CAREERS
Canal Capital Management is an independent registered investment advisor (RIA) located in Richmond, Va. We provide objective investment, tax, business advisory, real estate and financial advice. Our client base consists of successful high net worth families and institutions. We have been recognized locally as one of the fastest growing firms in Richmond and nationally as one of the fastest growing investment firms in the county. Our principals are mostly age 40 and under. We have a culture that works extremely hard in a fun, sleek and collaborative work environment.
OPENING
Operations Associate
OPERATIONS ASSOCIATE
Canal Capital Management, a registered investment advisor managing $1.3 billion in assets, is seeking an experienced trader to join our team in Richmond, Virginia.
Position Overview
We are looking for a seasoned operations professional that is capable of performing multiple functions, including trading, account maintenance and compliance. The ideal candidate will combine technical expertise with strong analytical skills to support our continued growth and commitment to client success.
Trading Responsibilities
- Execute trades across multiple investments for individual client portfolios while ensuring best execution and maintaining detailed documentation
- Monitor and rebalance portfolios to maintain target allocations and implement investment strategies
- Conduct comprehensive stock research and analysis to support investment decisions
- Perform daily reconciliation of trades and maintain accurate records of all trading activities
- Assist in developing and implementing trading strategies across the firm
- Monitor market conditions and identify trading opportunities
- Ensure compliance with all regulatory requirements and firm policies
- Collaborate with portfolio managers to optimize trading efficiency
- Prepare regular trading reports and performance analytics
Account Maintenance Responsibilities
- Perform daily reconciliation and coding of all transactions from prior day
- Maintain accounting and performance for the firm’s alternative investments
- Maintain data aggregation credential for the firm’s account aggregation software
- Maintain and generate quarterly reports
- Establish new accounts and securities in the firm’s portfolio accounting software
- Assist Chief Compliance Officer in a variety of functions
Required Qualifications
- Bachelor’s degree in finance, Economics, or related field
- Minimum of 3-5 years of trading experience, preferably at an RIA or similar financial institution
- Series 65
- Proficient in trading platforms and financial software
- Strong understanding of financial markets and various asset classes
- Excellent analytical and quantitative skills
- Demonstrated ability to work in a fast-paced environment
- Superior attention to detail and organizational skills
Preferred Qualifications
- Experience with portfolio management software
- Knowledge of risk management principles
- Understanding of trade execution strategies
Personal Qualities
- Strong communication skills and ability to work within a team
- Self-motivated with excellent time management skills
- Professional demeanor and ethical approach to business
- Ability to maintain composure under pressure
- Strong problem-solving abilities
Benefits
- Competitive salary and bonus structure
- Comprehensive health insurance (Company covers 100% for employees)
- Health Savings Account
- 401(k) with company match
- Professional development opportunities
- Paid time off and holidays
Join a growing firm where you’ll have the opportunity to make a meaningful impact on clients’ financial lives while developing your professional expertise.