Monday, July 2, 2007

Associate Portfolio Manager

Apply for Portfolio Manager position at Russell

Description
At Russell, we recognize that we all live in an under-invested world. Our mission of improving financial security for people has never been more important. But we can't do it alone.

Right now, investors in 40 countries, representing $2.4 trillion, trust Russell to help build a better future. We pioneered multi-manager investing, the Russell 2000® Index, and many other industry-shaping innovations. But we focus just as hard on enhancing our communities and improving the quality of life for our employees. As you consider joining us, know that we're a growth company, but one with a soul.

This position is eligible for relocation.

The Associate Portfolio Manager is responsible for investment management of multi-manager portfolios and separate accounts. The primary objective of the APM is to generate superior investment performance with portfolios meeting or exceeding stated objectives.

The Associate Portfolio Manager role will work alongside the lead Portfolio Manager managing Russell's Global Equity multi-manager funds. The role involves monitoring and ongoing analysis of the funds and underlying managers, both in terms of drivers of performance and sources of risk, making sure the best insights from the team's research insights on capital markets and managers are incorporated. Contribution to manager selection and fund structuring decisions will depend on the experience and investment ability of the individual and would be expected to increase gradually over time.

The role will involve a significant amount of interaction with external clients and prospects and Russell business units representing the funds and Russell Global Equity team.

The responsibilities of the individual in this position include:

Portfolio Management

* Provisional selection and combining of managers and for managing structural biases and tilts in collaboration with the lead PM, asset class team, and subject to ISC approval
* Supervises and helps the development of analytical tools in the portfolio management process to understand risk and exposures; monitor risk and return profile for each fund
* Ensures full documentation of portfolio decisions and manager meetings and supervises fund reporting
* Demonstrates leadership within asset class team and supervises and trains less experienced analysts
* Liaison with Capital Markets and Manager Research to Capture best ideas for alpha generation

Portfolio Design and Development

* Works with sales and client service units to specify and assess viability of new products including product definition and development.
* Constructs products in collaboration with asset class team.
* Sponsors new (capital markets) research and contributes to development of manager research process.
* Ensures portfolio design process incorporates best research input and ideas.

Sales, Client Service and Reporting

* Represents asset class and funds to external clients and internally.
* Participation in presentations to prospects, existing clients and consultants.
* Write articles for web site, participation in conferences, respond queries, etc.
* Keep internal business units and leaders up-to-date with market developments and trends.

Requirements

* Preference for Master degree in Finance, Mathematics, Econometrics, Investments or business
* Chartered Financial Analyst designation required
* Five to ten years of relevant investment related experience in a portfolio management or manager research role
* Thorough knowledge of global capital markets, investment strategies and managers. Firm grasp of and experience with operational framework and regulatory obligations. Actual portfolio management in an asset class is seen as a valuable background
* Portfolio management skills (benchmarking processes, contracting and negotiation skills, dealing with resistance, information gathering, diagnosing problems, and feedback skills)
* Financial analysis, strategic and theoretical skills; in-depth performance measurement analytics and methodology
* Demonstrated ability to take successful, reasoned and timely investment decisions. Demonstrated ability to implement these decisions.
* Proven ability to represent the firm externally to clients, prospects, media, managers, suppliers etc
* Proven and reliable written and oral communication skills (including presentations).
* Excellent interpersonal skills, integrating tact and flexibility

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