Vestmark Advisory Solutions seeks an Associate Quantitative Portfolio Manager to contribute to the development of direct indexing solutions and manage day-to-day personalized portfolios, including portfolio management, rebalancing, client customizations, and tax optimization, as the company enters its next stage of growth.
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
