Portfolio Manager II - Global Equity

Responsibilities

The Portfolio Manager II supports the management of, and ongoing research for, all internally managed portfolios in Global Equity both passive and active. The Portfolio Manager II researches and recommends internally managed portfolio solutions. The Portfolio Manager II provides upon request support for the analysis and research of external managers and strategies, in particular, quantitatively driven mandates. The Portfolio Manager II reports to the Senior Portfolio Manager – Global Equity.

5% - Independently manages internal passive portfolios as assigned by Senior Portfolio Managers

• Possesses and maintains the expertise to fully perform all portfolio management duties related to Global Equity’s internally managed passive portfolios

• Performs all daily maintenance functions including portfolio rebalance, trade list generation, and researching and responding to corporate action notifications

• Completes Daily Portfolio Status Worksheet (DPSW) for assigned accounts

• Maintains market knowledge by reading daily market literature, reviewing academic literature, and studying trends in the investment industry

• Maintains expertise in Barra Aegis, FactSet, Mellon Workbench, Eagle/Portal/Star, Bloomberg and any other software necessary in the internal passive portfolio management process

• Develops customized tools with R to enhance efficiency and accuracy of portfolio management functions

45**% - Supports the portfolio management of, and ongoing research for, all internally managed active portfolios**

• Possesses and maintains the expertise to fully perform all portfolio management duties related to Global Equity’s internally managed active portfolios

• Performs all daily maintenance functions including portfolio rebalance, trade list generation, and researching and responding to corporate action notifications

• Coordinates with Global Equity staff to accomplish regular rebalances of the portfolios in the most efficient manner

• Researches, develops, monitors and maintains analytical tools for use with the portfolios, and researches alpha generating or risk reducing enhancements to quantitative models

• Maintains proficiency with quantitative portfolio management tools, risk models, industry standards and academic research

• Enhances expertise in R, R packages data.table, Rglpk and xgboost, SQL, S&P ClariFi, Barra BPM and any other software necessary in the internal active portfolio management process

• Maintain data pipelines through S&P ClariFi or other data providers

45% - Researches and recommends internally managed solutions & provides support for the analysis and research of external managers and strategies, in particular, quantitatively driven mandates (Internal solutions can relate to factor investing, active management, currency management, index strategies, index providers, quantitative equity analysis and existing external managers)

• Provides upon request qualitative and quantitative analysis and research of external asset managers and strategies, including support during investment manager searches.

• Participates in quarterly manager meetings of quantitative investment managers

05% - Performs other duties as assigned

Qualifications

Four years of related experience. A postsecondary degree may be used as an alternative for years of direct experience.

Preferences:

• A bachelor's degree from an accredited college or university in finance, economics, accounting, statistics, or a related field

• Master of Business Administration of master's degree from an accredited college or university in finance, economics, computer science, mathematics, accounting, statistics, or a related field

• Strong computer programming skills (R strongly preferred, Python, SQL, etc.)

Knowledge, Skills and Abilities:

• Knowledge of quantitative portfolio management, fund-of-funds portfolio construction and risk management techniques
• Knowledge of advanced statistical functions and asset returns forecasting
• Advanced computer skills with emphasis on development of custom financial applications
• Familiarity with Microsoft Office Suite, including Excel and Word
• Strong analytical and quantitative skills, with comprehensive knowledge of finance and investment concepts
• Effective oral and written communication skills, including the ability to write clear memos and develop and deliver presentations
• Skill in conducting independent research, compiling data and presenting results in an articulate manner
• Ability to efficiently manage several projects and tasks simultaneously
• Ability to exercise initiative and independent judgement
• Ability to work independently and collaboratively

Hiring Range: $131,460 - $187,635

The State Board of Administration is an Equal Opportunity Employer

Successful completion of a pre-employment background check is a condition of employment with the State Board of Administration