SMA Portfolio Manager/Trader

What You’ll Do

• Trading and Execution: Execute trades efficiently and in compliance with best execution practices. Monitor market conditions and adjust portfolios as necessary.
• Structured Solutions Oversight: Partner with internal teams and external financial institutions to analyze, perform diligence, and oversee structured equity monetization transactions, including documentation review, exposure modeling, and ongoing post-execution monitoring.
• Portfolio Management: Manage SMA portfolios, leveraging various tools, such as optimizers, risk models, and dashboards. Ensure portfolios are aligned with clients' investment objectives and risk tolerance.
• Investment Strategy: Implement investment strategies tailored to individual client needs, including tax-aware management of concentrated equity positions. This may include evaluating and coordinating derivative-based monetization and hedging strategies (e.g., collars, spreads, prepaid variable forwards, and other structured solutions) in partnership with approved third-party counterparties.
• Client Engagement: Maintain strong relationships with clients, provide regular updates on portfolio performance and address any inquiries or concerns. Participate in client meetings and reviews.
• Performance Monitoring: Continuously monitor portfolio performance and risk metrics. Prepare detailed performance reports and conduct performance attribution analysis.
• Collaboration: Work closely with research analysts, traders, and other portfolio managers to share insights and develop cohesive investment strategies. Collaborate with the client service team to ensure seamless client experience.
• Compliance: Ensure all investment activities comply with regulatory requirements and internal policies. Maintain accurate and up-to-date documentation for all managed accounts.
• Other responsibilities as assigned by manager

What You Have

• A natural problem solver with high attention to detail and a penchant for accuracy.
• A strong understanding and an ability to manage portfolio risk.
• A strong understanding of equity, derivative, and fixed income markets.
• Excellent analytical and quantitative skills, with the ability to conduct detailed investment analysis.
• Exceptional communication and interpersonal skills, with the ability to build and maintain client relationships.
• Proficiency in portfolio management software and trading platforms.
• A high level of integrity and professionalism.

Education and/or Experience

• Bachelor's degree in Finance, Economics, or a related field; advanced degree or CFA/FRM designations preferred.
• Experience using optimizers, such as those offered by Northfield, Axioma, Barra, Bloomberg, or Factset is highly preferred.
• Experience trading and implementing option strategies on portfolios, particularly concentrated monetization strategies, including variable forwards, collars, spreads, or similar derivative-based liquidity or risk mitigating solutions, is preferred.
• Experience working with external trading desks, structuring teams, or custodians on complex equity or derivative transactions.
• Experience trading and implementing long-short portfolios is preferred.
• Minimum of 5 years of experience required.