Director, SMA Portfolio Administrator and Trader

Responsibilities

• Execute equity trades across SMA portfolios in alignment with model strategies and client mandates
• Manage short equity trades, including coordination of borrow availability and financing costs
• Utilize and manage order management systems (OMS) and trading platforms for efficient execution
• Support and enhance algorithmic trading strategies to optimize execution quality and minimize market impact
• Monitor portfolios for rebalancing, tax-loss harvesting opportunities, and drift management
• Monitor and manage short positions for recalls, buy-ins, and margin requirements
• Partner with portfolio managers to implement trades based on model updates and market conditions
• Ensure adherence to compliance guidelines and risk management protocols, including Reg SHO
• Perform trade reconciliation and post-trade analysis, evaluating execution quality and slippage
• Collaborate with operations and technology teams to improve trading workflows and system integration

Requirements

• Experience in equity trading, SMA management, or quantitative trading environments
• Experience with algorithmic trading or systematic strategies
• Exposure to tax-aware portfolio management (e.g., tax-loss harvesting)
• Understanding of multi-account trading and portfolio replication techniques
• Familiarity with trade lifecycle processes and order management systems (e.g., Charles River)
• Strong understanding of market structure, execution strategies, and portfolio construction
• Proficiency in data analysis and tools such as Excel; experience with Python or SQL is a plus
• Bachelor’s degree in Finance, Economics, Mathematics, or a related field

Preferred Qualifications

• Progress toward or completion of industry certifications such as CFA or Series licenses
• Knowledge of ACAMS/CTMA certifications

Benefits

• Market competitive base salaries with yearly bonus potential
• Medical, dental, vision, life, and disability insurance
• 401(k) plan with company match (up to 4%) and company-funded pension plan
• Wellness Programs with annual reimbursement for personal wellbeing needs
• Education benefits for degree programs and accredited certificates
• Employee Stock Purchase Plan

About the Company

PGIM Custom Harvest, a division of PGIM Global Wealth, is a pioneer in the development of tax-beneficial investment strategies using ETFs. We provide full exposure to client-selected benchmarks while generating tax alpha through customized SMA portfolios. PGIM is the global asset management business of Prudential Financial, Inc.