ETF Managers Group is a rapidly growing issuer of thematic ETFs located in Summit, NJ with 15 funds and over $3 billion in AUM. We are searching for a ETF Portfolio Manager responsible for day-to-day index ETF portfolio management.
Job Purpose:
- The responsibilities will include portfolio management and oversight of day to day Index rebalances, developing baskets to facilitate daily order flows, corporate action events and working with other PMs and brokers on making trading decisions; fiduciary oversight including monitoring index tracking error and proposing, as necessary, strategies to reduce tracking error; internal client engagement with capital markets and product development
- In addition to the above, we prefer the candidate to be able to articulate clear and measurable goals to staff, providing continuous feedback on their performance. Strong cross-functional/business collaboration skills are required.
Your Responsibilities:
- Portfolio Management and Fiduciary Oversight: the daily portfolio management functions of an ETF such as creating an optimal portfolio which effectively tracks the index in a tax-efficient manner
- Under the supervision of the CEO, the portfolio manager will be responsible for tax management, corporate actions, cash and compliance trading, daily liquidity management, portfolio re-balancing, as well as risk and performance monitoring – ensuring portfolios are positioned within investment parameters and guidelines and track within performance expectations
- Apply quantitative techniques and models, coupled with specific market knowledge, to portfolio construction and risk budgeting
- Advise and collaborate with index providers on implementing methodology best practices
- Communicate with Authorized Participants, Market Makers and Broker Dealers while acting as an intermediary between liquidity providers and investors to facilitate ETF orders
- Monitor Bid-Ask spreads and premiums across product line; communicate concerns/issues with Lead Market Maker(s)
- Confirm accuracy of daily NAV, INAV, IOPV and other relevant information being communicated in the market.
Skills and Qualifications:
- A minimum of 5 years of ETF Index Portfolio Management Experience
- Experience and proficiency in Bloomberg API and Microsoft Excel is a must
- Candidate will have strong analytical skills to analyze and interpret various market data and apply such information to written reports and oral presentations
- In-depth knowledge of the ETFs market, prior trading experience, and the ability to provide market and fund attribution analysis
- Series 3, 7, 24, 63 is preferred, but not required.
Forward applications to oliver@jobsinetfs.com
