Associate Portfolio Manager at Ameriprise Financial

Posted in Accounting about 2 hours ago.

Type: Full Time
Location: New York, New York





Job Description:

The successful applicant will be working directly with portfolio managers and analysts in the team, becoming familiar with the investment processes of various equity strategies under management. The group is primarily focused on rules-based equity strategies implemented through a variety of investment vehicles such as Separately Managed Accounts, ETFs and Mutual Funds. The applicant will be expected to gain proficiency in our proprietary rules-based investment approach, but initial responsibilities will be centered on portfolio management duties and process improvements. Over time, upon mastery of the investment processes and team success in the market, the role will generate additional opportunities to collaborate with professionals across various discipline.

Key Responsibilities:


  • The applicant will be working with Sr. Portfolio Managers in implementing the portfolio strategy and process

  • The applicant will be responsible for monitoring portfolio risks and daily events, and rebalance portfolios through our proprietary systems, in order to deliver the stated investment mandates

  • The applicant will be responsible for preparing and analyzing various reports and data sets for external clients and internal partners.

  • The applicant will be responsible for testing new portfolio management tools, procedures, and processes. Over time we expect the applicant to lead such activities.

  • Over time, the applicant will assume more responsibilities and will coordinate with internal departments and external vendors

  • Over time, the applicant will be responsible for becoming proficient in the team's portfolio management research applications and quantitative tools.

  • Over time, the applicant will be responsible for managing projects, proactively seeking solutions and driving programming development that can improve process efficiency and portfolio outcomes.

Required Qualifications:


  • BA or BS degree that demonstrates intellectual ability and rigor.

  • A comfort level with quantitative tools with strong quantitative and analytical skills.

  • Established and demonstrated work ethic and willingness to invest in their careers.

  • Strong organizational skills coupled with an ability to take initiative.

  • Highly proficient in Excel, Python or .NET Core, macro implementation and VBA or the equivalent.

  • Basic proficiency in SQL, R, Jupyter Notebook Perl, and/or C/C+ programming.

  • he ability to integrate and function effectively on a team that places clients first and is dedicated to sustaining excellence.

  • An ability to focus and pay attention to detail in a long-term sustainable manner.

About Our Company
We're a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Base Pay Salary

The estimated base salary for this role is $140,000- $160,000 / year. Base salaries are determined in part based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that support all aspects of your health and well-being.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Investment Management

Line of Business

AMINV US Asset ManagementPDN-9d43811b-a734-4668-87a6-5c800404f7ce
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