Founded in 1956 by the Pew family to manage their charitable assets, Glenmede is among the nation’s leading investment and wealth management firms. The company oversees $41.6 billion of assets under management (as of 9/30/2023), for high-net-worth individuals, families, family offices, endowment, foundation and institutional clients. Headquartered in Philadelphia, the firm has offices in Delaware, Florida, New Jersey, New York, Ohio, Pittsburgh and Washington, DC. The Endowment and Foundation (E&F) investment team is responsible for over $10 billion in assets: approximately $6 billion for the Pew Charitable Trusts and $4 billion in E&F OCIO portfolios. Private Investments, an integral team within E&F investments, manages approximately $2.5 billion in assets across our E&F and Private Wealth clients. The investment team has decades of experience investing with fund managers across all asset classes, including public equities, fixed income, hedge funds, buyouts, and venture capital. In addition to fund investing, the team also co-invests directly in companies and purchases assets in the secondary market.
The Investment Management Services Associate is a key member of the Investment Management Services (IMS) team at Glenmede. This dedicated group within Platform Solutions supports client service, trading, and investment teams in areas such as trade support, separately managed account (SMA) operations, private investment onboarding, account reconciliation, and banking services. The IMS team leverages process expertise to reduce risk, improve the client experience, and enhance Glenmede’s efficiency and effectiveness. This role requires a high-performing individual with strong quantitative, analytical, communication, and collaboration skills, as well as a continuous improvement mindset.
RESPONSIBILITIES:
- Investor Services for Private Investments. Facilitate the private investment process for clients and Relationship Management Teams by coordinating with stakeholders across Glenmede. Prepare private investment subscription packages using a third-party vendor, facilitate client review and execution of subscription documents, track and resolve KYC refreshes, and manage investor action items throughout the private investment lifecycle.
- SMA Operations. Coordinate daily operations for Glenmede’s separately managed accounts program. Collaborate with investment and relationship management teams to facilitate client portfolio investments in SMA strategies and onboard new external strategies. Perform control tasks to ensure all workflows are completed accurately and as expected.
- Reconciliation. Perform daily position and cash reconciliation of externally custodied accounts. Work closely with investment teams and external parties to troubleshoot discrepancies and ensure accurate data across investment systems. Complete month-end reconciliations of externally custodied accounts to ensure accurate performance reporting and client statements.
- Trade Support. Contribute to trade support functions, including trade matching and settlement for Fixed Income and Equity orders. Serve as a liaison between trading teams, back-office operations, brokers, and custodians. Communicate with front office teams to address issues and proactively solve problems.
- Banking Services. Serve as the centralized point of contact for administration of securities-based lines of credit. Work internally and with third parties to ensure collateral control agreement obligations are implemented.
- Firm Building. Engage in department-specific and firm-wide initiatives to complete corporate initiatives, projects, and business analysis supporting Glenmede’s strategic goals. Ability and willingness to contribute to the advancement of team, office and business capabilities. Perform other duties as required by position.
REQUIRED QUALIFICATIONS:
- Bachelor’s degree required
- 2+ years of internship, co-op, and/or working experience in financial services supporting middle office, investor services, or related roles
PREFERRED QUALIFICATIONS:
- Prior experience in a financial services role in any of the following areas:
- Supporting middle office workflows such as trade support, fund reconciliation, alternatives investment administration
- Private investment subscriptions and AML/KYC oversight
- Coordination and operational oversight of separately managed accounts
- Proficient in investment systems supporting equity trading, separately managed accounts (SMAs), as well as position and cash reconciliation
- Experience using DocuSign, Subscribe, Monday.com and other workflow management tools
- Ability to appropriately organize and prioritize tasks, coordinate with other members of the team, work well under pressure, and multi-task
- Professional demeanor and ability to communicate clearly, both orally and in writing.
- Organizational and problem-solving skills with exceptional attention to detail and quality control.
- Demonstrated aptitude for continual process improvement
- Interest in obtaining or pursuing an advanced degree or certification such as the Chartered Financial Analyst (CFA) or MBA
- Prior experience in a financial services role in any of the following areas:
Headquartered in Philadelphia, PA, Glenmede has 9 office locations in the US. For further information, please visit http://www.glenmede.com.
Our Benefits Overview:
- Competitive health and welfare benefits, including company HSA contributions
- Numerous voluntary benefit choices available
- Superior 401k match
- Tuition reimbursement
- Company subsidized commuter benefits
- Generous paid time off, including parental leave
- Plus more!
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.
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