Client Trading & Operations Associate
Business Overview:The Fraenkel Group has 15 members on the team. We follow a consistent approach to portfolio management that focuses on a rigorous decision-making process, buying industry leaders with strong management. Our goal is to deliver solid, long-term performance with a portfolio strategy that emphasizes conservation growth.Position Overview:We are looking for a portfolio/trading associate in our NYC office to join the Fraenkel Group.Primary Responsibilities:
Provide trading and administrative support for active portfolio manager and members of team
Responsible for entering Equity and Fixed Income trades in US and Global Markets into trade order management systems
Liaise with central trading desk regarding trade instructions
Allocate executed trades based on target portfolio weighting by PM
Responsible for portfolio holdings reports and portfolio analysis
Obtain and compile data from various sources for internal and external reporting
Process account openings/closings, transfers, and other client requests
Create, monitor, and update financial data reports
Prepare correspondence for internal and external clients
Daily review and maintenance of client accounts, including any administrative changes or cash/security movements and insufficient funds for scheduled remittances
Assist in the creation, coordination, and completion of client reporting
Interact with operations and middle office to resolve account discrepancies
Prepare materials for Account Reviews across different business lines
Perform ad hoc projects as needed
Experience & Qualifications:
Proficiency in Microsoft Office software (e.g. Word, Excel, PowerPoint, and Outlook)
Familiarity with Charles River, Aladdin, Salesforce, FactSet, and Bloomberg
Ability to prioritize and handle multiple tasks simultaneously in a fast-paced environment
Strong time management and organizational skills
Candidate needs to be team oriented and yet also be able to work independently with minimal guidance/supervision
Ability to take initiative and meet clear deadlines
Series 7 and 66 required (or willingness to attain shortly after start-date)
Detail oriented
Compensation DetailsThe salary range for this role is $80,000-$95,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com .Learn about the Applicant Privacy Notice (https://www.nb.com/en/global/disclosure-privacy-policy) .Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $439 billion in client assets (as of September 30, 2023) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.Tenured, stable and long-term in focus, the firm has built a diverse team—including 700-plus investment professionals and more than 2,700 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.For important disclosures: http://www.nb.com/linkedin