Mellon Direct Indexing - Senior Portfolio Manager/ Strategist /Product Manager (Hybrid)

BNY Mellon
San Francisco, USA
Nov 19, 2022
Dec 03, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About Mellon:

Driving client outcomes through perspective, precision and partnership. Mellon is a global leader in index management and one of the world's largest institutional index managers by assets under management. Since 1983, Mellon's dedication to precision and client partnership has gone beyond the benchmark. Our storied history of innovation can be tracked back to the 1970s to founders William Fouse and Thomas Loeb, who are widely recognized as pioneering developers and champions of indexing. Armed with perspective earned from 40 years of experience, Mellon manages money for many of the world's most sophisticated clients, proving that index investing requires an active mindset.

We're looking for new talent as we expand into Direct Indexing in partnership with PershingX.

Potential Hiring Locations: Boston, Pittsburgh, San Francisco, New York

Mellon Direct Indexing - Senior Portfolio Manager/ Strategist /Product Manager
  • We're looking for a dynamic and detail-oriented individual with 7-10 years of applicable investment experience and a strong work ethic who can collaborate effectively across a large organization. Our ideal candidate is a problem-solver, willing to dig in to help build and innovate.
  • Excellent communication skills are essential.
  • Responsible for overseeing and managing the daily portfolio management functions for direct index portfolios that will incorporate quantitative risk models and optimization programs to manage tax-sensitive equity accounts and client-directed restrictions at scale
  • Work closely with engineering technologists and overall support team to build, scale and manage risk for the portfolio management process
  • Analyze equity taxable transitions for optimal tax efficient results
  • Work closely with Advisors and internal client-facing teams to support client needs and assist in asset gathering efforts
  • Contribute to forward-looking product and capabilities development
  • Collaborative attitude and hands on approach a plus
  • Previous experience managing direct index or index SMA portfolios
  • Python experience would be an asset
  • Aladdin platform a plus

  • Manages a significant amount of assets independently within investment policy guidelines.
  • Implements investment strategies consistent with client financial goals and risk tolerance and in accordance with the investment policies/philosophies and procedures and applicable regulations.
  • Works alongside and oversees other members of the portfolio team
  • Will meet with clients and new business prospects to communicate investment strategy, discuss market performance and current market conditions as needed
  • Overseeing strategy by participating in investment committee meetings, preparing commentary and raising issues for further research.
  • Evaluate the performance of investments and makes timely changes to a portfolio to meet investment objectives or allocation guidelines.
  • Gather key stakeholder input and leverage data and information to help the business track key performance indicators and make business decisions.
  • Build and collaborate on necessary process developments and improvements to enable executive leadership to make informed decisions on changes that impact the portfolio.
  • Develop and share policies and strategies to improve the business performance.
  • Contributes to team/firm profitability by assuring retention and expansion of existing client relationships by contributing to superior investment performance and client services.

  • Bachelor's degree or the equivalent combination of education and experience is required.
  • Advanced/graduate degree preferred.
  • 7-10 years of total work experience preferred and 7 years or more of directly applicable investment experience preferred for MBAs or CFAs.
  • Applicable local/regional licenses or certifications as required by the business.
  • Previous experience managing direct index or index SMA portfolios a requirement

**This role offers a hybrid working environment - 2 days in the office and 3 days remote working along with the ability to work remotely from anywhere in the world for up to 2 weeks.**


Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

EEO Statement:

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
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