Portfolio Specialist
This role aims to support PMs and traders in various aspects of client trade execution. For example implementation of FX trades and hedges, calculating hedge ratios for various portfolios, monthly rebalancing.
The client has a large amount of segregated AuM and often different investment accounts need to be traded multiple times for the same strategy etc. So this role is working closely with traders and PMs helping to ensure smooth running of day to day portfolio management and therefore would be a good move for someone looking to move from middle office and get one foot in the trading environment, and you must take the FSA CF-30 exam.
In order to ensure your prospects for long-term progression I seek to find candidates with MSc or good undergraduate degrees - certainly good maths capabilities and VBA knowledge will be an advantage.
The role is formally described:
As part of the team, you are responsible for the day-to-day portfolio management of all programmes including currency, cash and equitisation programmes. In this role, you will take responsibility for maintaining a robust control environment; escalating all issues of an operational, investment, and policy-interpretation nature; and ensuring the highest level of integrity with respect to the implementation of client mandates.
Key Result Areas and activities (outcomes/deliverables responsible for)
Key Result Area: Responsibilities
- Regulatory responsibilities adhered to by measuring; (a) complaints, (b) errors (c) breaches
Key Result Area: Portfolio Management
- Implements day-to-day portfolio actions, product monitoring and maintenance for all currency mandates, including: currency pair selection, scorecard management, ratcheting, cone monitoring, month-end rebalancing, mandate changes, new investment/ disinvestment, inter-fund rebalancing, and bespoke/manual mandate actions as specified
- Provides Trading Team with all information/instructions needed for execution
- Interprets investment policy, where necessary, and escalates as appropriate
- Implements discretionary investment decisions in accordance with investment policies
- Escalates any issues arising from normal day-to-day product management
- Informs Client Team of significant portfolio changes that have bearing on the manager/client relationship
- Analyses and interprets product information on a day to day basis
- Makes suggestions and develops tools to analyse performance on an ongoing basis
Key Result Area: Product monitoring tools
- Ensures product monitoring tools exist within a robust control environment
- Recommends efficiency and control enhancements to existing tools
- Specifies requirements for new tools in response to changes in investment processes or implementation of new investment processes
Key Result Area: Periodic rebalancing of all programmes, including active and passive overlay, segregated ‘currency for return’ accounts, and pooled funds
- Collects and collates exposure data information for each client on the relevant periodic basis
- Checks rationality of data against other information and query with the Client or Custodian where appropriate
- Prepares data into the format required and submits for execution as appropriate
Key Result Area: New clients mandate changes
- Reviews programme specifications for any operational/implementation issues.
- Validates programme initiation and start-up phase.
Key Result Area: Post Trade Compliance
- Liaises with front office risk to ensure that the required information is available to undertake the post trade compliance process.
Interaction (internal and external levels of contact and relationships).
Internal relationships across the Portfolio Management, Reporting Services, Operations, Trading and Client Teams. External relationships with clients, banks, custodians and prime brokers.
To apply please send your CV to chris.apostolou@Arbitrage-search.com, using subject line 'portfolio specialist'.
Thank you.
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