The Legg Mason Private Portfolio Group is currently seeking a Portfolio Associate to work with our Portfolio Implementation and Operations teams in our office in New York City. This individual would primarily be responsible for model delivery and trade implementation functions for separately managed accounts. The Portfolio Associate will also support LMPPG's Sr. Project Manager, as needed.
Model delivery and trade implementation of separately managed accounts
Liaise with various affiliate teams (e.g., portfolio management, operations, trading, client service) to transition and invest accounts in accordance with strategy and client guidelines.
Raise and invest cash as needed following client directed flows
Perform various daily and weekly checks of the account base, e.g., high cash, non-model holdings and respond to ad hoc requests from investment teams
Respond to inquiries from Clients, FAs and PM teams
Interact with outsourced SMA Service providers
Respond to ad hoc sponsor requests pertaining to step out trades, performance outliers, etc.
Work closely with Sr. Project Mgr. and Head of SMA operations on sponsor transitions
BA/BS in business or related field
3+ years experience in the financial industry
Strong understanding of investment products and securities operations
Strong understanding of model delivery and trade implementation functions in separately managed accounts
Asset management operations background
Ability to analyze problems and provide resolutions
Detail-oriented with the ability to multi-task in a fast-paced environment
Excellent communication and organizational skills
Proficient in Microsoft Office
Working knowledge of Archer a plus
Legg Mason Private Portfolio Group, LLC ("LMPPG") is a wholly-owned subsidiary of Legg Mason, Inc. LMPPG, together with its sub-advisers, provides investment advisory services in investment programs offered at Sponsor Firms. As a leader in the industry, LMPPG is committed to providing its clients and their investment professionals with exceptional service and support. LMPPG offers clients a personalized approach to investing, with portfolios of individual securities that can be tailored to meet their needs and investment preferences. Our separately managed accounts provide exposure to a wide variety of asset classes and investment disciplines.
Legg Mason Private Portfolio Group is an Equal Opportunity Employer.
LMPPG offers a competitive salary and comprehensive benefits package which includes medical, dental, vision, 401(k), profit-sharing, paid time off, employee stock purchase plan, pregnancy leave, tuition reimbursement, and much more.