Port Construction Managing Dir

Old National Bank; Minneapolis (MN); Vor Ort; USD 131.000 - 264.000; Vollzeit

Benefits dieser Stelle

Medical Insurance

Dental Insurance

Vision Insurance

401K

Education programs

Employee Assistance Program

Inclusion Groups

Zusammenfassung

Old National Bank seeks a Managing Director of Portfolio Construction to lead a team of analysts and drive the 1834 investment platform. You will develop due diligence on third-party products, manage allocation models, and provide analytics and portfolio strategies for large, complex client portfolios.

The role requires deep market knowledge, strong quantitative skills, and excellent communication to internal and external stakeholders within a community-focused bank.

Qualifikationen

• Deep technical understanding of financial markets and portfolio theory.
• Strong quantitative skills to develop and maintain reliable risk processes and performance.
• Exceptional ability to communicate investment decisions to diverse audiences.
• Experience coaching and mentoring investment analysts.

Aufgaben

• Develop and maintain strategic asset allocation guidance across client risk profiles.
• Own the capital market assumptions and SAA optimization process.
• Oversee implementation of tactical asset allocation guidance with CIO input.
• Manage manager selection and due diligence for third-party asset managers.

Kenntnisse

Deep financial markets knowledge

Quantitative analysis

Communication skills

Coaching & mentoring

Jobbeschreibung

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

Job Summary

The Managing Director of Portfolio Construction is a key leadership role within the investment team. This senior investment leader collaborates closely with the Chief Investment Officer while leading a team of analysts to develop, manage, and deliver 1834's investment platform.

The scope of this role's responsibilities related to 1834's investment platform includes (1) maintaining due diligence coverage on third-party managed products, (2) managing allocation models, where our guidance across asset allocation, manager selection, and proprietary security selection becomes cohesive portfolio guidance for our portfolio managers, (3) overseeing third-party platforms (including those related to alternative investments and equity UMAs), and (4) providing custom analytics and portfolio strategies for 1834's largest and most complex client portfolios.

Good candidates for this role will possess:

• Deep technical understanding of financial markets and portfolio theory
• The strong quantitative skillset required to develop and maintain reliable and rigorous processes for managing portfolio risk while competing with benchmark returns across a broad spectrum of investor constraints
• Exceptional skill in communicating investment decisions, rationale, and results to a variety of audiences, internal and external to the firm
• Affinity toward coaching, mentoring, and developing talent within a team of investment analysts

Salary Range

The salary range for this position is $130,500/Yr. - $263,800/Yr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Asset Allocation

• Develop and maintain strategic asset allocation guidance across client risk and constraint profiles
• Own the capital market assumption and SAA optimization process with input from CIO and senior research colleagues
• Coordinate and manage implementation of tactical asset allocation guidance, with support and input from CIO and senior investment colleagues
• Develop and communicate guidelines for prudent use of alternative investments as a part of a long-term investment strategy for suitable clients

Model Portfolio Guidance

• Manage a range of allocation models toward strong, long-term, risk-adjusted returns
• Oversee the manager selection and due diligence process to (1) maintain a high standard of integrity and excellence across third party asset managers with whom we entrust client capital, and (2) ensure cohesion and diversification within client portfolios across both proprietary and third-party solutions utilized

Risk Management

• Continuously monitor risk levels across allocation models, including benchmark-relative tracking error, factor exposures, concentrations, and drift.
• Produce and present performance attribution on a regular basis to oversight committees and to colleagues and other internal stakeholders
• Set and maintain rebalancing policy for centrally managed portfolios, coordinating with investment operations group to ensure efficient and effective trading toward updated investment guidance at large scale

Governance and Compliance

• Consistently document portfolio construction methodology, model changes, and investment decision-making
• Ensure that the investment platform offers solutions for all clients, in terms of meeting fiduciary, suitability, and bank regulatory requirements
• Provide support and education to client-facing portfolio managers to ensure that suitability guidelines are observed and enforced with regard to alternative investments and/or other ap