Portfolio Manager Trainee / Execution Officer

Full Job Description

Responsibilities include:

In the near term, while gaining an understanding of our process the role will focus on assisting the PM team with trading. This will cover:

• Putting on trades using algos via our OMS / PMS system Eze
• Monitoring algo performance via TCA reports and recommending changes to algos and execution counterparties
• Working with others in the further development of TCA reports
• Executing futures trades via either high or low touch o Interacting with prime brokers and others to gain market colour on blocks to enable more efficient trade execution
• Alerting the PM team of breaking news of price action(s) that are relevant to the day’s trades
• Monitoring trades for trade failures o Locating stock borrows
• Interacting with our prime brokers and others to gain market colour on borrow with the view of mitigating recall risk and upward price rerating
• Determining FX hedge amounts
• Executing FX hedging o Assisting with various aspects of managing multiple segregated accounts (pari-passu to the main funds)
• As a junior PM, when the time comes, a willingness to accept and be responsible for running a sleeve of risk and being a fiduciary to our funds and clients.
• Assisting the PM team in attribution analysis and performance measurement as this will aid understanding of what drives our process.
• As a back-up, working with others in the preparation of PowerPoint slides related to performance or the portfolio and its performance.

Qualifications and experience:

• Bachelor’s degree or above with good academic grades (equivalent of a 2.1 or better)
• 3-5+ years of relevant experience in a portfolio management environment.
• Must have some trading, analyst (quant or fundamental), or assistant PM type experience.
• Strong Excel skills and experience with PowerPoint
•  Experience with Python and VBA is a plus
• Experience with any OMS / PMS a plus
• Fluent in English.

Qualities we look for:

• A desire to make a difference and evolving to the best one can be. This is in keeping with our objective of providing an elite level of performance and client experience.
• Have a passion for investing and a clear understanding of statistics.
• A high level of natural numeracy and a logical approach to tasks. From looking at a spreadsheet of numbers / formulas you should be able to quickly ascertain if there are any obvious errors / that the data is reasonable.
• High level of accuracy and attention to detail – even when doing a task multiple times. Must be able to maintain concentration levels and maintain standards over the day.
• Ability to thrive in an environment where there is continual change which requires creative problem solving and an ability to think on the fly.
• Ability to self-check and think quickly across problems with multiple dimensions for reasonableness.
• Organised and efficient with regular, time-sensitive tasks.
• A self-starter, fast learner and be comfortable working autonomously while being a team player.
• A willingness and desire to work hard to achieve longer term success. This is an outstanding opportunity, and the successful candidate is expected to make the most of it.
• Motivated by being of service to others.
• Our style is for the PM team to work together as a team rather than having a star PM. As such the role is more suited to a person who wants to be part of a winning team rather than just making a name for oneself.
• Strong communication skills and a natural disposition, without hesitation, to ask questions and call out errors (made by either self or others) so that problems can be dealt with swiftly and risk controlled.
• Highest ethical standards and intuitive understanding of the importance of putting the client first.