Jobs · Finance · Washington

Senior Portfolio Manager, Overlay Solutions

Russell Investments · Seattle, WA · 1 mo ago
On-siteFinance$135k/yrFull-time
We need to output HTML fragment with sections: Salary info (Pay), Benefits, Job Description (maybe About the role?), Responsibilities, Requirements/Qualifications/Skills, etc. Must follow rules: use

for section headings (e.g., About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule). Use
  • for any list of duties/requirements/benefits, and

    for prose. Do NOT repeat the job title as a heading (the page already shows it) and do NOT put Job ID / requisition numbers as headings — fold minor metadata into a short

    or drop it. Preserve ALL substantive information; do NOT invent or summarize away detail. Remove cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate, duplicated lines, and application instructions. IMPORTANT: include a section ONLY when the posting has real, specific content for it — never emit a heading followed by filler/placeholder text (e.g., "commensurate with experience", "not specified", "N/A", "varies", "TBD") and never create Pay/Schedule/Benefits sections unless the posting actually states them. Prefer a few substantive sections over many thin ones. We have Salary Range: $135,000 USD - $185,000 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. Thus we have Pay and Benefits sections. Job Description: The paragraph after "Job Description:" is prose about role. Could be "About the role" heading. Responsibilities: There's a section "Your Core Responsibilities" with subheadings: Portfolio & Investment Leadership, Client & Commercial Leadership, Investment Capability & Innovation, Risk, Governance & Operational Excellence, Leadership & Talent Development. Each has bullet-like sentences. We need to output as

    • for any list of duties/requirements/benefits. So we can treat each bullet as
    • . Could group under a single
        with many
      • items, or separate sections? The instruction: Use
        • for any list of duties/requirements/benefits. So we can create a Responsibilities section with

          Responsibilities

          then
          • each bullet. We need to preserve all substantive info; not invent. So we need to extract each bullet point from the text. Let's parse responsibilities: Under "Your Core Responsibilities" there are headings: Portfolio & Investment Leadership - Manage complex institutional overlay portfolios across a range of strategies, which may include cash equitization, synthetic rebalancing, currency and liability hedging, portable alpha, downside protection, and other customized derivative-based solutions. - Develop broader expertise across Overlay Solutions strategies and serve as a senior investment resource for portfolio construction, implementation, rebalancing, and risk-management decisions. - Exercise independent investment judgment within established client objectives, investment guidelines, and governance frameworks. - Evaluate portfolio exposures, market conditions, liquidity, implementation alternatives, and transaction costs to determine appropriate portfolio actions. - Partner closely with Trading, FX, quantitative research, transition management, and other investment teams to develop and implement solutions for complex or atypical client needs. - Provide leadership during periods of market volatility or portfolio complexity, helping the team identify risks, evaluate alternatives, and make disciplined investment decisions. Client & Commercial Leadership - Serve as a senior investment partner to clients, developing a deep understanding of their portfolios, objectives, constraints, and evolving investment needs. - Lead investment discussions with clients and consultants, translating complex portfolio and derivative concepts into clear, practical recommendations. - Identify opportunities to enhance existing mandates or develop new solutions that address client challenges and improve portfolio outcomes. - Play a leading role in prospective client discussions, due diligence meetings, strategic presentations, and new mandate implementations. - Partner with relationship management, product, and other client-facing teams to strengthen the Overlay Solutions value proposition and support retention and business growth. Investment Capability & Innovation - Lead projects to evaluate new investment approaches, instruments, analytics, and implementation techniques that can enhance client outcomes or strengthen the Overlay Solutions capability. - Identify opportunities to improve portfolio management processes, controls, technology, and analytics with an emphasis on scalability, efficiency, and risk management. - Partner with Technology and quantitative resources to develop and enhance tools used to manage, analyze, and monitor portfolios. - Develop investment perspectives, research, position papers, and presentations that advance team thinking and support client conversations. - Connect ideas and best practices across Overlay Solutions and the broader Investment Division to strengthen Russell Investments’ customized portfolio capabilities. Risk, Governance & Operational Excellence - Act as a fiduciary for client assets by ensuring disciplined investment decision-making consistent with client objectives and Russell Investments’ investment philosophy. - Maintain strong oversight of investment and operational risks within assigned portfolios and proactively identify emerging risks or control enhancements. - Contribute to investment governance and committee discussions, providing thoughtful analysis and recommendations on portfolio, implementation, and risk matters. - Partner with Trading, Risk, Compliance, Operations, Technology, and Legal to ensure portfolios operate within established investment guidelines, regulatory requirements, and internal governance standards. - Help strengthen team practices, controls, and escalation processes by identifying opportunities for continuous improvement. Leadership & Talent Development - Serve as a role model and senior resource for Portfolio Managers, Associate Portfolio Managers, Portfolio Analysts, and other investment professionals. - Coach and mentor colleagues, helping develop investment judgment, technical expertise, client capabilities, and broader commercial awareness. - Create opportunities for others to take on greater responsibility and provide thoughtful feedback that accelerates their development. - Lead through influence across the team and broader organization, building alignment and bringing others together around complex investment or business challenges. - Demonstrate readiness for broader leadership responsibilities by balancing individual portfolio accountability with the success and development of the broader team. - Foster an environment of intellectual curiosity, constructive challenge, accountability, inclusion, and continuous learning. - Help build leadership depth within Overlay Solutions by identifying emerging talent and supporting the development of future portfolio management leaders. Now "Your Expertise" section includes qualifications: bullet-like list. We need to decide sections: Could have "Requirements" or "Qualifications" or "Skills". The instruction says use headings like About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We can choose appropriate. We have a Job Description paragraph: could be "About the role". Then Responsibilities as above. Then Qualifications (or Requirements) for expertise. Could also separate Skills but we can combine. We must not create sections with filler. So we will include About the role, Responsibilities, Qualifications, Benefits, Pay. We need to ensure we don't repeat job title. Not include Job ID. We need to preserve all substantive info: include salary range, bonus, benefits list, job description paragraph, responsibilities bullets, expertise bullets. We must not include EEO boilerplate etc. Remove that. Now format: Use

