Options Specialist and Equity Trader

This role has two functions: options management and equity trading. This person will be responsible for structuring, executing, and monitoring the firm's options strategies. Additionally, they will explain strategy rationale and risk and reward in plain language to advisors and clients, maintain accurate position records and supporting models, and cross-train with the team to provide depth and continuity across the organization. This person's equity trading role includes being part of Allworth's in-house equity team and will have discretion and decision-making authority related to trading and rebalancing modeled client portfolios. This involves exercising judgment on tax-aware gain and loss realization, cash deployment, and position trimming, within the equity team's framework.

Responsibilities

Understand, structure, and execute a range of options strategies, including covered calls, protective puts, collars, and spreads, in line with firm objectives and risk parameters; Monitor open positions and adjust or roll strategies as market conditions, expirations, and assignment risk warrant; Explain strategy rationale, mechanics, and risk and reward in plain language to advisors and clients; Maintain detailed and accurate trade records, position records, and supporting models in Excel; Confirm account-level eligibility prior to trading, including account type, option approval level, and any restrictions; Identify opportunities to bring additional options execution in-house and expand the team's strategy toolkit; Execute account-level rebalancing to target models, exercising judgment on tax-aware gain and loss realization and position trimming; Determine the best place to invest or raise cash according to the model, considering sector allocation and security selection; Review and approve tactical rebalances in the firm's portfolio management and rebalancing platform, supplementing with manual analysis where system logic falls short; Maintain account-level trading notes, restrictions, and goals with a high level of accuracy; Support onboarding of new accounts into flexible models, including documentation of tax budgets, restrictions, exclusions, and cash targets

Requirements

Three to seven years of experience with options strategies, including equity, index, or related derivatives; Ability to explain options strategies and their risk and reward clearly to a non-technical audience; Familiarity with multi-leg strategies such as collars, protective puts, and put spreads, and with the mechanics of exercise, assignment, and settlement; Ability to manage multiple concurrent priorities against expiration-driven and market-hours deadlines; Able to demonstrate judgment in trade decision-making, beyond order entry or rules-based execution; Understanding of tax-aware trading considerations, including gain and loss realization, cost basis, and wash sales; Ability to work independently while operating within team governance; Strong communication and collaboration skills, and comfortable working as part of a small, cross-trained team; Advanced Excel skills and strong attention to detail; Bachelor's degree in finance, economics, accounting, mathematics, or a related field, or equivalent work experience

Nice to have

Series 65 or equivalent licensing preferred, or the ability to obtain it

Benefits

Medical insurance (Blue Shield PPOs and HDHP with HSA, and Kaiser HMO plans for California associates); Dental insurance with MetLife; Vision insurance with VSP; Optional supplemental benefits; Healthcare savings accounts with company contribution; Flexible spending accounts; Flexible working arrangements; Generous 401K contributions; Flexible paid time off policy for exempt associates; 15 days of paid time off annually during the first three years for non-exempt associates; 11 paid holidays; Option to participate in the Equity Purchase Program; Future growth opportunities within the company