Job Description:
The Portfolio Management Group is responsible for the management of our investment offering and the implementation of Dimensional’s investment philosophy. Portfolio Management interacts and collaborates closely with several departments including Investment Data and Analytics, Legal, Compliance, Trading and Operations as well as the client group. The overarching goal of the Portfolio Management department is to consistently manage with accuracy the quality and integrity of our investments on behalf of our clients.
Within Portfolio Management, the ETF Capital Markets team manages Dimensional’s growing ETF business. The team assists with new product launches, monitors trading activity, competitive and market analysis, and new business development and client support.
Reporting to the Head of Capital Markets, the ETF Capital Markets Manager is responsible for developing, maintaining and evolving the operational and technical infrastructure of the ETF Capital Markets platform. You will be responsible for engagement with the broker dealer community, stock exchanges and platforms, as well as partnering with internal teams for client service. The manager is responsible for understanding the nuances of trading ETFs spanning all asset classes and ensuring an efficient trading ecosystem.
Responsibilities:
- Lead relationships with market participants in the ETF capital markets ecosystem, including authorized participants, market makers, bond trading platforms and exchanges.
- Develop partnerships and strengthen cross-collaboration across investment groups, investment solutions, and all internal stakeholders.
- Work closely with the broker dealer community to promote efficient primary and secondary market activity in Dimensional ETFs.
- Coordinate execution of key initiatives and projects within the ETF Capital Markets platform across functional groups.
- Manage business processes and operational requirements of ETF Capital Markets platform across asset classes.
- Engage in the product development and launch of ETFs by partnering across Dimensional to match client demand to the launch of ETFs.
- Manage relationships with vendors pursuant to pricing and trading data while and contributing to the build out of new tools and processes to monitor ETFs and identify future capabilities.
- Collaborate with investment teams, legal and compliance to create and maintain ETF rule policies and procedures for custom baskets and AP oversight.
- Document key functions and best practices for Dimensional ETFs including the expanding the comprehensive procedure manual.
- Provide ETF surveillance by monitoring day-to-day market quality of ETF products including volume, primary flows, premiums/discounts, short interest and borrow and identify trends.
- Assist clients in achieving efficient execution when trading Dimensional ETFs. Provide education on ETF liquidity and effectively communicate specific trading strategies and associated costs.
- Partner with the Investment Solutions Group and Global Client Group to respond to client inquiries on ETFs.
- Work with internal partners to create educational materials for fixed income ETFs.
- Participate in client and industry events and conferences to promote ETFs.
Qualifications:
- A Bachelor’s degree is required, and an MBA or CFA is preferred.
- At least 5 years of relevant ETF experience.
- Series 7 required (or ability to attain within 3 months of hire).
- Strong knowledge of ETFs and the ETF capital market ecosystem.
- Ability to build strong relationships with key stakeholders both internally and externally; influence and collaborate effectively.
- Experience with equity and fixed income instruments and the broader market ecosystem.
- Strong written, verbal and communication skills and ability to communicate and present to the organization and externally.
- Strong technical skills (Excel, Bloomberg, etc.).
- Ability to drive results and operate independently.
- Limited travel (<25%).
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