Description
Summary
The Mutual Funds Trade Support Operations Associate is responsible for a variety of the department's administrative functions while having gained a solid understanding of the firm's mutual fund offerings, the systems used to trade them and how they relate to the overall Mutual Funds Trade Support team responsibilities.
Essential Duties & Responsibilities
- Monitor mutual fund orders to ensure they comply with individual fund and company policies.
- Review previous day's front-end load purchases for proper pricing and sales charge waivers.
- Review previous day's trades for NAV Repurchase/Transfer opportunities.
- Process trade corrections for previous day's front-end load purchases and NAV Repurchase/Transfers as needed.
- Provide CDSC hypothetical calculations.
- Review previous day's systematic purchases/withdrawals for proper set up including but not limited to order type, cdsc waivers, and share class.
- Assist branch personnel with inquiries regarding orders and corrections and provide clear and concise. communication both verbal and written with Financial Advisors, branch personnel, and vendors.
Qualifications
- Demonstrates the ability to work collaboratively.
- Ability to attain understanding of rules/regulations and Stifel policies that pertain to the Operations Mutual Funds department.
- Able to organize and manage priorities and tasks in order to meet assigned deadlines and accomplish goals that are created by work volume changes and inquiries.
Education & Experience
- Minimum Required: High School Diploma or equivalent.
- Minimum Required: 1+ years' business related experience.
Systems & Technology
- Proficient in Microsoft Excel, Word, PowerPoint, Outlook.
About Stifel
Stifel is a more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let's talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.
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