Investment Optimization & Risk Manager
Company: EDWARD JONES
Location: Hoffman Estates
Posted on: January 25, 2023
Job Description:
At Edward Jones, we help clients achieve their serious,
long-term financial goals by understanding their needs and
implementing tailored solutions. To ensure a personal client
experience, we have located our 15,000+ branch offices where our
more than 7 million clients live and work.
In a typical branch office, a financial advisor meets with clients
and receives branch office support, so they can focus on building
deep relationships with clients. Headquarters associates in St.
Louis, Tempe and Mississauga provide support and expertise to help
U.S. and Canada branch teams deliver an ideal client experience. We
continue to grow to meet the needs of long-term individual
investors.The Wealth Management Advice and Solutions (WMAS) at
Edward Jones is focused on developing a profound understanding of
prospective and current clients' needs, in order to create an
unparalleled experience. Leveraging these critical insights, we
implement tailored solutions and enhance our products in ways that
enable clients to achieve their financial goals. Within WMAS, the
Advice & Guidance division can be viewed as the "investment
engine", encompassing asset allocation, portfolio construction,
manager research, portfolio optimization, securities research, and
other investment related functions. The Investment Risk Group
partners closely with investment teams in Advice & Guidance and key
stakeholders on risk monitoring and oversight for our Advisory
model portfolios, Bridge Builder mutual funds, sub-adviser funds,
Asset Allocation models, and portfolio optimization. As an
Investment Optimization & Risk Manager, you will be called upon to
leverage your industry, analytical, and communication skills to
provide risk guidance and expertise to help key stakeholders to
understand portfolio risk exposures and provide best-in-class
portfolio optimization to help our clients with their goals. You
will be joining a team of highly talented associates who drive for
results, with tenure ranging from years to decades, dedicated to
personal development, inclusion, and diversity.
Responsibility Summary:
Conduct active research and portfolio
optimization design including objective functions, risk
constraints, reference benchmarks, and investment universe to align
advisory accounts to investment goals and client
preferences.Research and enhance portfolio optimization
configuration to ensure alignment and personalization of advisory
accounts to client objectives and investment parameters.Analyze and
enhance batch optimization research and process to ensure
best-in-class optimization strategy and design.Collaborate with
team leader to prepare and present optimization configuration
strategy recommendations to senior leadership for
approval.Collaborate and contribute to internal departments,
committees, and firm-wide strategic initiatives in making better
informed decisions consistent with the firm's long-term
strategy.Deliver effective written and verbal communication of
portfolio optimization guidance and optimization research to key
stakeholders and senior leadership.Implement and enhance framework
for portfolio optimization review and monitoring of personalized
advisory accounts using Aladdin Wealth platform, as needed.
Qualifications Required in the Job:
Bachelor's degree in Finance,
Economics, Mathematics, Engineering, or other quantitative
subjects. Graduate degree in quantitative discipline or MBA
preferred.Demonstrated strong interest in investment risk,
portfolio optimization, and portfolio construction.Achieved or
actively pursuing FRM or CFA designation(s).Series 7/66 required or
attainable within six months of hire.Proficiency in spreadsheets,
databases, programming, and investment risk platforms (Microsoft
Office, R, Python, Tableau, FactSet, Aladdin Risk, MSCI BarraOne,
Axioma, Bloomberg, etc.)
Minimum Years of Experience Required
Minimum of 5 years' experience in
portfolio construction, portfolio optimization, or investment risk
management, or 7 years' experience in investment management
preferred.
Depth of knowledge of principles and practices
Strong knowledge of various types of
investments, asset classes, and capital markets.Strong
understanding of and ability to manage multi-asset portfolio
investment risk and/or optimization platform on a day-to-day
basis.3 to 5 years' experience with multi-factor risk models i.e.
Aladdin, MSCI, Axioma, etc.Strong knowledge of portfolio
construction, portfolio optimization, and/or portfolio risk
management.3 to 5 years' experience with portfolio optimization
platforms i.e. Axioma, MSCI, Aladdin, etc.Strong knowledge of
measurement and evaluation techniques for a broad array of
investment risks, including market, multi-factor, liquidity, and
concentration risks.Experience with Aladdin Wealth and/or client
account management platform.Proficiency in spreadsheets, coding
(Python), optimization (Axioma, etc.), and/or investment risk
management systems (Aladdin Risk, MSCI Barra One, etc.)Strong
analytical skills and service focus.Understanding of Edward Jones
investment philosophy, business model and culture.Strong
interpersonal skills are necessary to communicate ideas and
research to investment stakeholders, internal departments, and
other areas of the firm.
Problem Solving:
Strong critical thinking skills
required. Ability to solve complex, non-routine problems.Strong
thought leadership and strategic thinking.Strong ability to
communicate complex concepts in simple terms and to link
quantitative insight with business logic and intuition.
- 100 Best Workplaces for Millennials in 2022, published Fortune
July 2022, Great Places to Work - data as of March 2022.
Compensation provided for using, not obtaining, the rating.
- Edward Jones was recognized as one of the Best Workplaces for
Millennials by Great Places to Work - and Fortune - magazine. The
privately held firm ranked No. 2 overall, in its fourth appearance
on the list.2022 Fortune Best Workplaces for Women, published
September 2022, research by Great Places to Work -, data as of
August 2021. Compensation provided for using, not obtaining, the
rating.
Edward Jones has been named to the
2022 Best Workplaces for Women list by Great Places to Work - and
Fortune - magazine, ranking No. 45.2022 Fortune's 100 Best
Companies to Work For, published April 2022, research by Great
Place to Work -, data as of August 2021. Compensation provided for
using, not obtaining, the rating.
For the 23rd time, Edward Jones has
earned a spot on the Fortune 100 Best Companies to Work For -
ranking by Great Places to Work - and Fortune - magazine. Edward
Jones ranked No. 35 on the prestigious 2022 list.2022 Best Places
to Work For LGBTQ+ Equality, Great Place to Work - in partnership
with Human Rights Campaign Foundation, published Equity Magazine
January 2022, data as of July 2021. Compensation provided for
using, not obtaining, the rating.
Edward Jones scored 100 percent on
the Human Rights Campaign Foundation's 2022 Corporate Equality
Index (CEI) the nation's foremost benchmarking survey and report
measuring corporate policies and practices related to LGBTQ+
workplace equality. The ranking designated Jones as one of the best
places to work for LGBTQ+Equality.Edward Jones does not
discriminate on the basis of race, color, gender, religion,
national origin, age, disability, sexual orientation, pregnancy,
veteran status, genetic information or any other basis prohibited
by applicable law.At Edward Jones, we value and respect our
associates and their contributions, and we recognize individual
efforts through a rewards program that promotes a long-term career,
financial security and well-being. to learn more about our total
compensation approach, which in addition to base salary, typically
includes benefits, bonuses and profit sharing. The salary range for
this role is based on national data and actual pay is based on
skills, experience, education, and other relevant factors for a
potential new associate:
Salary: $106916 - $182047
Category: Headquarters
Keywords: EDWARD JONES, Hoffman Estates , Investment Optimization & Risk Manager, Executive , Hoffman Estates, Illinois
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