Private Wealth Management Associate - Portfolio Management
Job Title: Management Associate, Portfolio 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. The 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 Management Associate position is intended for an individual with an interest in portfolio management, construction, and implementation for private clients.
1. Portfolio Management and Investments. 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. Analyze asset-specific data to formulate perspectives around asset allocation, portfolio construction, and strategy specific investments. Synthesize 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).
2. Relationship Management and Client Service. Proactively and independently handle certain moderately complex client (internal and/or external clients) inquiries as part of RM team. 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 the initial point of contact for the 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, estate and income tax planning.
3. Portfolio and Account Administration. 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 as a means to reduce firm-level risk and the employment of portfolio management best practices.
4. 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. Other duties as required by the position.
- Bachelor’s degree or equivalent experience required.
- Up to five years of experience in an investment environment with interest or progress toward CFA or CFP designations.
- Advanced knowledge of Microsoft Office and the 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.
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 to providing employees with a work environment free of discrimination and harassment. All employment decisions at Glenmede are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, family medical history (including pregnancy) or genetic information, family or parental status, or any other 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.