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. Farther’s founders are leaders and innovators from the private wealth industry who possess a unique blend of traditional wealth management, fintech, and technology production expertise. We’re backed by top-tier venture capital firms, fintech investors, and industry leaders.

About the role

Farther's asset management team (FAM) manages a growing suite of systematic investment strategies—and we're expanding into options-based overlays. We're looking for a quantitatively-minded Investment Associate who can help design, research, and build out this capability from the ground up.

This isn't a seat where you'll be handed a mandate and left to trade. You'll work closely with experienced PMs across equity and fixed income to apply derivatives-based overlays across those strategies—covered calls, collars, protective puts—and use Python to research and systematize everything you build. Over time, you'll be a key voice in translating that work into a scalable platform alongside our product and engineering teams.

Responsibilities

• Research, prototype, and back test options overlay strategies in Python—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 suited to each asset class
• Monitor portfolio-level Greeks, exposures, and risk/return outcomes across many smaller accounts within rules-based risk parameters
• Build and maintain research code, data pipelines, and analytics supporting systematic strategy design—signal construction, parameter sweeps, scenario and regime analysis
• Translate research into clear, rules-based strategy specifications and playbooks that can be implemented consistently at scale
• Evaluate new overlay ideas (income generation, hedging, outcome-oriented strategies) and communicate trade-offs clearly to internal stakeholders
• Partner with product managers and engineers to convert manual workflows and research into scalable platform capabilities—strategy engines, trade generation, risk dashboards, 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—data pulls, optimization, back testing, risk metrics, and clean, maintainable codebases
• Strong mathematical foundation: operations research, statistics, or quantitative finance background
• Experience working with SMAs or systematic investment strategies at scale—understanding of multi-account implementation, portfolio construction, and associated operational complexity
• Comfortable collaborating with technical product and engineering teams and thinking in terms of systems and workflows
• Curious, self-directed, and comfortable operating in lean environments—you figure things out and don't wait to be told what to do
• Clear communicator who can explain quantitative concepts to non-technical stakeholders (advisors, product, operations, leadership)

Nice to have

• Familiarity with options, Greeks, volatility surfaces, or derivatives-based strategies—even if not from a live trading context
• Experience specifically with fixed income or equity SMAs—multi-account implementation, tax-aware trading, lot-level considerations
• Prior exposure to portfolio management, risk, or trading platforms (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 & Roth IRA options
• Unlimited PTO

Work alongside some of the brightest minds in fintech, with a ground-floor opportunity at a fast-scaling startup where you can chart your own growth path.