MANAGING DIRECTOR, HEAD OF TRADING

About Cresset

Cresset is an award-winning, independent, multi-family office, and private investment firm. Cresset’s goal is to reinvent the way people experience wealth by providing access to the talent, ideas, and investment opportunities available to the largest single-family offices and endowments. We offer deeply personalized wealth management, investment advisory, and family office services through Cresset Asset Management, an SEC-registered investment advisor that has surpassed $50 billion in assets under management. The firm is widely recognized for its excellence and is frequently ranked as a Barron’s and Forbes top RIA firm.

The Managing Director, Head of Trading, will oversee the daily operations of the trading department at Cresset.  This role requires a deep understanding of the financial markets, trading processes, regulatory compliance, and technology platforms. The individual will be responsible for managing a central trading team, ensuring the accuracy and efficiency of trade execution, settlement, and reconciliation processes, driving continuous improvement initiatives to optimize operational workflows, and ownership of trading policies. This role will also lead Cresset’s efforts to improve portfolio implementation in support of our advisors. This role is critical to ensuring the firm’s trading activities are executed smoothly and in compliance with all relevant regulations.

In addition to the day-to-day responsibilities depicted above, Cresset is embarking on a build out of new trading systems and processes. This role will play an integral part in shaping the new platform and driving adoption across the firm.

Key Responsibilities:

• Leadership & Management:
  • Lead and manage the trade operations team, providing guidance, training, and development opportunities.
  • Lead and manage platform to support advisor-led trading and portfolio implementation capabilities.
  • Effectively allocate resources and cross train team on operational functions to ensure redundancies and adequate coverage.
  • Foster a collaborative team environment focused on achieving high performance and continuous improvement.
  • Establish and maintain strong relationships with internal stakeholders, including advisors and advisor practice management, investments, operations, compliance, and technology.
• Trade Execution & Processing:
  • Oversee the execution of all trades, ensuring timely and accurate trade entry, allocation, and confirmation processes.
  • Monitor and manage the settlement of trades across various asset classes including equities, fixed income, and derivatives.
  • Implement and maintain best practices for trade execution to minimize errors and operational risk for central trading team and for distributed trading activities with advisor teams.
  • Oversee the correction of trade issues, including errors, allocation or settlement issues and initiating trade corrections as needed to minimize market risk.
• Compliance & Risk Management:
  • Ensure all trading activities follow regulatory requirements and internal policies.
  • Identify, assess, and mitigate operational risks within the trading process.
  • Own and update trade related policies.