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Separately Managed Accounts Team Leader

Company: AllianceBernstein
Location: San Antonio
Posted on: September 15, 2020

Job Description:

We are seeking a San Antonio, Texas based SMA Team Leader to join our Oversight Team in SMA Operations Team

Separately Managed Accounts (SMA) Operations ensure that all accounts are invested in their selected model in a timely, efficient and accurate manner. We support equity and fixed income portfolio management and sales teams by performing critical daily, weekly and monthly tasks to ensure account data is accurate and accounts are invested properly. The member of this team will perform various daily, weekly and monthly duties, field inquiries from internal and external clients and work on high level tasks, projects and issues as needed

The Team Leader will be responsible for performing and overseeing the various tasks that support the SMA fixed income and equity portfolio business. The best candidate for this position will possess outstanding analytical and problem-solving skills; excellent communication skills; intermediate operational knowledge involving: securities, trading, portfolio management, trade settlement, reconciliation corporate actions and reporting.

Describe the applications and business or enterprise functions the role supports:

The SMA Team Leader will be responsible for providing service and support to the SMA fixed income and equity portfolio management and sales teams. The Team Leader will be responsible for a wide variety of evolving tasks related to but not limited to this support. Key applications used are Fiserv Security APL, MS Excel, MS Access, AWD, Bloomberg and web-based sponsor trading and trade support applications.

The key job responsibilities include, but are not limited to:


  • Oversee our 3rd party service provider (SEI) who builds most equity trades, processes our new and terminated account action items and reconciles our accounts with the custodians. We have a large number of controls in place to ensure SEI performs to our standards. The candidate will monitor daily and weekly controls to ensure a high level of service from SEI.
  • Review accounts in the portfolio management system and ensure that they are coded appropriately at all times.
  • Review accounts to ensure they are reconciled in a timely manner by SEI and update aged item reporting weekly.
  • Manage Trade Rotation and SMA Orders: Review block trade orders to implement model account changes, analyze trades for potential violations of account restrictions and communicate block trade orders to the AllianceBernstein trading desk for execution.
  • Update and communicate Portfolio Management model changes to sponsors
  • Review account termination requests processed by SEI are in full compliance with client instructions (full liquidation, partial liquidation, and keep as is)
  • Set up new securities and benchmarks as necessary on Security APL ensuring data matches Bloomberg's security attributes.
  • Process municipal fixed income trade files and trade allocations using various sponsor web sites.
  • Regularly monitor assigned accounts for potential restriction violations.
  • Analyze current holdings of perspective clients to managed account styles and make recommendations to sell or hold securities
  • Serve as mentor and trainer to staff and internal clients
  • Tests and provides qualitative and quantitative feedback to management for process changes and enhancements, including workflows, automation initiatives and risk control design
  • Review and complete error corrections
  • Conduct independent evaluations of critical processes to ensure that exposure areas are adequately controlled
  • Lead workflow management to ensure work is completed timely by the team
  • Review multiple web portals, work queues and inboxes to ensure outstanding work has been completed by team
  • Quality review of work processed by the team and our 3rd party service provider (SEI), which is sent to trading for execution
  • Independently develop and test team procedures
  • Lead onboarding initiatives of new relationships with SEI, State Street and internal stakeholders
  • Work directly with SEI to review and resolve escalated items and issues (workflow, technology, etc)

    What makes this role unique or interesting (if applicable)?

    The person in this diverse and fast-paced role will be exposed to a wide scope of ever-evolving businesses within our firm. He or she will be encouraged to develop better practices for existing tasks, enhance procedures and continuously cross train on other areas of our business within SMA Oversight.

    What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate?

    The person in this role will have an opportunity to drive the success of this department by partnering with various internal and external groups to enhance processes, mitigate risks, and launch new clients and products. This person will also be exposed to many areas within our firm and will become familiar with the processes of various groups over time.

    Job Qualifications (The ideal candidate should have the following):

    Qualifications, Experience, Education:

    The candidate should have very strong communication and analytical skills and be highly organized and detail-oriented. The candidate should demonstrate proficiency in manipulating and generating Excel spreadsheets and using Access databases. The candidate should demonstrate a strong understanding of securities markets. The ideal candidate would have at three to five years' experience in the finance industry and ideally a Business or Finance degree.

    Skills:

    • Proficient in the use of office desktop packages such as Outlook, Word, Access, Excel, AWD; Bloomberg.
    • Exceptional communication, time management, problem framing, and follow up skills required
    • Demonstrated experience of outstanding analytical and problem-solving skills.
    • Organized, thorough and conscientious. Establishes priorities and follows through on tasks to completion
    • Detail oriented
    • Ability to front face with other operational teams, sales, portfolio management and trading

      Special Knowledge (if applicable):

      • Demonstrated intermediate operational knowledge involving: securities, trading, portfolio management, trade settlement, reconciliation, corporate actions and reporting
      • Demonstrated ability to work in a fast-paced environment and able to adapt to change
      • Demonstrated ability to work independently, when applicable, and cooperatively in a team setting
      • Candidate must be customer focused and extremely flexible
      • Demonstrated ability to further develop skills through training and as provided through coaching and feedback
      • Willing to learn new applications as needed based on job requirements and changes that may take place

        Location: San Antonio, Texas

        AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB's research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.San Antonio, Texas

Keywords: AllianceBernstein, San Antonio , Separately Managed Accounts Team Leader, Hospitality & Tourism , San Antonio, Texas

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