Senior Portfolio Implementation Specialist

Socket.dev; Chicago (IL); On-site; USD 95,000 - 110,000; Full time

Job summary

Harris Associates L.P. in Chicago seeks a Portfolio Implementation professional to collaborate with Portfolio Managers and Traders to implement investment strategies using Charles River IMS.

You will translate client guidelines into rules, monitor cash and compliance, and support onboarding and transitions with a focus on operational efficiency. The role requires 5+ years in investment management, a strong academic record, and proficiency with CRIMS, Bloomberg/FactSet, and Salesforce.

Qualifications

• Bachelor’s degree with a strong academic track record.
• Minimum 5 years of relevant experience in the investment management industry.
• Knowledge of investment process, and understanding of various product types.
• Experience reviewing client and regulatory guidelines.
• Interest in financial markets and instruments.
• Excellent organizational skills and attention to detail, ability to manage competing priorities and deadlines.
• Excellent interpersonal skills with the ability to work independently and as a member of a team.
• Ability to communicate with individuals at all levels of the firm.
• Willingness to learn.
• Charles River IMS
• Bloomberg/FactSet
• Salesforce

Responsibilities

• Collaborate with Portfolio Managers and Traders to implement investment strategies via order origination in Charles River IMS.
• Utilize critical thinking skills to anticipate portfolio management needs and provide suggestions for portfolio adjustments.
• Perform dispersion monitoring and provide recommendations to Portfolio Managers on portfolio rebalances.
• Conduct all pre-trade compliance reviews and monitor portfolio positions versus client and regulatory guidelines.
• Review and monitor cash levels across all products and perform cash flow management to meet client cash directives.
• Perform client account onboarding activities and transitions; translate written client guidelines into enforceable rules in Charles River IMS.
• Respond to ad hoc requests from Portfolio Managers and provide analytical support and improvement suggestions.
• Demonstrate proficiency with Charles River IMS and independently perform order management workflows and analyze portfolios within the platform.
• Work directly with Technology organization and lead efforts to enhance Charles River.
• Demonstrate deep mastery of all standard Portfolio Implementation workflows and provide guidance to junior team members.

Skills

Interpersonal skills

Communication skills

Attention to detail

Education

Bachelor’s degree

Tools

Charles River IMS

Bloomberg/FactSet

Salesforce

Job description

At Harris, the true value of what makes us successful is found in our people. It is our unique mix of cultures, experiences, beliefs and backgrounds that sets Harris apart from the rest. We constantly strive to cultivate, nurture and amplify an unparalleled environment, where we value intellectual curiosity and uniqueness of thought. Inclusion is embedded in the very fabric of our culture of collaboration and openness.
We understand that a job description only tells one part of a broader story, and Harris is seeking dynamic candidates who can add to our best-in-class environment. We recognize that qualifications can be gained through both traditional and non-traditional paths, and we are committed to considering candidates who possess the potential to be excellent in this role regardless of prior experiences.
Therefore we encourage ALL interested individuals to submit their applications, even if they do not meet every requirement outlined in the job description.
The Position

Responsibilities

• Collaborate with Portfolio Managers and Traders to facilitate the implementation of investment strategies via order origination in Charles River IMS for all Harris client and product types.
• Utilize critical thinking skills to anticipate portfolio management needs and provide suggestions for portfolio adjustments.
• Perform dispersion monitoring and provide recommendations to Portfolio Managers on portfolio rebalances.
• Conduct all pre-trade compliance reviews and monitor portfolio positions versus client and regulatory guidelines. Propose adjustments to Portfolio Managers to ensure adherence to guidelines. Liaise with Compliance, Client Service, and PMs on guideline resolutions.
• Review and monitor cash levels across all products. Perform cash flow management to meet client cash directives.
• Perform client account onboarding activities and transitions. Ability to translate written client guidelines into enforceable rules in Charles River IMS. Participate in IMA review process and provide feedback on behalf of Portfolio Management team.
• Respond to ad hoc requests from Portfolio Managers. Pro-actively provide analytical support and improvement suggestions to portfolio management deliverables.
• Perform trading updates for model delivery clients in accordance with trade rotation policy.
• Monitor for tax trading opportunities and provide suggestions to PMs for potential tax trades.
• Understand, originate and validate derivative transactions.
• Coordinate responses with PM team for corporate action elections.
• Facilitating the due diligence and implementation of unique portfolio management scenarios, including, but not limited to in-kind transfers, account open/terminations, cross trades, secondary offerings and private placements.
• Perform quality control over team activities when requested.
• Participate in meetings with clients, and external parties when appropriate.
• Assist with trade error responses and remediations.
• Demonstrate awareness about related processes such as settlements, accounting, security reference data and corporate action processing by offering insights about the entire system or help trouble shoot outside of the immediate.
• Engage in process improvements and enhancements as it pertains to the Portfolio Implementation process with the goal of improving Front Office Operational efficiency and mitigating operational risk.
• Demonstrate proficiency with Charles River IMS and independently perform order management workflows and analyze portfolios within the platform.
• Work directly with Technology organization and lead efforts to enhance Charles River
• Demonstrate deep mastery of all standard Portfolio Implementation workflows and perform oversite and guidance to junior members of the team. Learn advanced workflows and specialty order/trading situations.

Qualifications

• Required — Bachelor’s degree with a strong academic track record.
• Minimum 5 years of relevant experience in the investment management industry.
• Knowledge of investment process, and understanding of various product types.
• Experience reviewing client and regulatory guidelines.
• Interest in financial markets and instruments.
• Excellent organizational skills and attention to detail, ability to manage competing priorities and deadlines.
• Excellent interpersonal skills with the ability to work independently and as a member of a team.
• Ability to communicate with individuals at all levels of the firm.
• Willingness to learn
• Charles River IMS
• Bloomberg/FactSet
• Salesforce — We offer a comprehensive benefits package designed to integrate life and work and to support our employees and their families. Benefits include, but are not limited to; medical, prescription drug, dental and vision insurance, paid time off, profit sharing plan, 401k plan, tuition reimbursement, commuter and holistic wellness benefits along with volunteer programs.
• Actual annual base salaries may vary based on factors including but not limited to education, training, experience, and other job-related factors. If hired, base pay will be determined on an individualized basis and is only one part of the total compensation package, which, depending on the position, may also include a discretionary performance bonus and other Harris sponsored benefit programs.
• Expected range for this Chicago-based role
• $95,000—$110,000 USD
• Equal Employment Opportunity Policy Statement
• Harris Associates L.P. pursues a policy of equal opportunity in all areas of employment including recruitment, hiring, training, compensation, benefits, advancement, and treatment on the job. This means that Harris does not discriminate against employees, or qualified applicants, based on an individual's race, color, religion, creed, sex, age, national origin, physical disability, sexual orientation, trans-gender status, transsexual status, status as a veteran or disabled veteran, genetic information or for any other reason prohibited by law. Harris reserves the right to review publicly available information about applicants (i.e., via social networking sites), to the extent permissible under applicable law.
• Reasonable Accommodation Notice
• We provide reasonable accommodation for individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment at [e-mail] or you can call us at 312-646-3600.
• Privacy Statement — The information you send to us is used for employment purposes only. What you send is kept confidential—we will not give your personal information to outside parties without your consent.