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- Tasks: Develop quantitative methodologies for portfolio construction and optimise investment strategies.
- Company: Wellington Management, a leader in global investment management.
- Benefits: Competitive salary, hybrid work, health coverage, and education support.
- Why this job: Join a collaborative team and make a real impact in finance with innovative strategies.
- Qualifications: Advanced degree in finance or quantitative field and 5+ years in asset management.
- Other info: Dynamic environment with opportunities for independent research and career growth.
The predicted salary is between 60000 - 108000 £ per year.
Portfolio Construction and Risk Strategist
Portfolio Construction and Risk Strategist – Wellington Management
About Us
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions are tailored to the return and risk objectives of institutional clients in more than 60 countries, drawing on proprietary research and a collaborative culture. As a private partnership, our ownership structure supports a long-term view aligned with client interests.
The Position
Wellington is seeking a Portfolio Construction & Risk Strategist to work with the Portfolio Architecture team within Global Risk & Performance Strategy. The Strategist will collaborate with GRPS colleagues, portfolio managers, and IT professionals to develop quantitative methodologies for portfolio construction, address real-time requests, and build scalable portfolio optimization capabilities.
The Portfolio Architecture team assists investment teams in adopting quantitative approaches to portfolio construction and achieving superior risk-adjusted returns through rigorous, empirically grounded methods. They deliver portfolio construction solutions by managing strategies and offering investors quantitative portfolio optimization solutions both through self-service software and consultative support. This role contributes to both channels.
This role aims to provide best-in-class capabilities for portfolio construction. The Strategist is expected to become an expert in quantitative techniques, read research literature on asset pricing and investing, independently implement new methodologies, and conduct practical research to enhance portfolio construction for Wellington clients. While this is not a software developer role, a significant portion of the Strategist’s work will involve developing algorithms and infrastructure for portfolio optimization.
The ideal candidate will have strong analytical and organizational skills, thrive in a team environment, quickly learn new analytical applications and investment products, and develop specialized knowledge in quantitative portfolio construction.
Key Responsibilities
- Develop methodologies and workflows for tax-efficient trading of active equity ETFs
- Extend algorithms and GUI functionality for portfolio optimization within GRPS’s Python optimization libraries
- Participate in the team’s daily portfolio management and rebalancing workflows
- Develop methodologies for aligning views on expected return with quantitative techniques for position sizing
- Develop scalable approaches to implementing consistent active positions across multiple accounts with differing client guidelines and benchmarks
- Implement portfolio optimization algorithms that model risk and return objectives, accounting for practical market frictions (e.g., transaction costs, liquidity limits) within Wellington’s software and trading operations
Qualifications
- Advanced degree (Masters or PhD) in finance, econometrics, quantitative field (math, statistics, physics, electrical engineering, operations research)
- 5+ years of experience in asset management or closely related industry
- Understanding of asset pricing and basic portfolio construction paradigms
- Understanding of convex optimization and heuristics for non-convex optimization
- Strong technical background for prototyping and implementing optimizations and calculations in code (Python, R, SQL)
- Ability to think abstractly about complex mathematical problems, algorithms, and systems design
- Ability to conduct independent research in a collaborative team environment
- Capable of taking responsibility for independent projects with limited supervision
- Ability to work under pressure and adapt; humility and natural curiosity
Not sure you meet 100% of our qualifications? That’s okay. If you could excel in this role, we encourage you to apply. We are committed to building and maintaining a diversified workforce and considering a broad array of candidates with varied backgrounds.
Equal Opportunity: Wellington Management is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability, medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by law. If you require an accommodation to apply, please email GMWTalentOperations@wellington.com.
Benefits
Wellington’s compensation approach combines base salary, variable compensation, and benefits. The estimated base salary range for this position is USD 80,000 – 180,000. The total compensation may include discretionary bonuses and incentives. Benefits include retirement plan, health and wellbeing coverage, dental, vision, pharmacy, health savings and flexible spending accounts, commuter program, employee assistance program, life and disability insurance, adoption assistance, education support, and paid time off. Wellington supports a hybrid work arrangement with four days in the office and one day remote per week.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Finance and Sales
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Portfolio Construction and Risk Strategist employer: Wellington Management
Contact Detail:
Wellington Management Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Construction and Risk Strategist
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and investment world. Attend industry events, webinars, or even casual meet-ups. The more people you know, the better your chances of landing that Portfolio Construction and Risk Strategist role.
✨Tip Number 2
Show off your skills! Prepare a portfolio showcasing your quantitative methodologies and any relevant projects you've worked on. This will give potential employers a taste of what you can bring to the table, especially in portfolio optimisation.
✨Tip Number 3
Practice makes perfect! Get comfortable with common interview questions related to asset management and quantitative techniques. Mock interviews with friends or mentors can help you articulate your thoughts clearly and confidently.
✨Tip Number 4
Don’t forget to apply through our website! We’re all about finding the right fit for our team. Your application will get the attention it deserves, and who knows? You might just be the next Portfolio Construction and Risk Strategist we’re looking for!
We think you need these skills to ace Portfolio Construction and Risk Strategist
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Portfolio Construction and Risk Strategist role. Highlight your relevant experience in asset management and quantitative techniques, as this will show us you understand what we're looking for.
Show Off Your Skills: Don’t hold back on showcasing your analytical and technical skills! We want to see how you've used Python, R, or SQL in your previous roles. Give us examples of how you've tackled complex problems or developed methodologies.
Research is Key: Dive into the latest research on asset pricing and portfolio construction. Mention any insights or methodologies you've come across that could be relevant to our work. This shows us you're proactive and genuinely interested in the field.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Wellington Management
✨Know Your Quantitative Stuff
Make sure you brush up on your quantitative techniques and methodologies. Be ready to discuss how you've applied these in past roles, especially in portfolio construction and risk management. Familiarity with algorithms and optimisation methods will definitely give you an edge.
✨Showcase Your Collaborative Spirit
Wellington values teamwork, so be prepared to share examples of how you've successfully collaborated with colleagues from different departments. Highlight any experiences where you worked with portfolio managers or IT professionals to develop solutions.
✨Demonstrate Your Research Skills
Since the role involves conducting independent research, come prepared to discuss any relevant projects or studies you've undertaken. Show your curiosity and ability to dive deep into asset pricing literature and how it can enhance portfolio construction.
✨Be Ready for Technical Questions
Expect some technical questions related to Python, R, or SQL. Brush up on your coding skills and be ready to explain your thought process when developing algorithms or optimisations. This will show that you're not just a theorist but also someone who can implement practical solutions.
