PGIM Custom Harvest - Director, Equity SMA Portfolio Trader

Prudential Financial • Newark, NJ

5d • Onsite

About The Position

PGIM Custom Harvest, a division of PGIM Global Wealth, is a pioneer in the development of tax-beneficial investment strategies using exchange-traded funds (ETFs) for clients seeking improved after-tax outcomes. We provide full exposure to a client-selected benchmark while generating tax alpha through customized SMA portfolios of ETFs. PGIM Custom Harvest manages $7.1 billion on behalf of a wide range of RIAs and wealth managers.

We are seeking a highly analytical and detail-oriented Equity SMA Portfolio Administrator / Trader to support the management and execution of tax managed Separately Managed Account (SMA) strategies. This role focuses on trade execution, portfolio implementation, and the integration of algorithmic trading within a controlled risk and compliance framework. The ideal candidate will have experience in equity trading, order management systems, and tax-aware portfolio management, with a strong understanding of market structure and operational workflows.

Requirements

• Experience in equity trading, SMA management, or quantitative trading environments
• Experience with algorithmic trading or systematic strategies
• Exposure to tax-aware portfolio management (e.g., tax-loss harvesting)
• Understanding of multi-account trading and portfolio replication techniques
• Familiarity with trade lifecycle processes (pre-trade, execution, post-trade)
• Familiarity with order management systems (e.g., Charles River, or similar)
• Strong understanding of market structure, execution strategies, and portfolio construction
• Knowledge of compliance frameworks and risk management practices
• Proficiency in data analysis and tools such as Excel; experience with Python or SQL is a plus
• Progress toward or completion of industry certifications such as CFA, Series licenses, or ACAMS/CTMA
• Bachelor’s degree in Finance, Economics, Mathematics, or a related field

Responsibilities

• Execute equity trades across SMA portfolios in alignment with model strategies and client mandates
• Execute and manage short equity trades, including coordination of borrow availability and awareness of financing costs
• Utilize and manage order management systems (OMS) and trading platforms to ensure efficient execution
• Support and enhance algorithmic trading strategies to optimize execution quality and minimize market impact
• Monitor portfolios for rebalancing, tax-loss harvesting opportunities, and drift management
• Monitor and manage short positions for recalls, buy-ins, and margin requirements
• Partner with portfolio managers to implement trades based on model updates and market conditions
• Ensure adherence to compliance guidelines and risk management protocols, including short sale regulations (e.g., Reg SHO)
• Perform trade reconciliation and post-trade analysis, including evaluation of execution quality, slippage, and borrow cost impact
• Collaborate with operations and technology teams to improve trading workflows and system integration
• Maintain detailed records of trades and decisions to support audit and reporting requirements

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service

What This Job Offers

• Job Type: Full-time
• Career Level: Director