Portfolio Manager - Public Markets

FM•Boston, MA

13h•Hybrid

About The Position

This is a senior role within the External Investment Management team, focusing primarily on public equities. The role involves collaborating with the Senior Portfolio Manager, Chief Investment Officer (CIO), and other senior investment leaders across various asset classes. The primary responsibility is managing public equities, with collaboration on core fixed income investments for the external investment management asset pool, which collectively manages $5 billion. The role will also contribute to portfolio construction for external mandates in public equities and core fixed income, and lead risk and performance analytics for public equities and core fixed income across US, International, and Global markets. Additionally, the incumbent will lead projects and initiatives related to asset allocation, economic, and financial markets. The role includes people management responsibilities, overseeing a small team of generalists and/or specialists, and collaborating with other investment team leaders to onboard talent, including interns and rotation hires. The focus is on externally managed public equities and core fixed income portfolios across diverse geographies, styles, and strategies. Proficiency in concepts like factor exposures and equity investment styles is expected, with a preference for baseline knowledge in broader public markets and investment vehicles. A good understanding of multi-asset investing principles is also beneficial. The position requires extensive expertise in constructing portfolios with public equity investment products and a strong grasp of the overall investment process. The role serves as a key interface with external investment managers, involving research, manager diligence and underwriting, allocation decisions, and communication. It also involves instilling best practices, understanding the macroeconomic and market outlook, and collaborating with investment operations, legal, tax, and other support functions for a seamless approach.

Requirements

BA or BS required.
11-15 years of relevant experience in investments, financial markets and/or financial risk management.
11-15 years of global financial market experience across asset classes.
Global financial markets, investments, risk management and economics related experience across asset classes, and risk and quantitative analysis.
Broad knowledge in the financial markets and investments across asset classes.
Strong inter-personal, communication, presentation, analytical and collaboration skills.
Experience collaborating with other internal stakeholders and partners – investment accounting, legal, tax and other departments.
Ability to operate as an effective tactical as well as strategic thinker with flexibility to adapt to and positively influence new processes/infrastructure.
Strong mentoring and coaching experience with excellent judgment and creative problem-solving skills including negotiation and conflict resolution skills.
Fast learner with a strong teamwork-based mindset, and passion for financial markets, corporate finance and investment risk management.
Collaborative mindset, people management skills and leadership experience required.
Expert knowledge in using Bloomberg, and FactSet, similar investments systems, as well as experience to be able to apply expertise to any new investment risk management and accounting related, and order entry systems.

Nice To Haves

MBA, CFA, CAIA or other advanced degree related to investments, economics, finance, or quantitative analysis preferred.
Some level of baseline knowledge, experience regarding broader public markets and effective use of investment vehicles is preferred.
A good understanding of multi asset investing principles would be helpful to succeed in this role.

Responsibilities

Collaborate with the Senior Portfolio Manager, External Investment Management, and Chief Investment Officer (CIO) across asset classes.
Focus primarily on public equities and collaborate with VP Core fixed income investments for the external investment management asset pool.
Collaborate in managing broad and/or specific aspects of portfolio construction related to external mandates in public equities and core fixed income.
Lead and enable risk and performance analytics across public equities and core fixed income – US, International and Global.
Lead periodic investments, economic and financial markets-related projects and initiatives related to asset allocation activities.
Manage a small staff group of generalists and/or specialists.
Collaborate with other team leaders within Investments to onboard top talent, including summer interns and rotation hires.
Manage externally managed public equities and core fixed income portfolios with investments across a wide range of geographies, styles and strategies.
Serve as an important interface contact for the investment team with external investment managers.
Manage a significant part of existing and new relationships with external investment managers.
Conduct research on new investments, manager diligence and underwriting for new and existing managers.
Make allocation or reallocation decisions.
Communicate with external managers.
Inculcate best practices and understanding of the macro-economic and market outlook to the broader portfolio.
Work closely with investment operations, legal, tax and other support functions to ensure a seamless collaborative approach.
Collaborate with Asset Allocation to define focus areas for strategy selection and manager diligence from an optimal portfolio construction lens.
Monitor current portfolio and strategies to determine if they are designed optimally.
Develop a strong understanding of sources of excess return.
Lead external manager diligence, underwriting and monitoring.
Build and maintain results-oriented and strategic relationships with existing and new investment management partners.
Conduct periodical portfolio review meetings and calls to stay updated on performance, its drivers, risk, views, and positioning.
Explain drivers of performance to investment leadership and collaborate to recommend portfolio actions.
Manage performance analytics for better return and attribution reporting.
Work with risk and quantitative analysis teams for risk and exposure monitoring.
Collaborate on portfolio construction, investments monitoring, and risk management as relevant for the respective bucket across asset classes within the overall total portfolio construction framework.
Share insights with leadership that would be relevant from a total portfolio lens.
Work closely with senior PM’s and CIO, and other senior investments leads senior directors and managers on periodic, ad-hoc, and special research projects.