AddressWho We Are:
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 4,400 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.
Who You'll Work With:
We are looking for a Portfolio Implementation Associate to join our Private Wealth PMG team in New York, NY or Nashville, TN.
Private Wealth Portfolio Management Group supports the implementation of our private client accounts. The Private Wealth product suite is becoming more complex and we are looking to grow our team to support this. 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 the trading desks, operations and sales teams. Functions may include portfolio construction, monitoring asset exposures and allocations, managing client specific requests, tax management, monitoring pre-trade client guideline compliance and exception resolution. Portfolio Implementation Associates initiate trades and monitor the portfolios on an ongoing basis. Portfolio Implementation Associates develop a deep understanding of AB’s investment products and operational policies and procedures.
What You'll Do:
Implementing investment decisions for individual equity accounts
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 Wealth PMG manages hundreds of transactions per week and the PIA is responsible for contributing to this volume.
Liaising with other departments internally, including Senior Portfolio Managers, Research Analysts, Legal/Compliance, Sales/Marketing, Trading, and Investment Operations/Accounting
Project-based initiatives related to trade implementation product design and process improvement
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
What We're Looking For:
Bachelor’s degree candidates in business, finance, economics, math, computer science, engineering, or liberal arts
Has 1-3 years of wealth management or financial operations experience
Previous experience with US Equity operational product design a plus
Candidates must be able to work in the U.S. without visa sponsorship (now or in the future)
AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria.
New York City, New YorkNashville, TennesseePDN-9c03a59a-cb00-4769-a805-7ca2aa98f4bb
