Vestmark has been supporting clients’ direct indexing solutions for more than a decade. As we embark on our next stage of growth and evolution, Vestmark Advisory Solutions seeks an Associate Quantitative Portfolio Manager in our direct indexing investment management team. This person will be a key member of the portfolio management team, contribute to the development of direct indexing solutions, and manage the day-to-day personalized portfolios including portfolio management and rebalance, client customizations and tax optimization. In addition, this person will work in a fast paced, dynamic environment with a growth mindset to support future expansions of new products and asset classes.
Key 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
Qualifications:
- Master’s degree in financial or quantitative discipline, CFA preferred
- 2-5+ years of hands-on investment management experience
- 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
- Excellent communication and collaboration skills, team-player
- Strong quantitative and analytical skills
Vestmark is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Vestmark prohibits employment discrimination on the basis of race, color, religion, gender identity, sex, sexual orientation, pregnancy, national origin, age, disability status, protected military or veteran status, and genetic information. #LI-TG1 #LI-Hybrid
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Headquartered outside of Boston, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management/trading solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage and trade customized client portfolios through an innovative SaaS platform. Supporting over $1.5 trillion in assets and more than 5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms.
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