Structured Research Strategy Associate Portfolio Manager

Employer
T. Rowe Price
Location
Baltimore, MD
Salary
commensurate with experience
Posted
Jul 23, 2021
Closes
Aug 22, 2021
Ref
Req #52637
Industry Sector
Asset Management
Employment Type
Full Time

Position Purpose:

This position assists Portfolio Managers in managing a strategy in accordance with its respective investment mandate and guidelines to maximize long-term performance. The range of accountabilities of each APM varies based on the unique needs of the Portfolio Manager.

Primary Accountabilities:

The following apply to both the U.S. and International Structured Research strategies (SRS):

Team management and long-term strategy

Collaborate with Directors of Research regarding timing of new analysts joining the SRS team; on-board new analysts to the SRS team; compile performance data for all participating analysts; provide timely feedback regarding analyst performance.

Develop quantitative analyses contributing to the management of each strategy; facilitate monthly meetings of Portfolio Oversight Teams; prepare analyses/materials and conduct annual SRS Team meetings; produce relevant data for SRS Advisory Committee meetings.

Daily Oversight Responsibilities

Evaluate risk profile of the master portfolio; ensure consistency of SRS positioning with ratings, comments in notes and meetings; manage overall cash balance, cash allocation and movement among analysts; manage monthly rebalance process; monitor and evaluate portfolio performance.

SRS Business/Franchise Management

Sales/Consultant Relations: Present team, process and results to prospective clients and consultants; participate in finals presentations for a variety of client types; develop relevant new exhibits to help tell the SRS story and position it vs. passive investing; review presentation materials for continued relevancy

Client Service: Travel to meet with clients in their offices (U.S., Europe, Canada, and Asia); develop specialized presentation materials for meetings with clients; respond to ad hoc requests from clients; review performance, including discrepancies from master portfolio performance, due to client-imposed restrictions.

Skills Required:

  • Understanding of what drives risk and returns in a portfolio, including active share, tracking error, up/down capture, risk factors, risk models; ability to evaluate these factors with respect to the SRS portfolio, as well as identify other factors that should be evaluated
  • Understanding of how TRP invests
  • Ability to synthesize analyst notes/recommendations and understand how they should translate into portfolio positions and rankings
  • Ability to identify broad investment themes and how they impact the portfolio
  • Ability to provide constructive, specific feedback
  • Excellent oral/written communication skills
  • Willingness/ability to travel based on sales/client service needs
  • Perspective on institutional market, including present challenges, and how we can tailor our portfolio/story to meet the changing needs/wants of the market
  • Attention to detail and organization
  • Understanding of multi-factor and univariate return attributions
  • Ability to present an investment story to a variety of audiences, written and verbal
  • Ability to work with multiple teams (Investment, Sales/Client Service, Legal, Trading, ITS)
  • Ability to make timely decisions

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