We are looking for an Associate Portfolio Manager to join our Private Client PMG team in Pune, India.
Private Client PMG supports the implementation of our private client accounts. The associate will gain an understanding of private wealth management and the customization we provide our clients to meet their financial goals such as tax aware investing and wealth planning. The Portfolio Management Group (“PMG”) is responsible for portfolio implementation and supports the global portfolio management teams by authorizing and implementing portfolio decisions, and serving as the contact point with operations and sales teams. Functions may include monitoring asset exposures and allocations, managing client specific requests, tax management, monitoring pre-trade client guideline compliance and exception resolution. Associate Portfolio Managers initiate trades and monitor the portfolios on an ongoing basis. Portfolio Implementation Associates develop an understanding of AB’s investment products and operational policies and procedures.
Specific Responsibilities will include:
- Day to day monitoring of portfolio positioning, trade executions, cash management and compliance with client guidelines
- Addressing client requests and managing events throughout the client’s life cycle, such as cash flows, transitions, and account openings and closings. Private Client PMG manages thousands of transactions per week and the APM is responsible for contributing to this volume.
- Cashflow Management involves:
- Cash flow In - Investing client’s cash (buying equity stocks, mutual funds, ETFs) as per their desired asset allocation.
- Cash Flow out – Generate cash as per client request from their portfolio by selling relevant securities without hurting client’s asset allocation.
- Cashflow Management involves:
- Rebalancing of client’s portfolios to realign their asset allocation that might have changed due to market movements.
- Quality control reports to monitor client portfolios.
- Performing Tax estimates – Projecting client’s tax implications of client specific activity
- Liaising with other departments internally, including Legal/Compliance, Sales, and Investment Operations.
Successful candidates will possess the following attributes:
- An interest in the financial markets, industry regulations and portfolio management
- Detail-oriented with strong quantitative and analytical skills that can be leveraged to evaluate portfolios
- The ability to prioritize, multitask and work effectively with a team in a deadline-driven environment
- Strong interpersonal skills and ability to effectively communicate and build relationships with teams throughout the organization
- An ability to think holistically, understand end-to-end processes and reconsider the status quo
- A proactive and inquisitive approach toward new challenges and problem-solving
Candidates should be top academic performers, be interested in the investment management industry and meet the following criteria:
- Bachelor’s degree candidates in business, finance, economics, math, computer science, engineering, or liberal arts
- Has 1-2 years of experience specific to US market operations and understanding of Portfolio Management Operations.
- Required to work the night shift – US hours.
Location: Pune, India
Pune, India
What We Do
AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We are one of the largest investment management firms in the world, with more than $500 billion in assets under management. We foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. We embrace innovation to address increasingly complex investing challenges. And we pursue responsibility at all levels of the firm—from how we work and act to the solutions we design for clients.
