Senior Portfolio Management Associate

Pzena Investment Management; New York (NY); On-site; USD 130,000 - 140,000; Full time

Job summary

Pzena Investment Management in New York seeks a Senior Portfolio Management Associate to join the Operations team. You will collaborate with Portfolio Accounting, Trading, Trade Settlement, Application Development, and Investment teams to support the operational implementation of investment decisions and serve as a trusted partner to the Investment team.

In this role, you will implement the firm’s strategies across client portfolios, monitor compliance, prepare client communications and

Qualifications

• Bachelor’s degree required.
• 3–5 years of relevant professional experience.
• Proficiency with Microsoft Office Suite is required.

Responsibilities

• Portfolio Implementation – Implement the firm’s investment strategies across client portfolios, collaborating with the Investment team to execute portfolio decisions.
• Compliance – Monitor pre-trade compliance and ensure adherence to firm policies, client guidelines, and investment restrictions.
• Client/Marketing Correspondence & Reporting – Respond to client and internal inquiries with accuracy and ensure timely reporting.
• Security Setup & Maintenance – Review and maintain security data and ensure accuracy within the Security Master system.

Education

Bachelor’s degree

3–5 years of relevant professional experience

Tools

Microsoft Office Suite

Job description

Position Overview

We are seeking a Senior Portfolio Management Associate to join our Operations team. In this role, you will collaborate closely with Portfolio Accounting, Trading, Trade Settlement, Application Development, Business Systems Analysis, and Investment teams to support the operational implementation of investment decisions. Success in this position requires responsiveness, accountability, exceptional attention to detail, and the ability to serve as a trusted operational partner to the Investment team. You will contribute to a collaborative team environment while developing a deep understanding of our value investing strategy and its implementation across client portfolios. This position reports directly to the Manager of Portfolio Implementation.

Core Responsibilities

Portfolio Implementation – 60%

• Implement the firm’s investment strategies across client portfolios, working closely with the Investment team to execute portfolio decisions.


• Create domestic and international equity trades in response to portfolio reviews, cash flows, tax considerations, and compliance requirements.


• Submit trades for model manager accounts, Unified Managed Accounts (UMAs), and Separately Managed Accounts (SMAs).


• Analyze portfolio dispersion, maintain portfolio review instructions, and collaborate with Portfolio Managers on model manager accounts and bespoke portfolios.

Compliance – 20%

• Monitor pre-trade compliance and ensure adherence to firm policies, client guidelines, and investment restrictions.


• Review, interpret, and maintain client portfolio guidelines throughout account setup and ongoing administration.


• Code client-specific compliance rules and monitor sanctions, ESG restrictions, and compliance reporting.

Client/Marketing Correspondence & Reporting – 10%

• Respond to client and internal inquiries with accuracy, responsiveness, and a commitment to exceptional service.


• Fulfill scheduled and ad hoc reporting requirements, partnering with Marketing, Client Service, and Investment teams on portfolio-related inquiries.

Security Setup & Maintenance – 10%

• Review and maintain security data, ensuring accuracy and adherence to internal procedures.


• Monitor FactSet data integrity and collaborate with Business Systems Analysts to maintain accurate security mapping within the firm’s Security Master system.

Qualifications

• Bachelor’s degree.


• 3–5 years of relevant professional experience.


• Proficiency in Microsoft Office Suite.

Preferred Qualifications

• Experience creating domestic equity orders within an Order Management System (OMS).


• Foundational understanding of investment compliance and portfolio restrictions.


• Experience with portfolio accounting systems, preferably InData.


• Familiarity with FactSet or comparable portfolio analytics platforms.


• Knowledge of ESG considerations, sanctions screening, and liquidity monitoring.


• Experience supporting Unified Managed Accounts (UMAs), Separately Managed Accounts (SMAs), or wrap programs.

Competencies:

• Diligence & Attention to Detail: demonstrate accuracy and thoroughness; monitor own work to ensure quality control of all work product.


• Planning & Organizing: proactively prioritize and plan tasks; use time efficiently; maintain strong organizational habits.


• Interpersonal Skills & Teamwork: a collaborative team player who is professional, respectful, honest, open to new ideas, and willing to pitch in wherever needed to get the job done well.


• Communication: communicate clearly and professionally across all formats; produce polished and complete documents; present data effectively.


• Dependability: consistently a productive and positive team member; respond to direction and developmental feedback and solicit feedback to improve performance.


• Initiative: take ownership and accountability, seek out additional responsibilities, and work toward goals with growing independence.


• Results Oriented: understand and analyze work product; apply critical thinking to ensure accuracy of deliverables.


• Problem Solving: identify the cause and effect of issues and analyze internal and external information to arrive at appropriate solutions.

Salary Range: $130,000- $140,000 Annually

The actual base salary may vary depending on factors, including, but not limited to location, work experience, education, training, skill level, and market conditions. At Pzena Investment Management, base salary is just one component of the total compensation, which may include, year-end discretionary bonus and employee benefits.

At this time, Pzena Investment Management will not sponsor an applicant for employment authorization for this position.

Working at Pzena

We are committed to the success and wellbeing of our employees. We offer benefits to support the health and wellness of our employees and their families, such as additional health cover, life assurance, income protection, pension, and firm contributions to causes important to our employees through firm Charitable Giving and Charitable Matching programs. Additionally, the firm supports the professional growth of our team by offering a Mentorship Program, Lunch & Learns, and sponsoring workgroups and committees to recommend business improvements. We are proud of our culture and enjoy coming together as a firm; you can look forward to team building activities in local offices and as a global firm including social events, holiday events, monthly birthday parties, Pizza Thursdays, recharging with healthy snacks, and more.

Pzena Investment Management is an affirmative action – equal opportunity employer. We value all forms of diversity and are committed to fostering an equitable and inclusive environment for all. We believe that multiple points of view, from different backgrounds and experiences, contributes positively to our culture and work. We welcome and encourage candidates of all backgrounds and experiences to join our team.

For a reasonable accommodation request, please [e-mail].

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