About Cresset
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset Capital Management with a vision to reinvent wealth management and with a firm belief that clients deserve better. Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning, and other services through Cresset Asset Management, an SEC registered Investment Advisor, which has surpassed $40 billion in assets under management. Cresset Partners, our private investing group, offers clients direct access to real estate, private equity, and other investment opportunities. Since Cresset’s inception in 2017, the firm has grown to over 450 team members in more than twenty offices throughout the United States.
Our company is actively seeking an Associate, Investment Operations & Trading, who will be a key member of the Investment Operations & Trading team. One of the many services that Cresset provides involves managing portfolios for individuals/families and their related businesses or charitable entities. Experience in wealth management with portfolio rebalancing systems is preferred.
Responsibilities include:
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Investment Operations Support
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Develop an understanding of the firm’s investment platform and portfolio management/trading tools
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Collaborate with team members on key initiatives, ad hoc projects or other efforts at both department and firm level
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Utilize technological skills to ensure accuracy, problem solve, drive operational efficiency, and elevate client value
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Assist with department controls and compliance reporting
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Assist in troubleshooting platform issues as needed
- Assist with data management of trading and rebalancing platform, and related technology, including PowerBI dashboards
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Trading
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Evaluate and compare yields and other characteristics of available money market and mutual funds to develop recommendations in support of overall cash management strategies for client portfolios
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Accurate and timely execution of client trades, primarily for mutual funds and money market funds. Responsibilities may expand to include fixed income, equities, etc. over time.
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Post-trade reconciliation to identify and resolve discrepancies in a timely manner.
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Assistance in troubleshooting trade issues, such as allocation or settlement issues and trade corrections as needed
It is critical that the Associate, Investment Operations & Trading possess strong communication skills, be self-motivated, comfortable juggling multiple tasks and priorities, capable of working in a dynamic, fast-paced environment and is eager to foster and deepen relationships in order for Cresset to best serve its clients and continue to grow as successfully as it has since its inception.
Qualifications:
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Bachelor's degree required in Business, Finance, or related field
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1-2 years of experience in wealth management preferred
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Experience trading mutual funds or money market funds a plus
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Extremely high attention to detail & analytical thinker with the ability to perform tasks with a high degree of accuracy and efficiency
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Exceptional organizational and time management skills
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Demonstrated passion for delivering exceptional client service
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Excellent communication skills, both written and oral
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Strong math skills
- Strong focus on continuous process improvement, including innovating, adopting, and leading best practices
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Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint and Outlook)
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Strong computer skills, specifically Microsoft Excel advanced functions including Pivot Tables, vLookups, etc.,
- Experience with Power BI a plus
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Experience with Addepar, RedBlack, or Salesforce a plus
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Ability to learn and adapt to new technology
- Cultivate a strong investment and wealth management knowledge base
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Strong team player willing to develop and maintain collaborative relationships internally and externally with custodian partners and technology vendors
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Ability to exercise judgment in managing confidential or sensitive information
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Comply with all client, firm, and regulatory requirements
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High degree of professionalism and flexibility and able to perform successfully in a service-oriented, fast-paced, high-growth and frequently changing environment and aligned with Cresset’s values and culture
What We Offer
At Cresset, we focus on people first. As a service business, our people are our assets. Engaging our clients and employees is our highest priority. As such, Cresset offers a competitive compensation package including an annual incentive and a benefits package to all full-time employees including medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long-term disability insurance, voluntary critical and accident insurance, and pre-tax parking and transportation programs. Aligning employee and organizational interests, all employees receive equity in Cresset.
Equal Employment Opportunity
It is the policy of Cresset to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, color, religion, sex, pregnancy (including childbirth, lactation, or related conditions), national origin or ancestry, age, disability, veteran status, uniformed servicemember status, sexual orientation, gender identity, status as a parent, genetic information (including testing and characteristics), or any other characteristic protected by applicable federal, state, or local law. It is Cresset’s policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.