Management Associate, Portfolio Management

Overview:

The primary function of the Management Associate, Portfolio Management (Portfolio Construction) is to support a team of Portfolio Managers and Investment Specialists in the daily execution of investment related functions. The role is an integral component of the Team and will provide a broad landscape from which to learn the application of integrated wealth management across the organization. The position is intended for an individual with an interest in Portfolio Management, Portfolio Construction, and Relationship Management for Private Wealth clients. The scope of work requires synthesis of quantitative analytics and qualitative judgement, and the individual will need to be a dynamic, independent thinker who can proactively initiate projects without explicit directions.

Responsibilities:

Portfolio Management and Investment Strategy. Assist Portfolio Managers in the management of client portfolios. This includes analysis of asset allocation, portfolio construction, and strategy-specific investments to ensure that portfolios are aligned with the client’s wealth objectives and Glenmede’s best thinking. Synthesize data into observable messages around style/sector tilts, geographic concentrations, performance drivers, risk contribution, and company-specific information. Identify opportunities to improve management processes to increase efficiency and reduce the probability of errors. Actively participate in internal investment meetings, including the Investment Policy Committee (IPC) and manager/strategy updates by the Manager Research Group (MRG).

Relationship Management and Client Service. Proactively and independently communicate with colleagues and clients to address questions and identify/resolve issues. Respond to client requests or proactively identify potential issues in the normal course of business, 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. Prepare and maintain client related documentation in accordance with best practices. Develop a strong foundational understanding of wealth management topics including financial planning, fiduciary roles and responsibilities, and family dynamics.

Portfolio and Account Administration. Rebalance portfolios to align with Glenmede’s view on asset allocation and portfolio construction. 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, 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 to reduce firm-level risk and to ensure the employment of Portfolio Management best practices.

Advancement of Business Capabilities. Ability and willingness to contribute to the advancement of firm-wide initiatives. Current initiatives include expansion of investment opportunities, appropriate implementation of private investments, and investment related consulting projects for prospective and current clients.

Firm Building. 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.

Required Qualifications:

• Bachelor’s degree or equivalent experience required.
• Minimum of two to five years of experience in an investment environment with interest or progress toward CFA or CFP designations. Internship experience will be considered for exceptional candidates.
• Advanced knowledge of Microsoft Office and ability to adapt to investment and CRM-oriented IT applications (e.g., SalesForce, FactSet, Bloomberg, and Charles River).

Preferred Qualifications:

• 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 experience 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.

Glenmede is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: Glenmede is committed to the principle of equal employment opportunity for all employees and applicants and to providing employees with a work environment free of discrimination, retaliation, and harassment. All employment decisions, including hiring decisions, at Glenmede are based on business needs, job requirements and individual qualifications in full compliance with all local, state and federal laws prohibiting discrimination on the basis of any status protected by the laws or regulations in the locations where we operate. Glenmede will not tolerate discrimination or harassment based on any of these characteristics. 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.