The Role

The role is responsible for managing the domestic and international SMA rebalance processes by ensuring proposed trading activity is accurately analysed and validated. Once validated, the trades are allocated and sent to the appropriate brokers for execution.

The team operates in a time-sensitive environment, with the morning SMA rebalance period being a critical part of the daily process. You’ll be the go-to person for resolving complex SMA, trading and reconciliation issues with investment managers, brokers, custodians and internal teams. You’ll also make sure trades settle on time and SMA corporate action elections are actioned, working with our Corporate Actions team.

This role could be the right fit for you if:
You have a strong, demonstrable understanding of financial markets and how SMAs work across their lifecycle
You have reviewed orders before execution in a dealing, portfolio implementation or rebalancing role
You have experience with the IRESS IPS portfolio management system
You’re confident owning and resolving complex issues across multiple external parties
You’ve had experience coaching and leading an operations team

Day to day
Manage the SMA rebalance pre-trade validation process




Get to the root cause of exceptions, breaks, cash, positions, restrictions and unusual trading activity
Authorise or challenge trades before they are released to brokers for execution
Monitor broker best execution to deliver positive trading outcomes for clients
Coordinate resolution of complex issues with investment managers, brokers, custodians and internal teams
Ensure trades settle on time and corporate action notifications and SMA elections are actioned with registries and custodians, working with our Corporate Actions team
Lead a small team

Culture & Benefits
Hybrid working (home 3 days, office 2 days)
Market-competitive salary with annual performance bonus
Great office location on 367 Collins Street
Career development progression pathways
Annual leave + option to purchase additional leave + paid volunteer leave
Career development plans and stretch opportunities
Monthly social events, team lunches and annual celebrations
Access to health & wellbeing programs, flu shots and EAP
Access to novated leasing
Employee recognition programs (peer awards, monthly and annual recognition)

📌 Team Leader, Managed Accounts/managed Portfolios Melbourne
🏢 Praemium
📍 Melbourne