Managed Account Trader/Administrator
Job Description
Empowering Financial Futures.
For more than 65 years, Glenmede’s independent ownership, innovation and unwavering commitment to our clients have made us a trusted partner for private wealth, endowment & foundation, and investment management clients.
Our people are invaluable. Through a team-oriented environment, your knowledge, expertise and varied backgrounds contribute to thoughtful innovation. Our culture fosters opportunities for continuous career growth and development in all areas of the organization. Working at Glenmede, you will experience the infrastructure and resources of a large firm combined with the client and employee focus of an independently owned boutique.
Glenmede Investment Management: Exceeding client expectations through our consistent approach to active management, unparalleled access to our team of experts and excellent service.
Our professionals are dedicated to outperforming our clients’ expectations. Going above and beyond is our imperative. We work to keep clients a step ahead in today’s markets by consistently using our insights, rigor and discipline to develop differentiated strategies — even if it means taking a new path when others are headed in a different direction.
This position will operate in a hybrid work environment, 3 days per week in the office (Philadelphia, PA).
OVERVIEW:
The primary function of the Managed Account Trader is the trading and administration of the SMA and UMA relationships at GIM. In addition, this person will be required to back-up the Institutional Desk traders as required.
RESPONSIBILITIES:
- Monitor and direct trade rotation pursuant to GIM’s trade rotation policy.
- Assist Sales team in responding to account inquiries as needed.
- Perform tax harvesting in accounts when requested.
- Assist in Proxy administration. Monitor SMA/UMA relationships.
- Execute the trades for SMA accounts on APL Report trades to the UMA-Overlay relationships.
- Monitor trade/account reconciliation reports for GIM and sponsor relationships on a regular basis.
- Execute trades for new or terminating accounts and any cash flows using approved models.
- Update monthly AUM report.
- Perform monthly reconciliation of UMA-Overlay models.
- Active engagement in department-specific and firm-wide initiatives to expand capabilities, create solutions to unmet business needs, improve user experience, or develop more efficient processes.
- Ability and willingness to contribute to the advancement of team, office, and business capabilities.
- Other duties as required by the position.
REQUIRED QUALIFICATIONS:
- Bachelor’s degree.
- 4+ years trading and administration experience on Tegra/Fiserv APL.
- 2+ years back office experience related to SMA/UMA relationships.
PREFERRED QUALIFICATIONS:
- Ability to deal effectively with clients and other external constituencies.
- Must possess analytical skills and show great attention to detail.
- Command of CRD, Tegra/Fiserv APL, Bloomberg, Microsoft Excel required and ability to adapt to related applications.
- Excellent math and audit skills.
- Strong organizational and negotiation skills.
- Demonstrated oral and written communication skills.
- Ability to operate effectively under pressure.
Headquartered in Philadelphia, PA, Glenmede has 9 office locations in the US. For further information, please visit http://www.glenmede.com.
Our Benefits Overview:
-Competitive health and welfare benefits, including company HSA contributions
-Numerous voluntary benefit choices available
-Superior 401k match
-Tuition reimbursement
-Company subsidized commuter benefits
-Generous paid time off, including parental leave
-Plus more!
Glenmede is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to any legally protected characteristics. To learn more about Glenmede’s policy on equal employment opportunity, please visit https://www.glenmede.com/equal-opportunity-employer/.
** We are not seeking agency assistance with this role. No agencies, third parties, or phone calls, please. Glenmede is not accepting unsolicited resumes from search firms. All resumes submitted by search firms to any employee at Glenmede via-email, the Internet, or directly without a valid written search agreement will be deemed the sole property of Glenmede, and no fee will be paid in the event the candidate is hired by Glenmede.
#LI-Hybrid