Portfolio Manager / Index Trader

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Date: Nov 30, 2018

Location: New York, NY, US

Company: New York Life Insurance Co

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM’s vision is to be one of the most trusted providers of investment management expertise and long-term financial security.

 

Company Description

IndexIQ, a New York Life Investments Company, is a trusted provider of innovative financial solutions. IndexIQ ETFs are built and delivered in a way that provides exposures that investors can rely on. A subsidiary of one of the oldest and largest insurance companies in the world, we have a solid foundation and the resources to continue our culture of innovation. IndexIQ has established a long track record of demonstrating the value of innovation. From offering the first liquid alternative ETF, to leveraging our multi-boutique platform, each ETF is thoughtfully constructed. Our specialized investment solutions help our clients meet the increasingly complex challenges they face in their portfolios today. With coverage across all broad asset classes, IndexIQ offers smart solutions for building better portfolios within:

• Fixed Income: Core, municipal, investment grade, high yield

• Equities: Domestic large and small cap, global/international

• Alternatives: Hedge fund replication

• Specialty: Merger arbitrage, commodity, real estate

 

Position Overview

The Portfolio Manager will work closely with the Senior Portfolio Manager supporting all daily trading and operational aspects of fund management including, but not limited to: trade rebalances, execution, settlement, blotter reconciliation, cash management, wire settlements, collateral movements, margin posting, account set up and documentation and liaising with counterparties, fund custodians, accountants and various third parties on trade related queries. The position will be based in New York Life’s midtown Manhattan home office.

 

Responsibilities

  • Daily portfolio management responsibilities on a team of Portfolio Managers
  • Rebalance funds as required to ensure that the funds track associated indices
  • Researching and resolving trading discrepancies
  • Processing collateral, margin and wire payments
  • Ensuring trades are booked accurately and in a timely fashion
  • Effectively communicate and interact with the portfolio managers and third parties on trade related queries
  • Reconciling fund positions, trades and cash movements with various trade support teams
  • Fielding various product related questions and inquiries throughout the trading day from accountants, brokers, custodians, authorized participants and market makers
  • Maintaining and updating performance and trading models to ensure effective fund tracking and proper exposure
  • Assisting and contributing to new account set up, fund launches, product development and analysis
  • The position is a team based role and as such the candidate will be required to perform other duties that may not be directly related to index tracking or portfolio management

Qualifications

  • 5-7 years of relevant working experience in the financial markets
  • Experience in index portfolio management in exchange traded funds or other structures is required
  • Strong analytical, mathematical, and problem-solving skills
  • Ability to work in a fast-paced environment and handle multiple tasks efficiently and simultaneously
  • Exceptional verbal, written and technical skills
  • Familiarity with various financial products, particularly ETFs, equities and derivatives (swaps, futures, options)
  • Proficient in Microsoft Excel, experience with Bloomberg and Order Management Systems
  • Background experience trading derivatives is preferred but not required

 

SF: LI KV-1

 

 

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*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015.  See http://fortune.com/fortune500/2015/  for methodology.

 

1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.

 

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.


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