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:Managed Account Administrator- 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.
Managed Account Trader- 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.
Reporting and Reconciliation- Update monthly AUM report.
- Perform monthly reconciliation of UMA-Overlay models.
Firm Building- 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!
#LI-Hybrid
