Separately Managed Accounts Associate

Location Designation: Fully Remote 

When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. 

Join New York Life Investment Management and become part of a dynamic team empowering investors to achieve their financial goals. We offer clients unparalleled access to a diverse collection of specialized, independent investment teams — each with its own distinct philosophy and expertise. By collaborating with our world-class investment teams, you'll shape investment strategies that unlock opportunities, navigate market complexities, and ultimately build strong financial legacies for our clients.

Role Overview: New York Life Investments (NYLI) seeks an entry-level professional to join the Separately Managed Account (SMA) Department.  This position will support trading and implementation of equity and fixed income strategies.  The position will report to the Head of Separately Managed Accounts.

What You'll Do:

• Review the set-up of new accounts in the appropriate systems along with any client restrictions.
• Review and resolve discrepancies in portfolio holdings.
• Review and resolve discrepancies between orders and execution.
• Maintain real-time model performance on Market Q.
• Update and reconcile model-based trading platforms.
• Rebalance Managed Accounts for assigned sponsors.
• Generate, coordinate, and execute proposed trades. Verify trade execution and allocation.
• Prepare and electronically distribute various control reports.
• Reconcile all cash using exception reporting in APL through all sponsor platforms.
• Support trading team and trading functions.
• Review legal agreements, operation manuals and supplements to ensure compliance with various platforms.
• Conduct pre-trade research and analytics to help prepare trading team for days activities.
• Prepare adhoc analysis and presentation decks for the team.

What You'll Bring:

• Undergraduate degree in Accounting, Finance, or Business Management related areas
• Proficiency with Microsoft Excel / PowerPoint
• Thorough knowledge and use of APL
• Proficiency with Bloomberg functions and formulas
• Minimum of 1-3 years SMA/UMA experience
• Strong written and oral communication, and interpersonal skills

Preferred Skills:

• Series 7 preferred
• Ability to multi-task and prioritize work in a fast-paced environment
• Excellent problem solving and time management skills
• Attention to detail, self-starter, and eager to learn

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Salary range: $58,500-$77,500 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 Job Requisition ID: 90477