Senior Portfolio Manager_Options Overlay

Charles Schwab; Chicago (IL); Hybrid; USD 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Senior Portfolio Manager to lead options-based strategies. This role focuses on developing a scalable investment process and enhancing the trading infrastructure. With a commitment to empowering employees, the firm offers a supportive culture and a competitive benefits package, including a 401(k) plan and paid sabbaticals. The ideal candidate will have extensive experience in derivatives management, strong leadership skills, and a passion for mentoring a team of investment professionals. Join this dynamic team and make a significant impact in the finance industry.

Benefits

401(k) with company match

Paid time for vacation

28-day sabbatical after 5 years

Paid parental leave

Tuition reimbursement

Health insurance

Dental insurance

Vision insurance

Qualifications

• 10+ years managing hedged equity or multi-asset strategies with derivatives.
• Strong leadership and communication skills with direct management experience.

Responsibilities

• Design and implement scalable investment processes for options strategies.
• Collaborate with teams to enhance portfolio management and trading infrastructure.

Skills

Derivatives Management

Options Strategies

Hedged Equity Management

Analytical Skills

Leadership

Communication Skills

Education

Bachelor's Degree

CFA Designation

Post-Graduate Degree

Job description

Your opportunity

Senior Portfolio Manager, Options Overlay – Schwab Asset Management (SAM)

As one of the industry’s largest and most experienced asset managers, we offer a focused lineup of competitively priced ETFs, mutual funds and separately managed account strategies designed to serve the core needs of most investors. By operating our business through clients’ eyes, and putting them at the center of our decisions, we aim to deliver exceptional experiences to investors and the financial professionals who serve them. As of December 31, 2024, SAM managed over $1.2 trillion.

SAM is looking to offer a range of options-based strategies to its network of clients. These strategies will initially be deployed through separately managed accounts and are intended to help clients generate income, manage risks, and/or diversify large, concentrated holdings in a tax aware manner. SAM is seeking a Senior Portfolio Manager, Options Overlay to help lead our effort to build out our investment process, technology platform, and investment team to support this important growth opportunity. This long-term initiative will require collaboration, patience, and effective prioritization and decision-making.

Key Outcomes:

• Work with SAM leaders to design and implement a scalable investment process to deliver concentrated stock hedging and income-generation strategies to Schwab clients.
• Work with Wealth & Asset Management Engineering and other business partners to enhance or build portfolio management, trading, and operations infrastructure to support options-based strategies at scale.
• Collaborate with colleagues in product, offer management, marketing, and sales to articulate the value proposition and possible use cases for options strategies.
• As the business grows, help recruit and manage a team of portfolio managers.
• Consult as a subject matter expert on use of options strategies in other SAM product offerings.
• Lead execution of a disciplined and systematic investment process.

SAM is a matrixed organization; thus, the successful candidate displays outstanding collaboration skills and has experience building partnerships across an organization.

What you have

Required Experience :

• Ten or more years of experience managing hedged equity or multi-asset strategies utilizing derivatives including options, futures, and/or swaps.
• Keen understanding of concentrated stock hedging service and experience in developing, launching and delivering new product in an environment of similar scale and complexity.
• Comprehensive knowledge of the equity options markets, options strategies, options pricing data sources, and investment platform requirements to support these strategies.
• Bachelor’s degree required; CFA designation and/or post-graduate degree with a quantitative discipline preferred.
• Strong leadership and communication skills including direct management of portfolio managers and/or traders required.
• Outstanding analytical skills, particularly around equity options, coupled with reasoned judgment and qualitative insights driving excellence in investment leadership.
• Strength at building a team of talented investment professionals and optimizing their performance. Able to motivate, mentor, and lead by example.
• Experience collaborating with client-facing, sales and marketing teams on activities furthering the success of the business.

Preferred Experience:

• Excellent communication skills (written and verbal). Commands the attention and respect of various audiences. A clear and credible presentation style.
• An ambassador for the firm and our mission of driving growth through supporting clients.
• Demonstrated strength in cultivating and maintaining relationships with options market makers, technology vendors, and other key industry stakeholders.
• Resourceful, proactive, and able to prioritize and navigate in a fast-paced environment.
• Disciplined self-starter who can utilize downtime on value-add projects and additional trade analysis
• Exceptional organizational skills and demonstrated ability to work independently and exercise sound business judgment.

What’s in it for you

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance