Sydney
Asset Management
Permanent
Our client is a growing International Asset Manager with a significant market present in Australia. The Assistant Portfolio Manager will join a team of Investment professionals that form the core function of the business and drives its ultimate success.
Job Purpose:
* Assist with management of the assets of all ETFs.
* Ensure all ETFs perform in line with their investment objectives and remain within mandates.
* Prepare daily reconciliations between front office systems and the official valuations.
* Identifying and executing trades necessary for funds to meet their investment objectives, including index changes, cash flows, corporate actions, and currency hedging.
* Monitoring of capital markets activities.
* Assist with regular fund reporting requirements, including preparation of reports for management, external data vendors, regulators, and service providers.
* Developing front office tools.
* Respond to ad hoc request for fund information from sales and clients.
* Collaborate and coordinate efforts with portfolio administration, compliance, and other business functions.
Key Accountabilities and Scope:
* An understanding of the investment process for ETFs from the point of purchase of the ETF to the allocation and management of the assets on an ongoing basis.
* Daily monitoring of fund exposures relative to the underlying index.
* Daily monitoring and analysis of tracking error including identifying and resolving any problems.
* Daily sign-off of fund valuations and production of fund composition files.
* Liaise with market makers in relation to capital markets activities.
* Provide input into product development from the initial concept stage, through to design, index selection and implementation.
* Monitor service providers to ensure activities are carried out in accordance with SLAs,
* Liaise with legal and compliance regularly to ensure all activities are carried-out within the regulatory framework.
Skills and Qualifications Required:
* Educated to degree level or equivalent, e.g. CFA.
* 3 to 5 years of previous experience in asset management, index/portfolio trading desk an advantage.
* Excellent technical knowledge of financial products, strong analytical and numerical skills to calculate and interpret portfolio management and risk measurements.
* Advanced Microsoft Excel knowledge including advanced skills in VBA programming. Proficiency in other programming languages desirable.
* Strong risk management mindset.
* Seek innovative solutions to problems as they arise, implementing new processes and system developments.