Portfolio Construction and Risk Strategist

Wellington Management•Boston, MA

12d•Hybrid

About The Position

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. About the Role THE POSITION Wellington is seeking a Portfolio Construction & Risk Strategist to work with the Portfolio Architecture team within Global Risk & Performance Strategy. The Strategist will collaborate with GRPS colleagues, portfolio managers, and IT professionals to develop quantitative methodologies for portfolio construction, addressing real-time requests and building scalable portfolio optimization capabilities. The Portfolio Architecture team works to help investment teams successfully adopt quantitative approaches to portfolio construction and achieve superior risk adjusted return through rigorous, empirically grounded methods. They deliver portfolio construction solutions by managing strategies and by offering investors quantitative portfolio optimization solutions both through self-service software and consultative support. This role will contribute to both channels. This role aims to provide best-in-class capabilities for portfolio construction. The Strategist is expected to become an expert in quantitative techniques, reading research literature on asset pricing and investing, independently implementing new methodologies, and conducting practical research to enhance portfolio construction for Wellington clients. While this is not a software developer role, a significant fraction of the Strategist’s work will manifest in developing algorithms and infrastructure for portfolio optimization. The ideal candidate will have strong analytical and organizational skills, thrive in a team environment, quickly learn new analytical applications and investment products, and develop specialized knowledge in quantitative portfolio construction.

Requirements

Advanced degree (Masters or PhD level) in finance, econometrics, quantitative field (math, statistics, physics, electrical engineering, operations research)
5+ years of experience working in asset management or closely related industry
Understanding of asset pricing and basic portfolio construction paradigms
Understanding of convex optimization and heuristics for non-convex optimization
Strong technical background for prototyping and implementing, in code, optimizations and calculations relevant to programming skills (Python, R, SQL)
Ability to think abstractly about complex mathematical problems, algorithms, and systems design
Ability to conduct independent research in a collaborative team environment
Capable of taking responsibility for independent projects with limited supervision
Grace under pressure, ability to adapt
Humility, natural curiosity

Responsibilities

Developing methodologies and workflows for tax efficient trading of active equity ETFs
Extending algorithms and GUI functionality for portfolio optimization within GRPS’s Python optimization libraries
Participating in the team’s daily portfolio management and rebalancing workflows
Developing methodologies for helping portfolio managers align views on expected return with quantitative techniques for position sizing
Developing effective scalable approaches to implementing consistent active positions across multiple accounts with differing client guidelines and benchmarks
Implementing portfolio optimization algorithms that encompass flexible approaches to modeling risk and return objectives, practical market frictions (e.g., transactions costs, liquidity limits) and associated workflows within Wellington’s portfolio management software and trading operations.

Benefits

retirement plan
health and wellbeing
dental
vision
pharmacy coverage
health savings account
flexible spending accounts and commuter program
employee assistance program
life and disability insurance
adoption assistance
back-up childcare
tuition/CFA reimbursement
paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)