Portfolio Manager - Parametric
About The Position
This role is part of Parametric's hybrid working model, which requires working in the office 3 days a week and remotely the remaining days of the week. A Portfolio Manager is an expert in the framework underlying Parametric’s quantitative equity portfolio construction. This expertise distinguishes the Portfolio Manager from the Associate Portfolio Manager and includes: A thorough understanding of equity multiple factor modeling, including: a) The relationship between asset covariance, CAPM, and multiple factor modeling in estimating portfolio risk. b) The estimation statistics that underlie multiple factor equity risk models, specifically the Barra US Equity Model and Global Equity Model. A thorough understanding of portfolio optimization using the Markowitz portfolio selection method, including: a) Trade-offs between benchmark-relative risk, taxes, and transaction costs, subject to constraints. b) Linear programming concepts used to solve the optimization problem. A high degree of familiarity with equity indexes, their market coverage, and their construction methodology. A high degree of familiarity with equity market microstructure. Command of Parametric’s portfolio management processes, including data management, order management, channel management, and reporting. Command of Parametric and third-party portfolio management systems and tools.
Requirements
- Bachelor’s (4yr) degree w/ concentration in finance, accounting, engineering or related quantitative focus
- 5+ years professional experience in investment management or similar, inclusive of at least two years of experience in quantitative equity management
- Strong mathematical and analytical skills
- Familiarity with academic financial theory and applications
- Working knowledge of equity risk models and portfolio optimizer
- Analytical writing ability
Nice To Haves
- CFA and/or MBA strongly preferred
- Programming skills a plus, including VBA and Matlab
Responsibilities
- Construct optimized equity index portfolios for separate accounts
- Rebalance and transition portfolios to maximize tax-efficiency
- Construct custom benchmark data
- Monitor index changes and corporate actions
- Generate after-tax return data for both portfolios and benchmarks
- Performance attribution
- Generate client reports, respond to client requests for analysis
- Interact across teams including Technology, Research, Marketing, Customer Service, Operations
- Participate in process improvement and technology development efforts.
Benefits
- Medical
- Prescription Drug
- Dental
- Vision
- Health Savings Account
- Dependent Day Care Savings Account
- Life Insurance
- Disability and Other Insurance Plans
- Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
- 10 Paid Holidays
- 401(k)
- Short/Long Term Disability
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
