Portfolio Engineer

DWS Group; Greater London; Hybrid; GBP 90,000 - 160,000; Full time

Benefits offered by this job

30 days holiday

Non-contributory pension

Private medical cover

Mental health support

Parental leave

Travel insurance

Job summary

DWS Group is seeking an Equity Portfolio Manager/Engineer in London to manage index equity portfolios and drive efficient ETF and index investing strategies. You will work across portfolio construction, risk management, and hedging, collaborating with trading desks to optimize execution and scale the platform.

You will apply strong technical skills (Python, VBA, Excel) and a deep understanding of index methodologies to minimize tracking error and enhance performance attribution across products.

Qualifications

• Strong knowledge of financial products across equities, fixed income or commodities.
• Experience in PM, trading, or index research with ETF servicing.
• Knowledge of index methodologies from FTSE, S&P, MSCI, etc.
• Proficiency in Python, VBA and Excel.
• Understanding rebalance trading strategies.

Responsibilities

• Carry out daily management of index equity portfolios through construction and trade execution.
• Support client flow management efficiently.
• Manage investment and risk exposures and determine hedging strategies when applicable.
• Minimize tracking error to index and ensure accurate trading around actions and cash flows.
• Work on projects to improve efficiency and scale of the platform development.
• Collaborate with trading desks to determine optimal execution strategies and contribute to product development and NAV reconciliations and performance attribution.

Skills

Portfolio management

Trading

Index research

Portfolio construction

Performance attribution

Rebalance trading strategies

Python

VBA

Excel

Education

Bachelor’s degree or equivalent

Tools

Bloomberg

Reuters

Factset

Aladdin

Barra BPM

Job description

Employer: DWS Group

Title: Equity Portfolio Manager/Engineer - ETFs/Index Investing

Location: London

About DWS

Today, markets face a whole new set of pressures - but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Team / Division Overview

The Passive Portfolio Management Team at DWS manages the full range of X-trackers across Equity and Fixed Income Exchange Traded Funds, as well as Segregated mandates, covering a wide range or index providers and array of benchmark types from multiple ESG flavours to Thematics. DWS has a global and integrated investment platform with a strong footprint globally. With presence on the ground in 17 locations, we cover the most important financial markets in the world. Our investment platform employs approximately 900 investment professionals (excluding product specialists), covering both the most important financial markets and regions, and the most important asset classes. You will play a key role as Portfolio Engineer within the team.

Role Details

As an Equity Portfolio Manager you will (be):

• Carrying out daily management of the index equity portfolios via portfolio construction and trade implementation
• Supporting the management of client flows efficiently
• Managing investment and risk exposures, while determining optimal hedging strategies where applicable
• Determining optimal portfolio strategy to minimize tracking error to index, to ensure trading accuracy across corporate actions and cash flows
• Working on projects geared towards creating efficiency and bringing scale/automation for the overall development of platform
• Working closely with trading desks to determine optimal execution strategiesContributing to new and existing product development processesOverseeing the Net Asset Value, Portfolio Composition File reconciliations and performance attribution analysis

We are looking for

• Strong financial product knowledge across either Equities, Fixed Income or Commodities with exposure to Index, Synthetic, Delta-one or Derivative instruments
• Sound experience from either a Portfolio Management, Trading, Index Research background, with knowledge around portfolio construction, performance & attribution, and related ETF servicing
• Knowledge of index methodologies from key providers including FTSE, S&P, MSCI etc
• Strong quantitative/analytical skills including such as Python, VBA and Excel are highly beneficial
• An understanding of rebalance trading strategies
• Proficiency in all Microsoft Office Applications and capability using Bloomberg, Reuters, Factset, Aladdin and optimisation systems like Barra BPM, Bloomberg Portfolio Management
• Educated to Bachelor’s degree level or equivalent qualification/relevant work experience

What we’ll offer you

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

Some of our core benefits

• 30 days' holiday + bank holidays, with the option to purchase additional days
• A non-contributory pension scheme, up to 10%
• Physical and Mental Health Well-Being benefits including (but not limited to) Private Medical Cover, a complimentary GP service and the support of Mental Health First Aiders
• Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
• The opportunity to support our CSR strategy which is focused on combatting climate change and achieving greater social justice. You can make donations to our partner organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.

DWS' Hybrid Working model in the UK is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Employees who wish to sign-up to our Hybrid Working model are required to work in the office two days a week, and given the flexibility to work from home for the remaining three.

Some business groups may need you to spend more time in the office, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.