Full Job Description
Legg Mason Private Portfolio Group, LLC (“LMPPG”) is a wholly-owned subsidiary of Franklin Resources, Inc. LMPPG, together with its sub-advisers, provides investment advisory services in investment programs offered at Sponsor Firms. LMPPG’s sub-advisers include ClearBridge Investments, QS Investors, Royce, Martin Currie, and Western Asset.
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.
We are currently seeking a Portfolio Associate to join our New York City based Portfolio Implementation team. This individual would primarily be responsible for model delivery and trade implementation functions for separately managed accounts.
Model delivery and trade implementation of separately managed accounts
Liaise with various personnel from the specialist investment managers of the Franklin organization (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 provider on a daily basis
Other duties as assigned
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
Ability to analyze problems and provide resolutions
Detail-oriented with the ability to work independently and multi-task in a fast-paced environment. Must also be a team player.
Excellent communication and organizational skills
Proficient in Microsoft Office
Working knowledge of Archer a plus
Our employees have access to a competitive and valuable set of Total Rewards. Our Total Rewards include:
Health, wellness and risk benefits to protect employees and their families
Retirement savings, stock purchase and other incentive programs to help employees plan for the future
Holiday, paid-time-off and other employee programs that support work-life balance
Support for pursuing certifications, external education and degree programs
Learning, development and career advancement opportunities
Ways to get involved in, and give back to, our communities, including paid time off for volunteering and charitable donation matching
LMPPG is an equal opportunity employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com. In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.
JOB FUNCTION: Specialist Investment Management Profiles
PRIMARY LOCATION: United States-New York-New York