Portfolio Implementation Associate

Company Description:

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.

With over 3,700 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.
 

We are looking for an Associate Portfolio Manager to join our Private Client PMG team in Pune, India.

Private Client PMG supports the implementation of our private client accounts. The associate will gain an understanding of private wealth management and the customization we provide our clients to meet their financial goals such as tax aware investing and wealth planning.  The Portfolio Management Group (“PMG”) is responsible for portfolio implementation and supports the global portfolio management teams by authorizing and implementing portfolio decisions, and serving as the contact point with operations and sales teams.  Functions may include monitoring asset exposures and allocations, managing client specific requests, tax management, monitoring pre-trade client guideline compliance and exception resolution. Associate Portfolio Managers initiate trades and monitor the portfolios on an ongoing basis.  Portfolio Implementation Associates develop an understanding of AB’s investment products and operational policies and procedures.   

Specific Responsibilities will include:

• • Day to day monitoring of portfolio positioning, trade executions, cash management and compliance with client guidelines

  • Addressing client requests and managing events throughout the client’s life cycle, such as cash flows, transitions, and account openings and closings. Private Client PMG manages thousands of transactions per week and the APM is responsible for contributing to this volume.

    • Cashflow Management involves:

      • Cash flow In - Investing client’s cash (buying equity stocks, mutual funds, ETFs) as per their desired asset allocation.

      • Cash Flow out – Generate cash as per client request from their portfolio by selling relevant securities without hurting client’s asset allocation.

  • Rebalancing of client’s portfolios to realign their asset allocation that might have changed due to market movements.

  • Quality control reports to monitor client portfolios.

  • Performing Tax estimates – Projecting client’s tax implications of client specific activity

  • Liaising with other departments internally, including Legal/Compliance, Sales, and Investment Operations.

Successful candidates will possess the following attributes:

• • An interest in the financial markets, industry regulations and portfolio management

  • Detail-oriented with strong quantitative and analytical skills that can be leveraged to evaluate portfolios

  • The ability to prioritize, multitask and work effectively with a team in a deadline-driven environment

  • Strong interpersonal skills and ability to effectively communicate and build relationships with teams throughout the organization

  • An ability to think holistically, understand end-to-end processes and reconsider the status quo

  • A proactive and inquisitive approach toward new challenges and problem-solving

Candidates should be top academic performers, be interested in the investment management industry and meet the following criteria:

• • Bachelor’s degree candidates in business, finance, economics, math, computer science, engineering, or liberal arts

  • Has 1-2 years of experience specific to US market operations and understanding of Portfolio Management Operations.

  • Required to work the night shift – US hours.