Director, SMA Portfolio Administrator and Trader Opens in window

WORK FOR A COMPANY WHOSE CULTURE IS BUILT ON RESPECT

AT PRUDENTIAL AND PGIM, YOU CAN.

Here you’ll find a high-performance culture that’s flexible, collaborative, and grounded in respect. We engage with candor, take calibrated risks, and hold ourselves accountable — always focused on delivering for our customers. It’s the standard we choose every day as we grow, perform, and win as one team.

Job Classification:
Investment Management - Investment Operations

PGIM Custom Harvest, a division of PGIM Global Wealth, is a pioneer in the development of tax‑beneficial investment strategies using exchange‑traded funds (ETFs) for clients seeking improved after‑tax outcomes. We provide full exposure to a client‑selected benchmark while generating tax alpha through customized SMA portfolios of ETFs. PGIM Custom Harvest manages $7.1 billion on behalf of a wide range of RIAs and wealth managers.

We are seeking a highly analytical and detail-oriented Equity SMA Portfolio Administrator and Trader to support the management and execution of tax managed Separately Managed Account (SMA) strategies. This role focuses on trade execution, portfolio implementation, and the integration of algorithmic trading within a controlled risk and compliance framework. The ideal candidate will have experience in equity trading, order management systems, and tax‑aware portfolio management, with a strong understanding of market structure and operational workflows.

• Execute equity trades across SMA portfolios in alignment with model strategies and client mandates
• Execute and manage short equity trades, including coordination of borrow availability and awareness of financing costs
• Utilize and manage order management systems (OMS) and trading platforms to ensure 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 short sale regulations (e.g., Reg SHO)
• Perform trade reconciliation and post‑trade analysis, including evaluation of execution quality, slippage, and borrow cost impact
• Collaborate with operations and technology teams to improve trading workflows and system integration
• Maintain detailed records of trades and decisions to support audit and reporting 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 (pre‑trade, execution, post‑trade)
• Familiarity with order management systems (e.g., Charles River, or similar)
• Strong understanding of market structure, execution strategies, and portfolio construction
• Knowledge of compliance frameworks and risk management practices
• Proficiency in data analysis and tools such as Excel; experience with Python or SQL is a plus
• Progress toward or completion of industry certifications such as CFA, Series licenses, or ACAMS/CTMA
• Bachelor’s degree in Finance, Economics, Mathematics, or a related field

Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $170,000 to $200,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational…