Portfolio Manager - Options-Based ETFs & Systematic Investment Strategies, VP II - State Street Investment Management

State Street•Boston, MA

3d•$120,000 - $202,500

About The Position

State Street Investment Management is seeking an experienced, analytical, and entrepreneurial Portfolio Manager to join its ETF investment team and help build options-based ETFs in the Americas. The role combines hands-on portfolio management with product innovation, quantitative research, and ETF business development. The Portfolio Manager will manage ETF portfolios, oversee basket activity and fund operations, develop investment solutions, and collaborate with trading, capital markets, product, compliance, risk, operations, and technology teams. The position covers options- and swap-based ETF strategies, including buffer ETFs, income solutions, defined-outcome products, and other derivatives-based strategies. The Portfolio Manager will contribute to the development of a growing platform and help turn investment concepts into scalable products intended to deliver client outcomes.

Requirements

Experience managing options-based strategies, buffer ETFs, covered call ETFs, structured outcome products, or related investment solutions.
Strong knowledge of listed options, derivatives, volatility markets, and portfolio risk management.
Demonstrated ability to manage complex portfolios and make sound investment decisions in dynamic market environments.
Exceptional analytical and problem-solving skills.
Strong attention to detail and commitment to operational excellence.
Excellent communication and collaboration skills.

Nice To Haves

Experience in portfolio management, ETF management, derivatives investing, quantitative investing, indexing, or related investment disciplines.
Experience with ETF creation/redemption baskets and ETF trading workflows.
Experience partnering with capital markets, trading desks, and liquidity providers.
Experience with indexing, rules-based investing, or index research.
Experience conducting options research and developing quantitative backtesting frameworks.
CFA designation or progress toward completion.

Responsibilities

Manage a range of ETF strategies, including options- and swap-based and outcome-oriented investment solutions.
Oversee daily portfolio monitoring, rebalancing, trading decisions, cash management, and risk oversight.
Monitor portfolio exposures, derivatives positions, liquidity, and risk metrics for alignment with investment objectives and guidelines.
Support trading across equities, ETFs, listed options, FLEX options, and related instruments.
Partner with Product Development to design, launch, and enhance ETF solutions.
Research and develop investment concepts focused on options-based investing, income generation, downside protection, and outcome-oriented strategies.
Evaluate competitive products and identify opportunities in the ETF marketplace.
Collaborate with index providers and research partners to develop benchmarks and investment methodologies.
Conduct quantitative research on options-based strategies and portfolio construction.
Develop and maintain backtesting frameworks to evaluate strategy performance across market environments.
Analyze option pricing, volatility dynamics, market structure, and trading implementation considerations.
Provide investment insights for portfolio enhancements and new product development.
Partner with Capital Markets to enhance ETF liquidity, trading efficiency, and market quality.
Work with market makers, authorized participants, and liquidity providers to improve ETF execution and secondary-market trading.
Contribute to scalable ETF operating and trading processes.
Partner with Risk, Compliance, Operations, and Technology to strengthen controls and minimize operational risk.
Enhance portfolio management processes for scalability, automation, and operational efficiency.
Participate in investment oversight and governance to ensure adherence to investment guidelines, regulatory requirements, and fiduciary responsibilities.
Help establish best practices for managing complex options-based ETF portfolios.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, long-term disability, and optional additional insurance coverage.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, except for certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.