Portfolio Manager, Options & Derivatives

Farther is a rapidly growing RIA that combines expert advisors with cutting-edge technology—delivering a comprehensive, tailored wealth management experience. Our founders are leaders and innovators from the private wealth industry with expertise in traditional wealth management, fintech, and technology production. Backed by top-tier venture capital firms and fintech investors, Farther offers a collaborative environment for entrepreneurs passionate about helping clients and teammates achieve more.

About the role

Farther's asset management team (FAM) manages a growing suite of systematic investment strategies and is expanding into options-based overlays. We're seeking a quantitatively-minded Investment Associate to help design, research, and build this capability from the ground up. You’ll collaborate with experienced PMs across equity and fixed income to apply derivatives-based overlays—such as covered calls, collars, and protective puts—and use Python to research and systematize your work. Over time, you’ll play a key role in translating this work into a scalable platform alongside our product and engineering teams.

Responsibilities

• Research, prototype, and backtest options overlay strategies in Python—including covered calls, cash-secured puts, collars, and protective overlays—with realistic assumptions for transaction costs, liquidity, and taxes across SMA accounts.
• Support PMs across equity and fixed income verticals by designing and applying derivatives-based overlays tailored to each asset class.
• Monitor portfolio-level Greeks, exposures, and risk/return outcomes across multiple smaller accounts within rules-based risk parameters.
• Build and maintain research code, data pipelines, and analytics to support systematic strategy design, including signal construction, parameter sweeps, scenario analysis, and regime analysis.
• Translate research into clear, rules-based strategy specifications and playbooks for scalable implementation.
• Evaluate new overlay ideas (income generation, hedging, outcome-oriented strategies) and communicate trade-offs to internal stakeholders.
• Partner with product managers and engineers to convert manual workflows and research into scalable platform capabilities, such as strategy engines, trade generation, risk dashboards, and monitoring tools.
• Support daily P&L, risk, and performance monitoring, including exception handling for unusual portfolio events.

Requirements

• 10+ years of experience in quantitative research, investment analytics, systematic strategies, or a closely related role at a buy-side firm, asset manager, fintech, or financial services company.
• Solid Python skills for research and analytics, including data pulls, optimization, backtesting, risk metrics, and maintainable codebases.
• Strong mathematical foundation in operations research, statistics, or quantitative finance.
• Experience working with SMAs or systematic investment strategies at scale, including multi-account implementation, portfolio construction, and operational complexity.
• Comfort collaborating with technical product and engineering teams and thinking in terms of systems and workflows.
• Self-directed, curious, and comfortable operating in lean environments—you figure things out without waiting for direction.
• Clear communicator who can explain quantitative concepts to non-technical stakeholders (advisors, product, operations, leadership).

Skills

• Familiarity with options, Greeks, volatility surfaces, or derivatives-based strategies (even if not from a live trading context).
• Experience with fixed income or equity SMAs, including multi-account implementation, tax-aware trading, and lot-level considerations.
• Prior exposure to portfolio management, risk, or trading platforms (e.g., OEMS, risk systems, SMA overlay engines).
• Experience at a fintech or RIA where technology and investment management intersect.
• Familiarity with custodian or brokerage platforms used by advisors (e.g., Schwab, Fidelity).

Benefits

• Competitive compensation package that rewards impact.
• Full health benefits.
• 401(k) matching and Roth IRA options.
• Unlimited PTO.