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Executes stock trades within area guidelines. Ensures that each trade is handled equitably and settled properly. Monitors securities prices and communicates them to portfolio managers when necessary. Conducts trading
Executes stock trades with minimal market impact.
Executes convertible preferred stock and bond trades with minimal market impact.
Ensures that trade orders are executed fairly and equitably (e.g. prompt execution without bias toward originating source).
Apprises portfolio managers and other appropriate parties of relevant information affecting securities prices (e.g. trading volume, etc.).
Ensures that trades settle properly.
Records trades executed and, when appropriate or necessary, reports execution to portfolio managers.
Maintains daily broker contact to conduct equity trading. 8. Maintains and records broker commission dollars.
Responds to client and partner inquiries as needed.
When relevant, updates electronic worksheets to determine when trading is necessary for structured execution strategies.
Executes and reports on calendar spread trading, liquidations, portfolio trades, large single stock trades, and derivative trades.
Ensures that appropriate enabling documentation is in file and that appropriate procedures and conventions (i.e., levels of collateral etc.) are followed.
1-3 years of experience within the trading process in a fiduciary environment; participation in Chartered Financial Analyst (CFA) program preferred.
Knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment and relevant securities laws, usually acquired through on the job experience or completion of a four year degree, to ensure proper trade execution.
Knowledge of the context in which trading activity occurs (i.e., favorable and unfavorable effects of various transactions on stock price, etc.), acquired through work experience, to execute trades with minimal market impact.
Ability to respond to market events and make quick decisions.
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of March 31, 2017, Northern Trust Corporation had:
$121 billion in banking assets
$7.1 trillion in assets under custody
$8.9 trillion in assets under custody/administration