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Job Description
As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients most valued asset-management partner.
With over 3,700 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether youre producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, were looking for unique voices to help lead us forward. If youre ready to challenge your limits and build your future, join us.
We are looking for an AssociatePortfolio Manager to join our Private Client PMG team in Pune, India.
Private Client PMG supports the implementation of our private client accounts. The associate will gain an understanding of private wealth management and the customization we provide our clients to meet their financial goals such as tax aware investing and wealth planning. The Portfolio Management Group (PMG) is responsible for portfolio implementation and supports the global portfolio management teams by authorizing and implementing portfolio decisions, and serving as the contact point with operations and sales teams. Functions may include monitoring asset exposures and allocations, managing client specific requests, tax management, monitoring pre-trade client guideline compliance and exception resolution. Associate Portfolio Managers initiate trades and monitor the portfolios on an ongoing basis. Portfolio Implementation Associates develop an understanding of ABs investment products and operational policies and procedures.
Specific Responsibilities Will Include
- Day to day monitoring of portfolio positioning, trade executions, cash management and compliance with client guidelines
- Addressing client requests and managing events throughout the clients life cycle, such as cash flows, transitions, and account openings and closings. Private Client PMG manages thousands of transactions per week and the APM is responsible for contributing to this volume.
- Cashflow Management involves:
- Cash flow In - Investing clients cash (buying equity stocks, mutual funds, ETFs) as per their desired asset allocation.
- Cash Flow out – Generate cash as per client request from their portfolio by selling relevant securities without hurting clients asset allocation.
- Rebalancing of clients portfolios to realign their asset allocation that might have changed due to market movements.
- Quality control reports to monitor client portfolios.
- Performing Tax estimates – Projecting clients tax implications of client specific activity
- Liaising with other departments internally, including Legal/Compliance, Sales, and Investment Operations.
- An interest in the financial markets, industry regulations and portfolio management
Looking to get Placed? Try our Placement Guarantee Plan
- Detail-oriented with strong quantitative and analytical skills that can be leveraged to evaluate portfolios
- The ability to prioritize, multitask and work effectively with a team in a deadline-driven environment
- Strong interpersonal skills and ability to effectively communicate and build relationships with teams throughout the organization
- An ability to think holistically, understand end-to-end processes and reconsider the status quo
- A proactive and inquisitive approach toward new challenges and problem-solving
- Bachelors degree candidates in business, finance, economics, math, computer science, engineering, or liberal arts
- Has 1-2 years of experience specific to US market operations and understanding of Portfolio Management Operations.
- Required to work the night shift – US hours.
Skills
Investment ManagementInvestment OperationsAsset AllocationCash FlowCash ManagementPortfolio ManagementPortfolio ManagerIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
AllianceBernstein has tons of funds. The investment manager administers about 200 domestic and international mutual funds. Institutional investors, including public retirement funds, employee benefit plans, foundations, endowments, government entities, and insurance firms, account for a majority of the firm's approximately $475 billion in assets under management. For retail investors, the company provides private client services, managed accounts, annuities, retirement plans, and college savings plans. AllianceBernstein also owns wealth advisor and research firm Sanford C. Bernstein.
AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We are one of the largest investment management firms in the world, with more than $646 billion in assets under management as of December 2022. We foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. We embrace innovation to address increasingly complex investing challenges. And we pursue responsibility at all levels of the firm—from how we work and act to the solutions we design for clients.
At AB, there’s no one size fits all and no mold to break. We celebrate idiosyncrasy and make sure everyone’s voice matters. We seek and include talented people with diverse skills, abilities and backgrounds who expand our thinking. We encourage all employees to become more complete versions of themselves. A mosaic of perspectives makes us stronger, helping us nurture strong relationships and build actionable solutions.
Intellectual curiosity is in our DNA—and is a way of life. We embrace challenging problems and ask the tough questions. We don’t settle for easy answers as we look to understand the world around us—and that’s what makes us better investors and partners to our colleagues and clients. We are independent thinkers—we go where the research and data take us. And knowing more isn’t the end of the journey: it’s the start of a deeper conversation.
Insight is a catalyst, expanding our thinking and unlocking opportunity. And opportunity is more than financial returns—it drives us to think about the bigger picture for our clients and help them achieve their goals.
Important dates & deadlines?
Application Deadline
17 Jul 26, 05:43 PM IST
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