Portfolio Construction and Risk Strategist

Virtual Instruments; London; Hybrid; CAD 109,000 - 248,000; Full time

Job summary

A leading investment firm in Ontario is seeking a Portfolio Construction & Risk Strategist to develop quantitative methodologies and optimize portfolios. The ideal candidate will have an advanced degree and extensive experience in asset management, particularly in quantitative portfolio construction. This position offers competitive compensation and benefits, alongside a collaborative work environment that fosters innovation.

Benefits

Comprehensive benefit package

Retirement plan

Flexible work environment

Qualifications

• 5+ years of experience in asset management or closely related industry.
• Understanding of asset pricing and portfolio construction paradigms.
• Ability to think abstractly about complex mathematical problems.

Responsibilities

• Develop methodologies for tax-efficient trading of active equity ETFs.
• Extend algorithms for portfolio optimization within Python libraries.
• Participate in daily portfolio management and rebalancing workflows.

Skills

Analytical skills

Organizational skills

Ability to learn new applications

Team collaboration

Education

Advanced degree in finance or quantitative field

Tools

Python

R

SQL

Job description

Overview

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

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, addressing real-time requests and building scalable portfolio optimization capabilities.

The Portfolio Architecture team works to help investment teams successfully adopt quantitative approaches to portfolio construction and achieve superior risk adjusted return through rigorous, empirically grounded methods. They deliver portfolio construction solutions by managing strategies and by offering investors quantitative portfolio optimization solutions both through self-service software and consultative support. This role will contribute 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, reading research literature on asset pricing and investing, independently implementing new methodologies, and conducting practical research to enhance portfolio construction for Wellington clients. While this is not a software developer role, a significant fraction of the Strategist’s work will manifest in 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 for this role include :

• Developing methodologies and workflows for tax efficient trading of active equity ETFs;
• Extending algorithms and GUI functionality for portfolio optimization within GRPS’s Python optimization libraries;
• Participating in the team’s daily portfolio management and rebalancing workflows;
• Developing methodologies for helping portfolio managers align views on expected return with quantitative techniques for position sizing;
• Developing effective scalable approaches to implementing consistent active positions across multiple accounts with differing client guidelines and benchmarks; and
• Implementing portfolio optimization algorithms that encompass flexible approaches to modeling risk and return objectives, practical market frictions (e.g., transactions costs, liquidity limits) and associated workflows within Wellington’s portfolio management software and trading operations.

QUALIFICATIONS

• Advanced degree (Masters or PhD level) in finance, econometrics, quantitative field (math, statistics, physics, electrical engineering, operations research)
• 5+ years of experience working 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, in code, optimizations and calculations relevant to programming skills (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
• Grace under pressure, ability to adapt
• Humility, natural curiosity

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at [e-mail].

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is :

USD 80,000 - 180,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salaryis only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and / or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition / CFA reimbursement an d paid time off (leave of absence,paid holidays, volunteer, sick and vacation time)

We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.