Management Associate, Portfolio Management

Glenmede Trust Co•Philadelphia, PA

6h•Hybrid

About The Position

The Management Associate position is intended for an individual with an interest in portfolio management, construction and implementation for private clients. This role is an integral component of the relationship team and will provide a broad landscape from which to learn the application of holistic, goals-based wealth and investment management. The primary function of the Management Associate is to support a team of Relationship Managers, Portfolio Managers and investment specialists in the daily execution of portfolio management responsibilities and the respective daily client service requirements.

Requirements

Bachelor’s degree.
0-5 years of experience in an investment environment.

Nice To Haves

Interest in or progress toward CFA or CFP designations is preferred.
Advanced knowledge of Microsoft Office and ability to adapt to investment and CRM-oriented IT applications.
Superior team orientation.
Self-starter with a great deal of initiative.
Excellent written and verbal communication skills.
Full understanding of client privacy and confidentiality.
Proven competence in the following: ability to work well under pressure; detail-oriented, particularly with financial calculations; organizational and problem-solving skills; ability to multi-task and prioritize work.

Responsibilities

Assist Portfolio Managers in the management of client portfolios, including analysis of asset allocation, portfolio construction, and strategy-specific investments to ensure alignment with client objectives, investment policy guidelines, and Glenmede’s best thinking.
Analyze asset-specific data to formulate perspectives around asset allocation, portfolio construction, and strategy specific investments, synthesizing data into observable messages around style/sector tilts, geographic concentrations, performance drivers, risk contribution, and company-specific information.
Actively participate in internal investment meetings, including morning update, Investment Policy Committee (IPC), and manager/strategy updates by the Manager Research Group (MRG).
Proactively and independently handle routine to moderately complex client inquiries as part of the relationship management team.
Respond to client requests or proactively identify potential issues, undertake research or take needed action to resolve (with guidance from senior officers where appropriate) and keep all relevant parties informed.
Cover situations that arise when other team members are out of the office.
Act as initial point of contact for client and internal communications, manage information flow, prioritize needs, assist with and draft communications, as required.
Participate in client meetings and conference calls, as requested.
Assist relationship management team in maintaining client information and communications in the client relationship management (CRM) system.
Develop a strong foundational understanding of wealth management topics including financial, estate and income tax planning.
Review daily reports (e.g., transaction, overdraft, bond maturity) for possible investment implications.
Assist in preparation of presentation materials for client meetings.
Coordinate with wealth planning, wealth advisory, tax, or other departments to ensure deadlines are met.
Develop an understanding of middle and back office functions and processes and how they apply to data and systems used in the management of portfolios.
Assist with firm compliance and regulatory reviews.
Attend Glenmede sponsored events as requested.
Active engagement in department-specific and firm-wide initiatives in order to expand capabilities, create solutions to unmet business needs, improve client 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.