Senior Investment Research Analyst, Wealth Management Portfolio Research (Investment Practice)

The position is for a Senior Analyst on the Wealth Management Portfolio Research team who would support the team's ongoing innovation and work in asset allocation, portfolio construction, and manager selection and monitoring.

The Senior Analyst primarily participates in the selection and monitoring of new and approved investment products across asset classes, including conducting quantitative performance and risk analysis, qualitative analysis of the investment process and people, the production of written reports with opinions, and the development and maintenance of proprietary performance and risk tools. An area of focus is the ongoing expansion of the WM Alternatives platform of hedge funds and private investments, so relevant experience selecting and monitoring alternative investments is preferred. The Senior Analyst also participates in the development of published investment research and supports the field with client resources and analytical reports.

Major Duties

1. Participate in the manager selection and monitoring process including:

a. Quantitative performance and risk evaluation;

b. Qualitative evaluation of the investment process, people and news;

c. Evaluation of expense and tax profiles and their performance impact;

d. Manager interviews;

e. Written reports and opinions;

f. Collaboration with colleagues, consultants and committees related to the selection and monitoring process;

g. Development and maintenance of performance and risk evaluation tools and monitoring reports;

2. Help develop and maintain materials that support the field including:

a. Best practices

b. Quarterly investment research articles

c. Educational presentations

d. Fulfilment guidance on manager combinations

Knowledge/Skills

The ideal candidate would have a CFA/CAIA (or PhD), with a solid quantitative background in statistical methods and a familiarity with key academic research in financial economics. The individual should be able to apply financial theory and economic intuition to empirical investment analysis, and extend their analysis to include qualitative considerations. They should have portfolio-level investment experience that includes manager selection across asset classes, with specialty expertise in the evaluation and monitoring of alternative investments. The individual must have strong written and oral communication skills. Critical thinking, creativity, and the ability to work in a highly collaborative environment are required.

Experience and Requirements

10+ years investment experience, including experience evaluating, selecting and monitoring alternative investments. CFA/CAIA (or PhD) preferred. The ability to code in Python is a plus.

Additional Information