Direct Indexing Associate Portfolio Manager

Vanguard; Oakland (CA); Hybrid; USD 70,000 - 125,000; Full time

Job summary

Vanguard seeks a direct indexing trading professional to manage and optimize portfolios while ensuring compliance with regulatory and internal standards. You will collaborate with investment advisors to craft personalized indexing solutions and monitor trading activity to align with index goals.

The role emphasizes client outcomes, strong internal/external collaboration, and ongoing process improvements within a dynamic financial services environment.

Qualifications

• Five years’ related work experience in the Financial Services industry or client services preferred.
• Undergraduate degree or equivalent combination of training and experience.
• Progress towards or completion of CFA or CFP preferred.

Responsibilities

• Prepares assigned direct indexing portfolios that meet or exceed performance standards.
• Collaborates with investment advisors to deliver portfolio construction plans and set up personalized indexing capabilities.
• Analyzes portfolio management data and resolves process issues; investigates trading instruction exceptions.
• Reviews and monitors trading activity to ensure portfolios track the index accurately.
• Supports sophisticated portfolio construction and management strategies for complex accounts.
• Builds relationships with external clients and internal departments to meet client and business needs.
• Participates in and may lead policy and procedure improvements and workflow changes.

Skills

Financial services experience

Client services

Education

Undergraduate degree or equivalent

CFA or CFP preferred

Job description

Job Summary

Responsible for direct indexing trading activities and processes. Provides exceptional client outcomes while adhering to regulatory and internal standards.

Core Responsibilities

• Prepares assigned direct indexing portfolios that meet or exceed performance standards consistent with investment objectives, while adhering to client-specified or regulatory restrictions and constraints.
• Collaborates and partners with investment advisors to deliver portfolio construction plans. Offers strategies for financial planning accounts and set up required personalized indexing capabilities for clients.
• Analyzes portfolio management data and oversees resolution of process issues. Collaborates with internal stakeholders to investigate exceptions within trading instructions.
• Reviews and monitors portfolios’ trading activity to ensure portfolios track assigned index appropriately and correctly.
• Supports the delivery of sophisticated portfolio construction and management strategy for complex financial planning accounts.
• Builds relationships with external clients and internal departments. Acts as a liaison to facilitate a successful strategic approach to meet client and business needs.
• Participates in and may lead initiatives to improve departmental policies and procedures. Review workflow changes to ensure they better meet evolving business needs and maintain adherence to external regulations.
• Participates in special projects and performs other duties as assigned.
  

Qualifications

• Five years’ related work experience in the Financial Services industry or client services preferred.
• Undergraduate degree or equivalent combination of training and experience.
• Progress towards or completion of CFA or CFP preferred.

Special Factors

Sponsorship

Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don’t just have a mission—we’re on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients’ lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

Future of Work

During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely.

As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew.

When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers).

The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way.

Salary Range:

$70,000.00 - $125,000.00