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Senior Product Specialist: Overlay Investment Strategy

Jersey City, New Jersey

Job Description:

Job Overview

There has been a consistent growth in centrally managed assets in line with strategic business objectives. Optima, which is an internally created proprietary portfolio management system is integral to the growth of the business creating scale, efficiency and cost save. The role will require maintenance and enhancement of the underlying rebalance algorithm within Optima to meet strategic business objectives. Create and maintain rebalancing algorithms within the proprietary portfolio management system. Work closely with Business and Technology partners to enhance the rebalancing algorithm to deliver overlay strategies and services.  Part of this role will also be extension of rebalance logic to support additional overlay strategies and services that seek to obtain, offset or substitute specific portfolio exposures.

Responsibilities include (but not limited to):

  • Maintenance and support of the rebalancing algorithm within the proprietary portfolio management system
  • Testing of the algorithm functionality to make sure it is operating as designed
  • Extension of rebalance logic to support enhanced overlay strategies and services (including tax managed strategies)
  • Enhancement of the algorithm to meet functionality and performance needs of the Overlay Portfolio Managers and Traders
  • Assist with development of the platform as it relates to Fixed Income portfolio management

Required skills:

  • Minimum 5+ years of experience in a financial firm with experience in investment management or trading applications
  • Bachelor’s Degree in Finance, Mathematics or Computer Science highly desired, or equivalent work experience
  • Must be highly organized with strong attention to detail, self-motivated, good work ethics and work effectively in a team environment
  • Must be intellectually curious and have strong critical thinking skills to solve complex problems
  • Should display agility and adaptability to effectively deal with changing business requirements
  • Requires good interpersonal skills and ability to collaborate and communicate effectively in groups
  • Requires good time management skills to deliver within project management deadlines
  • Advanced Excel VBA skills and Python experience is highly desirable

Enterprise Job code summary

Works with complex High Net Worth Investors to create customized investment strategies. Responsible for understanding strategic investment objectives, spending policy needs and unique client/prospect goals to provide guidance and develop, implement and manage investments. Portfolio Managers (PMs) can manage customized client portfolios on a fully discretionary basis and where applicable provides advisory services and single mandate strategies.  Manages individual securities (stocks, bonds, REITs, MLPs, etc.), SMAs, alternative investments, and Specialty Assets (i.e. Timber, Farm, Oil and Gas), in addition to monitoring the portfolios and rebalancing to ensure alignment of asset allocation with client's investment objectives and risk tolerances. Usually manages the firm’s the most complex and sophisticated relationships.

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Overview

There has been a consistent growth in centrally managed assets in line with strategic business objectives. Optima, which is an internally created proprietary portfolio management system is integral to the growth of the business creating scale, efficiency and cost save. The role will require maintenance and enhancement of the underlying rebalance algorithm within Optima to meet strategic business objectives. Create and maintain rebalancing algorithms within the proprietary portfolio management system. Work closely with Business and Technology partners to enhance the rebalancing algorithm to deliver overlay strategies and services.  Part of this role will also be extension of rebalance logic to support additional overlay strategies and services that seek to obtain, offset or substitute specific portfolio exposures.

Responsibilities include (but not limited to):

  • Maintenance and support of the rebalancing algorithm within the proprietary portfolio management system
  • Testing of the algorithm functionality to make sure it is operating as designed
  • Extension of rebalance logic to support enhanced overlay strategies and services (including tax managed strategies)
  • Enhancement of the algorithm to meet functionality and performance needs of the Overlay Portfolio Managers and Traders
  • Assist with development of the platform as it relates to Fixed Income portfolio management

Required skills:

  • Minimum 5+ years of experience in a financial firm with experience in investment management or trading applications
  • Bachelor’s Degree in Finance, Mathematics or Computer Science highly desired, or equivalent work experience
  • Must be highly organized with strong attention to detail, self-motivated, good work ethics and work effectively in a team environment
  • Must be intellectually curious and have strong critical thinking skills to solve complex problems
  • Should display agility and adaptability to effectively deal with changing business requirements
  • Requires good interpersonal skills and ability to collaborate and communicate effectively in groups
  • Requires good time management skills to deliver within project management deadlines
  • Advanced Excel VBA skills and Python experience is highly desirable

Enterprise Job code summary

Works with complex High Net Worth Investors to create customized investment strategies. Responsible for understanding strategic investment objectives, spending policy needs and unique client/prospect goals to provide guidance and develop, implement and manage investments. Portfolio Managers (PMs) can manage customized client portfolios on a fully discretionary basis and where applicable provides advisory services and single mandate strategies.  Manages individual securities (stocks, bonds, REITs, MLPs, etc.), SMAs, alternative investments, and Specialty Assets (i.e. Timber, Farm, Oil and Gas), in addition to monitoring the portfolios and rebalancing to ensure alignment of asset allocation with client's investment objectives and risk tolerances. Usually manages the firm’s the most complex and sophisticated relationships.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21076634

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Wayne Duncan

Referral Bonus:

0

Street Address

Primary Location:
101 HUDSON ST, NJ, Jersey City, 07302