Portfolio Construction and Risk Strategist
Portfolio Construction and Risk Strategist
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Job Description
About Us
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 Analyst to work with the Portfolio Architecture team within Global Risk and Analytics (GRA). The Analyst will collaborate with GRA 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 Analyst 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 Analysts 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.
Key responsibilities for this role include:
Developing methodologies and workflows for tax efficient trading of active equity ETFs;
Extending algorithms and GUI functionality for portfolio optimization within GRAs Python optimization libraries;
Participating in the teams 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; and
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 Wellingtons portfolio management software and trading operations.
QUALIFICATIONS
Advanced degree (Masters or PhD level) in finance econometrics quantitative field (math statistics physics electrical engineering operations research)
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
0-5 years of experience working in the asset management or closely related industry
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
JOB TITLE
Portfolio Construction and Risk StrategistJOB FAMILY
LOCATION
280 CongressNot sure you meet 100% of our qualifications Thats ok. If you believe that you could excel in this role we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill workplace experiences and backgrounds.
As an equal opportunity employer Wellington Management considers all qualified applicants will receive consideration for employment without regard to race color sex sexual orientation gender identity gender expression religion creed national origin age ancestry disability (physical or mental) medical condition citizenship marital status pregnancy veteran or military status genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability or are assisting a candidate with a disability and require an accommodation to apply for one of our jobs please email us at .
At Wellington Management our approach to compensation is designed to help us attract inspire and retain the best talent in our strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary variable compensation and benefits. The base salary range for this position is:
USD 80000 - 180000This range takes into account the wide range of factors that are considered when making compensation decisions including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salaryis only one component of Wellingtons total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives if addition we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan health and wellbeing dental vision and 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 and paid time off (leave of absencepaid holidays volunteer sick and vacation time).
We believe that in person interactions inspire and energize our community and are essential to our support of this commitment our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.
Employment Type
Full-Time
