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Our Wealth Management client is looking for a skilled Portfolio Management Associate to join the team in midtown Manhattan, New York. This role involves collaborating closely with the Head of Investments and Wealth Advisors to oversee and manage client portfolios, perform asset allocation and execute trades utilizing a centralized trading platform, Envestnet Tamarac. The ideal candidate will ensure portfolio strategies align with investment policies and client objectives across diverse asset classes, including equities, fixed income, and alternative investments.
Job Responsibility:
Collaborate with Wealth Advisors and the investment team to maintain client portfolios in alignment with asset allocation targets, including tasks such as rebalancing, investing cash, raising funds for distributions, and tax loss harvesting
Oversee and manage the trading platform, Envestnet Tamarac, ensuring account maintenance, trade settings, and reconciliation are completed accurately
Execute firmwide trading initiatives efficiently, including block trading
Actively participate in the firm's Investment Committee, contributing to strategic decisions
Build and maintain relationships with third-party investment solution providers, such as FactSet
Monitor and analyze portfolio performance to provide insights that support investment strategies
Ensure compliance with investment policies and regulatory requirements
Provide detailed reporting and updates to clients and stakeholders regarding portfolio management activities
Requirements:
Minimum of 3 years of experience in portfolio management, trade execution, portfolio research or analysis
Comprehensive understanding of modern portfolio theory, including strategic and tactical asset allocation
Strong preference for experience using Envestnet Tamarac
Advanced skills in Microsoft Excel, Word, and PowerPoint, along with familiarity with research tools such as Morningstar Direct, FactSet, and Bloomberg
Commitment to maintaining confidentiality and adhering to ethical standards in portfolio management