Separately Managed Accounts, Senior Associate


Date: Sep 9, 2021

Location: Jersey City, NJ, US

Company: New York Life Insurance Co



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.


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. To learn more, please visit LinkedIn, our Newsroom and the Careers page of



New York Life Investments (NYLI) seeks a professional to join the Separately Managed Accounts (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.


Key responsibilities and functions include, but are not limited to:

  • 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 day’s activities.
  • Prepare adhoc analysis and presentation decks for the team.


Basic Qualifications

  • Undergraduate degree in Accounting, Finance, or Business Management related areas
  • Proficiency with Microsoft Excel / PowerPoint
  • Thorough knowledge and use of APL preferred
  • Proficiency with Bloomberg functions and formulas
  • 3+ years SMA/UMA experience
  • Series 7 preferred


Preferred Skills

  • Attention to detail
  • Ability to multi-task and prioritize work in a fast-paced environment
  • Excellent problem solving and time management skills
  • Strong written and oral communication, and interpersonal skills
  • Be a self-starter and eager to learn





Please note: During calendar year 2021, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.

Job Requisition ID: 84550






Nearest Major Market: New York City
Nearest Secondary Market: Newark

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