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Lord, Abbett & Co. LLC · 1 hour ago

SMA Trade Operations Specialist

Jersey City, NJ

Full-time

Onsite

Entry, Mid Level

$85K/yr - $110K/yr

2+ years exp

Lord, Abbett & Co. LLC is a leading global independent investment management company, and they are seeking an SMA Trade Operations Specialist to support their growing SMA business. The role involves validating and processing trades, managing account onboarding, performing reconciliations, and ensuring operational compliance while collaborating with various teams and partners.

ConsultingFinancial Services

H1B Sponsor Likely

Responsibilities

Validate and process daily SMA trades across multiple custodians, sponsors, and platforms

Monitor order flow and ensure accurate trade execution, settlement, and allocation

Coordinate with traders to resolve trade discrepancies, breaks, and unmatched items

Support model delivery workflows, ensuring updates are transmitted correctly to all SMA sponsors

Review and reconcile trading activity against SEI/APL, sponsor feeds, and internal systems

Ensure new SMA accounts are set up accurately in trading systems, including restrictions, tax lot details, cash targets, and strategy assignments

Validate investment guidelines and ensure coding aligns with client mandates

Monitor account readiness and resolve missing or incomplete data (e.g., cost basis, cash positions, restrictions)

Perform daily reconciliations of cash, positions, tax lots, and trade activity

Investigate and resolve reconciliation breaks across custodians, SEI, APL, and internal platforms

Support daily exception reporting and coordinate resolutions with internal teams and external partners

Work directly with SMA sponsors, custodians, and internal business partners to ensure timely and accurate delivery of trade files and account data

Assist in handling inquiries from advisors, relationship managers, and internal stakeholders

Support customized SMA requests (e.g., restrictions, DTLH, ESG filters, cash management rules)

Ensure operational activities comply with firm policies, industry regulations, and best practices

Maintain and update procedures, workflows, and control documentation

Identify opportunities to streamline processes and implement operational improvements

Partner with Portfolio Management, Trading, Technology, Compliance, and Risk to support SMA strategy execution

Assist with new sponsor/platform integrations and large-scale operational projects

Support testing of system enhancements, sponsor feed updates, and platform changes

Qualification

SMA platforms experienceEquity trading workflowsFixed income trading workflowsExcel skillsOMS/PMS systemsTax-lot accountingBroker/dealer trade settlementAnalytical skillsOrganizational skillsProblem-solving skillsAttention to detailCollaboration skills

Required

Bachelor's degree (Finance, Economics, Business, or related field preferred)

2–5 years of experience in operations, trading support, or account administration—preferably at an asset manager, SMA sponsor, or custodian

Strong understanding of equity and/or fixed income trading workflows

Experience with SMA platforms or vendor systems

Strong Excel skills (pivot tables, VLOOKUP/XLOOKUP, data validation)

Excellent analytical, organizational, and problem-solving skills

Ability to manage multiple priorities under tight deadlines

Exceptional attention to detail and commitment to data accuracy

Preferred

Experience with OMS/PMS systems

Knowledge of tax-lot accounting, cost basis management, and restricted account handling

Series 7/66 or interest in pursuing licenses

Experience with broker/dealer trade settlement workflows (DTCC/Omgeo)

Familiarity with reconciliation engines or operational workflow tools

Benefits

Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus.

Competitive total compensation

Retirement plans

Competitive health and well-being plans

Company

Lord, Abbett & Co. LLC

Glassdoor3.5

Our Vision We aspire to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility.

Founded in 1929

New Jersey, Saint Patrick, TTO

501-1000 employees

https://www.lordabbett.com/en.html

H1B Sponsorship

Lord, Abbett & Co. LLC has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (23)

2024 (19)

2023 (7)

2022 (18)

2021 (16)

2020 (10)