Senior Portfolio Manager, Equity Derivatives recruitment
Role Summary
This position provides specialized investment support for Russell's synthetic overlay clients. Russell's clients are domiciled around the globe with investment mandates that span all major developed, emerging and hedged equity benchmarks. This position calls for a highly organized individual with strong analytical, quantitative and communication skills.
The responsibilities of the individual in this position include:
Objectives include researching, presenting and implementing customized portfolio overlay and hedging strategies. Specific derivatives focus will encompass a range of products from plain vanilla listed futures and options to complex, OTC structured solutions. The position will also have significant trade execution responsibility. Experience from a product strategy development, evaluation and trading perspective will be critical. Successful candidate will interact with traders, portfolio managers, street side coverage, quant staff, IT staff and external clients, so strong teamwork and communication skills are imperative. The position will often serve as subject matter expert for both internal and external clients, so the ability to educate and communicate complex concepts in plain English will be critical. An understanding of a wider set of financial products ' including the interaction of equity derivatives with rates, FX and commodities is essential given the diverse nature of Russell's client base.
The role will also include involvement with the deployment and optimization of a new order management system for derivatives trading. Work with developers to integrate this system with legacy portfolio management and execution tools will be among the position's objectives.
The successful candidate will have extensive demonstrable skills and experiences including the following:
- Bachelor's degree in finance, economics or mathematics (advanced degree and/or CFA designation is desirable).
- Minimum of four years in equity derivatives research, trading and/or analytics environment with preference for at least one year of focused equity derivatives trading.
- Knowledge of global investment benchmarks.
- Understanding of options volatility modeling, correlation management, Monte Carlo techniques.
- Ability to build and maintain pricing and risk models.
- Understanding of performance measurement methodologies.
- Excellent written, verbal and presentation skills as well as proven time management skills.
- Ability to work independently.
- Other desirable traits: professional presence, ability to work in within a team framework, tenacity, enduring sense of humor and above all intellectual curiosity.
- Programming skills in VBA, .Net, C#, C/C++ are a positive.
- Familiarity with the pension fund industry is preferred.
Russell Overview
Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries.
Through a unique combination of interlinked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. Headquartered in Seattle, Washington, USA and with offices in major financial centers worldwide, Russell has $152 billion USD in assets under management (as of June 30, 2012) in its mutual funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection.
Russell offers a comprehensive range of implementation services that help institutional clients maximize their assets. The Russell Indexes calculate over 50,000 benchmarks daily covering 65 countries and more than 10,000 securities.
We offer a competitive compensation and benefit package including: medical, vision and dental coverage, profit sharing retirement plan, sabbatical leave, and tuition assistance. Most importantly, Russell offers a work environment where respect for the individual and teamwork are part of our fundamental values. Russell supports workforce diversity and we are an Equal Opportunity Employer.