cash reports to the portfolio management team as needed

• Drafting/reviewing trade directives and cash transfer directives, including wire directives, for executing transactions and money movements for discretionary and non-discretionary accounts

• Completing manager subscription and funding documents for discretionary client’s investment into fund accounts

• Work directly with the technology platforms for discretionary accounts. This includes the OMS, custodial platforms, and other systems as needed.

• Provide input on the continued development and process improvement of all facets of the discretionary account offering, including ways to better utilize current technology and integrate new systems into the current process

• Trade reconciliation:

• • Send end of day trading file to the custodian(s) for settlement

• • Submit trade allocation file to the broker(s)

• • • Confirm all trades settled correctly on settlement date

• Non-discretionary support:

• • Review of consultant generated trade packet material for accuracy. Sending trade packet material to appropriate parties for execution.

• • Provide specific manager funding and operational support to consultant teams.

• Operational Due Diligence (ODD) reviews:

• • Write the initial assessment of a manager review in the ODD process
  • Gather documentation for the review

• • Follow up with the manager as needed

• • Review and monitor the Firm’s ODD process to identify possible areas of improvement and steps to implement improvements

Required Qualifications: 

• Bachelor’s Degree

• Minimum of 1-3 years related work experience in investment operations and/or a trading group (Relevant internship experience will be considered)

• Proficiency in Microsoft Office Suite, Adobe Acrobat, and Smartsheet

• Experience with Bloomberg AIM and Compliance modules

Skills and Competencies: 

• Organization, Prioritization & Time Management

• Analytical Thinking & Creative Problem Solving

• Judgment, Accuracy & Process Orientation

• Accountability, Credibility & Dependability

• Team Orientation & Courteous/Helpful Communication

• Initiative & Efficiency

Compensation Range:

$90,000 - $105,000

Why Cerity Partners:

Our people drive our success by working together to deliver exceptional service to our clients. Below is a glimpse of the key elements of our total rewards package:

• Health, dental, and vision insurance – day 1!

• 401(k) savings and investment plan options with 4% match

• Flexible PTO policy

• Parental Leave

• Financial assistance for advanced education and professional designations

• Opportunity to give back time to local communities

• Commuter benefits

Cerity Partners is committed to providing an environment where all individuals can be their authentic selves. We are an Equal Opportunity Employer who respects each individual and supports the diverse cultures, perspectives, and experiences of our colleagues. We are dedicated to building an inclusive and diverse workforce and will not discriminate based on race, religion, national origin, sex, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.

Cerity Partners is committed to working with and providing accommodations to applicants with disabilities or special needs. For those needing accommodations, please reach out to careers@ceritypartners.com. Applicants must be authorized to work for any employer in the U.S.

Why work here?

Ultimately, outstanding wealth management is about people and relationships. Our people are the nucleus of Cerity Partners. Each colleague brings unique expertise, commitment and knowledge to the firm and it is by working together that we achieve our mission to have a positive impact on the financial well-being of our clients, colleagues and communities. Our people drive our success by working together to deliver exceptional service to our clients. We truly care about what we do.

About Us

Cerity Partners is one of the nation’s leading independent financial advisory firms. We serve high-net-worth individuals & their families, businesses, & their employees, and nonprofit organizations from our offices across the country. Our in-house specialists of tax advisors, financial planners, investment professionals, & retirement plan consultants are passionate about and committed to providing financial advice & oversight.

At Cerity Partners, we believe in the long view. We work with clients who appreciate our comprehensive and sustained approach to wealth management. We don’t just look for short-term gains, we seek long-term growth.

We have the same approach to our people. We look for experienced and credentialed wealth management colleagues who can keep pace with us. We manage over $190 billion in assets under management for our clients. We are routinely recognized as a Top RIA Firm by Barron’s Advisor, Newsweek, USA Today, and more.

The driving factor of our accelerated growth is our people. Located throughout the U.S., our teams consist of specialists who are helpful, knowledgeable, sincere, and have the perseverance and capability to go the extra mile for our clients. We consider our firm a community that works together to serve one common goal: Finding diverse solutions to suit diverse financial needs.