Empowering Financial Futures.
For more than 65 years, Glenmede’s independent ownership, innovation and unwavering commitment to our clients have made us a trusted partner for private wealth, endowment & foundation, and investment management clients.
Our people are invaluable. Through a team-oriented environment, your knowledge, expertise and varied backgrounds contribute to thoughtful innovation. Our culture fosters opportunities for continuous career growth and development in all areas of the organization. Working at Glenmede, you will experience the infrastructure and resources of a large firm combined with the client and employee focus of an independently owned boutique.
This position will operate in a hybrid work environment, 3 days per week in the office (Philadelphia, PA).
OVERVIEW:
Glenmede, a leading investment and wealth management firm, is seeking a talented and motivated Director of Investment Performance to join our team. This role is pivotal in analyzing and reporting the performance of investment portfolios, ensuring accuracy, and delivering insightful performance metrics to our clients. The role will be a leadership position responsible for overseeing the Performance Measurement team serving Glenmede’s three business lines: Private Wealth, Endowments & Foundations, and Glenmede Investment Management.
RESPONSIBILITIES:
- Team Management. Lead the performance team composed of one to two internal analysts, as well as outsourced resources and technology vendors.
- Project Leadership. Further develop Glenmede’s ability to offer performance reporting to large OCIO clients that utilize partnership investments. Additionally, lead effort to evaluate and potentially adopt Global Investment Performance Standards (GIPS) for OCIOs.
- Performance Analysis. Conduct detailed performance measurement and attribution analysis for client portfolios, comparing actual results to benchmarks and objectives.
- Client Reporting. Oversee the process to create monthly performance reports for clients and internal stakeholders, ensuring clarity, accuracy, and timeliness. Glenmede utilizes FirstRate to calculate client performance.
- Data Management. Maintain and update performance databases and systems, including composite construction, ensuring data integrity and consistency. Identify and scrub data issues related to transactions and securities.
- Client Engagement. Collaborate with client service teams to address client inquiries and provide performance-related insights and explanations.
- Process Improvement. Identify and implement process improvements to enhance the efficiency and accuracy of performance measurement and reporting.
- Compliance. Develop and maintain expertise around industry standards, and work to ensure Glenmede’s policies adhere to industry and regulatory best practices. Update current documentation regarding the firm’s GIPS® policies and procedures and manage the firm’s GIPS® verification process. Adhering to Performance Industry standards is crucial for maintaining the integrity and transparency of Glenmede Investment Management (GIM) performance reporting.
REQUIRED QUALIFICATIONS:
- Bachelor’s degree in Finance, Economics, Accounting, or a related field.
- Minimum of 10 years of experience in performance measurement, investment analysis, or a related role.
- Proficiency in performance measurement tools and software, as well as advanced Excel skills.
- Strong analytical and quantitative skills with the ability to interpret complex data and generate meaningful insights. Experience in performance reporting and attribution for multi-asset class portfolios including private equity, hedge funds, and other partnerships.
PREFERRED QUALIFICATIONS:
- Certifications: CIPM, CFA or other relevant professional certifications.
- Thorough understanding of investment management, portfolio construction, and performance measurement standards.
- Familiarity with performance measurement systems, such as First Rate, CAPS, Global Plus, Markit EDM and FactSet.
- Excellent written and verbal communication skills, with the ability to present information clearly and concisely to clients and internal stakeholders.
- High level of precision and attention to detail in all work products and a fundamental commitment to ensuring client reporting is accurate.
- Ability to work effectively in a team-oriented environment and collaborate with colleagues across various departments.
Headquartered in Philadelphia, PA, Glenmede has 9 office locations in the US. For further information, please visit http://www.glenmede.com.
Our Benefits Overview:
- Competitive health and welfare benefits, including company HSA contributions
- Numerous voluntary benefit choices available
- Superior 401k match
- Tuition reimbursement
- Company subsidized commuter benefits
- Generous paid time off, including parental leave
- Plus more!
Glenmede is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: Glenmede is committed to the principle of equal employment opportunity for all employees and applicants and to providing employees with a work environment free of discrimination, retaliation, and harassment. All employment decisions, including hiring decisions, at Glenmede are based on business needs, job requirements and individual qualifications in full compliance with all local, state and federal laws prohibiting discrimination on the basis of any status protected by the laws or regulations in the locations where we operate. Glenmede will not tolerate discrimination or harassment based on any of these characteristics. https://www.glenmede.com/equal-opportunity-employer/
** We are not seeking agency assistance with this role. No agencies, third parties, or phone calls, please. Glenmede is not accepting unsolicited resumes from search firms. All resumes submitted by search firms to any employee at Glenmede via-email, the Internet, or directly without a valid written search agreement will be deemed the sole property of Glenmede, and no fee will be paid in the event the candidate is hired by Glenmede.
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