Established in 1818 in Philadelphia, Pennsylvania, Brown Brothers Harriman helps protect its clients’ financial well-being, and to grow their assets for a long time. Strategic investments and creative business decisions have revolutionized BBH from pioneers in merchant banking and transatlantic trade to a globally integrated financial services company. The company houses a closely knitted team of 6,000+ employees that operates in 17 locations across Europe, North America, and Asia. The perspective and know-how of every employee working at BBH counts. The company has a flat organizational structure and fosters a collaborative work environment. For BBH every employee is essential to its success, therefore, the company puts its best efforts into providing a platform where the team openly shares their ideas. The team is committed to being the most valued, trusted, and differentiated partner to each client it serves. BBH has been recognized on the 2020 Best Practices Inclusion Index as one of the Best Place to Work.
CAT Specialist II At Brown Brothers Harriman, we believe no job is too big or small for any of us to handle if it helps our clients. We value passionate, committed people who enjoy collaborating with others to find new solutions to complex business challenges. We are looking for the type of person who speaks their mind, truly listens and steps outside their role to add value wherever they can. Someone who is driven to get things done and views obstacles as an exciting challenge that demands a creative solution. Above all, we seek someone who takes great pride in their work and is inspired and motivated by their role in protecting and enhancing our client’s financial well-being.If you are looking for an entrepreneurial environment where you can learn and thrive, Brown Brothers Harriman is the right place for youJoin us as a CAT Specialist II Brown Brothers Harriman is currently recruiting CAT Specialist II to join our Private Banking team. In this role you will be responsible for the implementation of recommended investment strategies in client portfolios. This position assists in managing clients’ assets including cash, equities, fixed income, and private investments while acting as a liaison with the relationship managers regarding these investments. The CAT Specialist II implements investment programs approved by the CORE portfolio manager(s) or the Investment Research Group (IRG). Trades are sized and pre-trade compliance is performed before sending to Investment Management for execution. Post trade reviews and controls are also performed to ensure the accuracy of both the individual trade and the overall portfolio in relation to the accounts Investment Policy Statement or IPS. The CAT team is also responsible for one off trades, both client and RM directed, as well as specialty trades such as control persons trades directed by insiders or control persons of publicly traded corporations. The CAT team is also responsible for implementing tax strategies such as annual tax loss harvesting across RM Teams and/or entire offices.Some of your key responsibilities include: Core Strategy Related Trading:Implementing the Core Strategy across all accounts coded for the BBH Core Select SMA strategy in all centralized accounts as well as CORRES accounts that require some level of hand holding and cannot trade with the more automated CORE blockOption trading:Coordinate with Parametric (PRA) our option execution advisor.Maintain the PRA index file and respond to PRA regarding prior day trading activity related to underlying PRA positions.RM or Client directed trading:Manage and invest discretionary cash from subscriptions and redemptions, new cash or withdrawals of cash, and changes in investment policy statements. Rebalancing trades:Trade accounts to keep them in line with the account’s investment policy statement in a tax efficient and prudent manner.Rebalancing is an important way to reduce risk within the portfolio.Control Person Trading:Follow an extensive matrix of procedures to determine the appropriate way to handle different control person scenarios. Ensure all trade fills are provided and that the appropriate legal and regulatory forms are provided to the SEC.Qualifications:BA or Equivalent2+ years of experienceExcel, PowerPoint and Charles River experience, a plusWhat We Offer:A collaborative environment that enables you to step outside your role to add value wherever you canDirect access to clients, information and experts across all business areas around the worldOpportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firmA culture of inclusion that values each employee’s unique perspectiveHigh-quality benefits program emphasizing good health, financial security, and peace of mindRewarding work with the flexibility to enjoy personal and family experiences at every career stageVolunteer opportunities to give back to your community and help transform the lives of others#LIPOSTWe are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.Full timeNew YorkFull time