Vestmark Advisory Solutions seeks an Associate Quantitative Portfolio Manager to contribute to the development of direct indexing solutions and manage personalized portfolios, including portfolio management, rebalancing, client customizations, and tax optimization, to support future expansions of new products and asset classes.
Requirements
- Experience managing multi-asset class portfolios with a focus on tax efficiency and minimizing tracking error
- Strong understanding of direct indexing, portfolio customizations, and tax optimization
- Knowledge of alternatives investments, long/short strategies, direct indexing, household portfolio optimization, and unified managed accounts
- Deep understanding of quantitative investing and portfolio management concepts, including risk modeling, optimization (Northfield Open Optimizer), portfolio construction, and index methodology)
- Proficiency in programming languages such as Python, R, SQL, and advanced Excel
- Strong operational experience running, analyzing, and improving processes and systems
- Strong quantitative and analytical skills
Responsibilities
- As a key member of the Portfolio Management team, manage client assets using portfolio optimization tools and proprietary quantitative rules-based engines
- Be a key contributor in the development and implementation of direct indexing solutions
- Provide day-to-day portfolio management of direct index portfolios including portfolio construction, rebalance, monitor index changes and corporate actions, manage client activities and trade review
- Provide tax transitioning and tax loss harvesting to maximize tax efficiency
- Provide portfolio analysis, reporting and monitoring of direct index strategies and ad-hoc analysis
- Work closely with trading, client service, operations to improve portfolio management efficiency, maximize investment outcome and ensure client success
- Collaborate with internal stakeholders to improve investment processes, and enhance investment management tools and systems
Other
- Master’s degree in financial or quantitative discipline, CFA preferred
- 2-5+ years of hands-on investment management experience
- Excellent communication and collaboration skills, team-player
