Managed Account Trader/Administrator

Glenmede Trust Co•Philadelphia, PA

2d•Hybrid

About The Position

Glenmede has been a trusted partner for private wealth, endowment & foundation, and investment management clients for over 65 years, emphasizing client focus and innovation. The company fosters a team-oriented environment that encourages continuous career growth and development. Glenmede Investment Management focuses on exceeding client expectations through a consistent approach to active management, expert access, and excellent service, utilizing insights, rigor, and discipline to develop differentiated strategies. This position operates in a hybrid work environment, requiring 3 days per week in the Philadelphia, PA office. The primary function of the Managed Account Trader is the trading and administration of SMA and UMA relationships at GIM. Additionally, this person will back up Institutional Desk traders as needed.

Requirements

Bachelor’s degree.
4+ years trading and administration experience on Tegra/Fiserv APL.
2+ years back office experience related to SMA/UMA relationships.

Nice To Haves

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.

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 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.