Portfolio Associate team members directly support Portfolio Managers and build relationships internally with Account Managers, Product Managers, Legal and Compliance counterparts, Operations teams, and other Portfolio Associate teams across the firm’s global offices.
The ETF Portfolio Associate is responsible for supporting the ETF Capital Markets desk with navigating the primary order workflow for global active and passive Fixed-Income ETF products. On a day-to-day basis, the ETF Portfolio Associate uses their operational and fixed-income training to manage the complexity of create/redeem processes and oversees the ETF basket generation process for standard and negotiated in-kind/cash orders.
Position Development Value:
- Extensive exposure to industry authorities within Portfolio Management and across other functional areas of the firm
- A broad range of opportunities to collaborate with talented colleagues
- Learning environment focused on key buy-side portfolio risk and return principles
- Constructive feedback to foster career growth in addition to a formal annual review process
Responsibilities:
- Ensuring investment objectives are reflected across portfolios in scope
- Utilizing proprietary risk systems for monitoring of portfolio exposures
- Monitoring portfolio positions and products versus client guidelines in concert with Compliance team
- Assisting in account transitions and cash flow management
- Oversight of ETF primary order workflow within appropriate system
- Coordinating approvals with global Portfolio Managers for negotiated cash and in-kind orders
- Generate reporting and perform compliance checks subject to 6c-11 regulation of daily ETF baskets
- Manage ad-hoc requests from market maker/ETF Capital Markets desk and review automated ETF basket process for breaks
Requirements:
- Strong academic background in a technical field from a leading, accredited college or university
- Good understanding of fixed income asset classes, including knowledge of at least some of the following instruments; Treasury, Corporate, Securitized, Mortgages, FX and derivatives on all of these products.
- Outstanding communication skills are required to operate in a complex financial environment
- Excel “power user”
- Strong process-oriented background and ability to demonstrate keen portfolio risk and operational awareness
- Outstanding analytical skills with a proven ability to function efficiently and problem-solve in a fast paced and time-critical environment
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