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
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
Salary Range Disclosure
About PGIM Global Wealth
What we offer you:
Market competitive base salaries, with a yearly bonus potential at every level .
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave .
401(k) plan with company match (up to 4%).
Company-funded pension plan.
Wellness Programs including up
Benefits
Dental insuranceVision insurance401(k)Paid time offEquity / stock optionsPerformance bonusParental leave
Additional Information
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.
Pru · Newark, NJ