Associate Portfolio Manager - SMA Overlay & Tax Management

UBS•New York, NY

52d•$135,000 - $195,000

About The Position

Your role Are you a detail-oriented problem solver? Are you keen to join one of the fastest growing segments of the market? We're looking for a Portfolio Associate focused on our Personalized Tax Managed ("PTM") overlay for UBS Wealth Management private clients to: deliver tax and risk-aware overlay on active and passive strategies, working closely with our Asset Allocation and Equity teams as well as Index vendors provide accurate and timely implementation of security selection and asset allocation changes, as well as client-directed activities (e.g., deposits, withdrawals), with a focus on tax optimization at the account level monitor PTM accounts for opportunities to reduce risk and tax exposure create tax-sensitive transition proposals for prospective clients to support discussions with advisors and clients articulate the team's capabilities, investment views and performance to Distribution, Financial Advisors and clients contribute to the development of new tax-focused functionalities and process enhancements deliver expanded services beyond the U.S. including additional value-added overlays such as options, factor tilts and long short capabilities Detailed salary information: New York: the salary range for this role is $135000 to $195000 The expected salary range(s) for this role as of the date of this posting is/are based on factors including, but not limited to, experience, qualifications, education, location and skill level. This role may also be eligible for discretionary incentive compensation. For benefits information, please visit ubs.com/usbenefits. Join us At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We're dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That's why collaboration is at the heart of everything we do. Because together, we're more than ourselves. We're committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us. About us UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors. We have a presence in all major financial centers in more than 50 countries.

Requirements

ideally 5+ years of related experience in investment management and implementation of high-net-worth portfolios
understanding of tax implications in portfolio management and the SMA industry
proficiency in analytical tools such as Bloomberg, Barra, and FactSet
familiarity with model delivery and Unified Manage Accounts (UMA)
strong organizational skills and ability to manage high volumes of time-sensitive tasks
analytical mindset with a proactive approach to problem-solving and process improvement
effective communicator, comfortable presenting complex topics to clients and internal stakeholders
collaborative team player, able to work effectively as part of a diverse team across multiple locations
degree in finance, business, or a related field

Nice To Haves

CFA or MBA are a plus
programming, coding, or AI skills are a plus

Responsibilities

deliver tax and risk-aware overlay on active and passive strategies, working closely with our Asset Allocation and Equity teams as well as Index vendors
provide accurate and timely implementation of security selection and asset allocation changes, as well as client-directed activities (e.g., deposits, withdrawals), with a focus on tax optimization at the account level
monitor PTM accounts for opportunities to reduce risk and tax exposure
create tax-sensitive transition proposals for prospective clients to support discussions with advisors and clients
articulate the team's capabilities, investment views and performance to Distribution, Financial Advisors and clients
contribute to the development of new tax-focused functionalities and process enhancements
deliver expanded services beyond the U.S. including additional value-added overlays such as options, factor tilts and long short capabilities

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