            for each section heading. Then content: For prose use

            . For lists use

            • . We need to ensure we don't duplicate content. Let's craft:

              About the role

              Joining Russell Investments’ Customized Portfolio Solutions (CPS) team means being part of an investment organization focused on delivering customized solutions that help institutional clients manage risk, improve portfolio implementation, and achieve their investment objectives. The Senior Portfolio Manager, Overlay Solutions is a senior investment professional responsible for managing complex client portfolios and contributing more broadly to the investment leadership, evolution, and growth of Russell Investments’ Overlay Solutions capability. The team manages more than $135 billion in client assets and implements customized currency and derivative-based strategies across a diverse range of institutional client mandates. This role has broader responsibility across Overlay Solutions than a traditional Portfolio Manager position, with an expectation to develop expertise across multiple strategies and client applications rather than operating within a narrowly defined area of coverage. The Senior Portfolio Manager will serve as a senior resource for complex portfolio decisions, client engagements, new mandate implementation, investment innovation, risk oversight, and cross-functional initiatives. The Senior Portfolio Manager will help elevate the capabilities of the broader team through coaching and mentorship, create connectivity across investment disciplines, lead through influence, and increasingly translate investment expertise into broader team and business impact.

              Then Responsibilities:

              Responsibilities

              • Manage complex institutional overlay portfolios across a range of strategies, which may include cash equitization, synthetic rebalancing, currency and liability hedging, portable alpha, downside protection, and other customized derivative-based solutions.
              • Develop broader expertise across Overlay Solutions strategies and serve as a senior investment resource for portfolio construction, implementation, rebalancing, and risk-management decisions.
              • Exercise independent investment judgment within established client objectives, investment guidelines, and governance frameworks.
              • Evaluate portfolio exposures, market conditions, liquidity, implementation alternatives, and transaction costs to determine appropriate portfolio actions.
              • Partner closely with Trading, FX, quantitative research, transition management, and other investment teams to develop and implement solutions for complex or atypical client needs.
              • Provide leadership during periods of market volatility or portfolio complexity, helping the team identify risks, evaluate alternatives, and make disciplined investment decisions.
              • Serve as a senior investment partner to clients, developing a deep understanding of their portfolios, objectives, constraints, and evolving investment needs.
              • Lead investment discussions with clients and consultants, translating complex portfolio and derivative concepts into clear, practical recommendations.
              • Identify opportunities to enhance existing mandates or develop new solutions that address client challenges and improve portfolio outcomes.
              • Play a leading role in prospective client discussions, due diligence meetings, strategic presentations, and new mandate implementations.
              • Partner with relationship management, product, and other client-facing teams to strengthen the Overlay Solutions value proposition and support retention and business growth.
              • Lead projects to evaluate new investment approaches, instruments, analytics, and implementation techniques that can enhance client outcomes or strengthen the Overlay Solutions capability.
              • Identify opportunities to improve portfolio management processes, controls, technology, and analytics with an emphasis on scalability, efficiency, and risk management.
              • Partner with Technology and quantitative resources to develop and enhance tools used to manage, analyze, and monitor portfolios.
              • Develop investment perspectives, research, position papers, and presentations that advance team thinking and support client conversations.
              • Connect ideas and best practices across Overlay Solutions and the broader Investment Division to strengthen Russell Investments’ customized portfolio capabilities.
              • Act as a fiduciary for client assets by ensuring disciplined investment decision-making consistent with client objectives and Russell Investments’ investment philosophy.
              • Maintain strong oversight of investment and operational risks within assigned portfolios and proactively identify emerging risks or control enhancements.
              • Contribute to investment governance and committee discussions, providing thoughtful analysis and recommendations on portfolio, implementation, and risk matters.
              • Partner with Trading, Risk, Compliance, Operations, Technology, and Legal to ensure portfolios operate within established investment guidelines, regulatory requirements, and internal governance standards.
              • Help strengthen team practices, controls, and escalation processes by identifying opportunities for continuous improvement.
              • Serve as a role model and senior resource for Portfolio Managers, Associate Portfolio Managers, Portfolio Analysts, and other investment professionals.
              • Coach and mentor colleagues, helping develop investment judgment, technical expertise, client capabilities, and broader commercial awareness.
              • Create opportunities for others to take on greater responsibility and provide thoughtful feedback that accelerates their development.
              • Lead through influence across the team and broader organization, building alignment and bringing others together around complex investment or business challenges.
              • Demonstrate readiness for broader leadership responsibilities by

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