IMG Trading Operations Analyst at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, Investment ManagementIndustries

Requirements

Bachelor’s Degree required
1–3 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

Responsibilities

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
Compile soft dollar contracts under direction of manager
Reconcile broker statements
Monitor best execution
Receive investment model updates and changes from internal and external strategy teams and execute across institutional and personal trust accounts
Manage 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
Reconcile 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
Responsible for trade and portfolio administration, including tracking and reporting Equity Trading performance and Soft Dollar and research broker budget
Maintain the equity modeling program and rebalance 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

Skills

Key technologies and capabilities for this role

Equity TradingPortfolio AdministrationTrade TrackingReportingSoft Dollar ManagementResearch Broker ReportingBroker Statement ReconciliationBest Execution MonitoringEquity ModelingModel RebalancingInvestment Management SoftwareRisk ManagementComplianceProject ManagementData Analysis

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time employment opportunity.

What is the work arrangement or location for this role?

This information is not specified in the job description.

What key skills are required for the IMG Trading Operations Analyst role?

Key skills include trade and portfolio administration, soft dollar and research broker reporting, equity modeling, risk management, and proficiency with investment management software.

What is the company culture like at Fifth Third Bank?

The culture emphasizes accountability for risk, openly exchanging ideas, elevating concerns, following policies, and always doing the right thing for customers and colleagues to drive a positive customer experience while operating within the Bank's risk appetite.

What makes a strong candidate for this position?

Strong candidates have experience in managing high-volume, high-transaction, high-risk systems, working with internal and external teams on projects, and handling equity modeling, rebalancing, and investment software maintenance.

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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