Business Unit:Investment Division
Salary Range:$100,000 USD - $165,000 USD
Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.
Job Description:
We are seeking a portfolio manager to join our Transition Management team. This team is responsible for developing and executing implementation strategies, analyzing performance, and completing attribution analysis during the pre, intra, and post implementation time frames.
As a Portfolio Manager / Senior Portfolio Manager you must have a demonstrable understanding of risk optimization models and risk management techniques to identify portfolio exposures and designing optimal trading strategies. You will also be required to research implementation costs associated with various trading strategies and implementing the most cost-effective transition strategy all while working collaboratively across the investment division.
Your Core Responsibilities:
- Work with clients, consultants, money managers, custodians and other team members to determine transition constraints and develop optimal transition strategies around the constraints. Act as the project manager to coordinate and implement the strategy developed. Act as the portfolio manager of the transition portfolio during the transition period.
- Continually evaluate, automate and improve internal processes and infrastructure supporting the transition process. Seek to develop external relationships with custodians, money managers, and correspondent brokers to explore additional efficiencies for Russell Implementation Services.
- Create and present detailed pre-analysis and post-analysis reports to clients which include portfolio risk decomposition, transaction cost analysis, and portfolio performance reporting.
- PC & Systems Activities
- Analyze transition event performance, including a breakdown of performance attributions and intra-day analysis. Streamline and develop a process to allow this information to be disseminated in a concise manner.
- Drive transition strategies through detailed analysis of portfolio attributes and implement trading strategies to affect successful transition outcomes. This is accomplished through the use of risk models, optimization systems and other trading analytic systems. Research trade execution costs associated with various trading strategies and implement the most cost-effective strategy.
- Complete post-trade reports and deliver results to the client in a timely manner. Continually seek to improve format of data within these reports according to client feedback and industry standards.
- Download data, custodian on-line systems, and proprietary and industry analytic tools. Extensive use of Russell's Portfolio Accounting System and other analytic tools will be required. Coordinate data on systems among business units, clients and custodians. Utilize Bloomberg to analyze portfolio constituents and verify data provided from external parties.
Your Expertise:
- Bachelor's degree in finance, business or a related area required, advanced degree and/or CFA designation preferred
- 4-8+ years experience in the investment industry in portfolio management, capital markets, or servicing custodians, managers and brokers desired.
- In-depth nowledge of capital markets, portfolio management strategies, and statistical analysis.
- In-depth knowledge of equity trading costs and settlement and clearing practices, and the global securities markets preferred.
- In-depth knowledge of money manager, custodian and broker operations considered a plus.
- Excellent project management; ability to manage multiple projects simultaneously.
- Strong client service and communication skills especially as they pertain to communicating complex concepts verbally and in writing to individuals with varying degrees of investment experience.
- Detail oriented and very precise with numbers.
- Excellent interpersonal skills, and the ability to thrive in a collaborative, fast paced environment.
- Highly proficient with software applications, software development experience a plus.
- Candidates with fixed income markets experience is highly desirable.
Equal Employment Opportunity
Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.
What We Do
Russell Investments is a leading outsourced CIO (OCIO) partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $1 trillion in assets under advisement (as of June 30, 2022) and $288.3 billion in assets under management (as of March 31, 2023) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 19 cities around the world, including London, New York, Toronto, Sydney, Tokyo, and Shanghai.
