Portfolio Construction and Risk Strategist

Recruiter
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Posted
23 Nov 2021
Closes
23 Dec 2021
Ref
12421453
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
WELLINGTON MANAGEMENT

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.

POSITION

Wellington is seeking a Portfolio Construction and Risk Strategist to work with the Global Risk and Analytics (GRA) team within Wellington Investment Science. Working with portfolio managers, Investment Science colleagues, and IT, the Strategist will develop and implement quantitative methodologies for portfolio construction, both on an ad-hoc basis, responding to real-time requests from portfolio managers, and on a systematic basis, building scalable solutions for portfolio construction.

The Portfolio Construction and Risk team provides Wellington investment teams with portfolio constructure solutions via two channels: (1) directly managing strategies that synthesize exposures efficiently as part of Wellington portfolios; and (2) providing quantitative methodologies through software for portfolio optimization and construction. This role will contribute to both channels. The team works across Wellington's entire investment platform, covering equity, fixed income, commodity, alternatives, and multi asset products, and very closely with the risk oversight teams in GRA to help investment teams successfully adopt quantitative approaches to portfolio construction and achieve superior risk adjusted return through rigorous, empirically grounded methods.

Examples of the scope of work for this position include developing methodologies for helping portfolio managers align views on expected return with quantitative techniques for position sizing; effective scalable approaches to implementing consistent active positions across multiple accounts with differing client guidelines and benchmarks; and implementing portfolio optimization algorithms that encompass flexible approaches to modeling risk and return objectives, practical market frictions (e.g., transactions costs, liquidity limits) and associated workflows within Wellington's portfolio management software and trading operations.

The work driven by the Strategist will be done both via direct individual engagements with portfolio managers and investment boutiques on specific portfolio construction questions, and in a more scalable form, working with colleagues in GRA and Wellington's information technology and portfolio services teams to build software for portfolio constructure.

The candidate should have significant experience in asset management, portfolio optimization, quantitative asset pricing, and with portfolio optimization software. To be successful the candidate will need to be able to build strong working relationships with senior portfolio managers, communicate complex topics to non-quantitative Wellington professionals and guide them in the use of quantitative techniques, and collaborate with programmers and IT staff to implement robust, scalable software with user friendly workflows.

QUALIFICATIONS
  • A minimum of 5-7 years working in the asset management or closely related industry
  • Deep understanding of portfolio optimization and construction paradigms
  • Experience with formal optimization software for portfolio construction
  • Experience with models for transactions costs and experience with trading a plus
  • Strong communication skills and ability to work with senior portfolio managers at a large asset management company
  • Strong technical background for prototyping and implementing, in code, optimizations and calculations relevant to programming skills (Python, R, SQL)
  • Ability to conduct independent research in a collaborative team environment
  • Advanced degree (Masters or PhD level) in a quantitative field (math, statistics, physics, electrical engineering, operations research), finance, econometrics. CFA/CAIA designations also relevant though not required.
SKILLS

JOB TITLE
Portfolio Construction and Risk Strategist

LOCATION
280 Congress

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .

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