Trade Operations Specialist
- Type:
- Full Time
- Location(s):
- Minneapolis, MN 55402, United States
- 80 South 8th Street, Minneapolis, MN 55402, United States
- Date Posted:
- Salary:
- Base Pay Range: $85,000/yr - $100,000/yr
- Job Posting End Date:
- 2025-06-23-07:00
- Job ID:
- R250200364
As the Trading Operations Specialist, you will be a key member of the operations and investment teams supporting trade processes, data management, client reporting and portfolio management analytics. Responsibilities include trade calculation and allocation, cash management and program trading, strategy level and client specific guideline management, tax lot assessments and ETF trading processes. This role is primarily responsible for providing support to traders and portfolio managers.
Key Responsibilities and Duties
- Calculate and allocate trades, maintain client accounts in line with the model account and within client and strategy guidelines, manage client restrictions and proxy positions to ensure all accounts are in compliance and fully invested, ensure trade allocations are accurately entered within all necessary systems and reconciled daily across multiple strategies, control data within various systems to ensure integrity to minimize operational risk.
- Perform daily cash/trade monitoring, account for expected and intraday cash notifications, raise and invest cash as requested by clients, execute program trades as needed
- Validate information in databases including trades, prices and dividends, review data imports from external sources for accuracy, work with multiple sources to ensure accuracy in systems and timely resolution of issues
- Manage commission budget and document all changes, reconcile commissions daily to ensure completeness and accuracy of posted transactions, track and reconcile all soft dollar / CSA trades daily, manage all soft dollar invoices and payments
- Maintain all ETF accounts in line with models, create proxy basket daily for semi-transparent ETF Process creation and redemption orders, reconcile daily, perform tax lot assessments and initiate tax advantaged in-kind processes, manage relationships with Authorized Participants, Custodians and third parties
- Responsible for trade aggregation and trade related reporting, provide commission related reports including soft dollar and client direction, respond timely to data requests
Educational Requirements
- University (Degree) Preferred
Work Experience
- 2+ Years Required; 3+ Years Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
6IC
Company Overview
Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today we’re a market-leading retirement company fueled by world-class asset management. But we’re not just another legacy financial services firm. We’re fighting harder than ever before for our clients and the many Americans who need us.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being.
To learn more about your benefits, please review our Benefits Summary.
Equal Opportunity
We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Read more about your rights and view government notices here.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application, please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
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We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Read more about your rights and view government notices here.