Director of Investment Optimization & Risk
Company: EDWARD JONES
Location: Saint Charles
Posted on: January 25, 2023
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
- Lead strategic direction of investment optimization
capabilities which deliver personalized, tax-efficient, multi-asset
portfolios to clients at scale.
- Enhance existing and build new capabilities consistent with
- Responsible for team of optimization and investment risk
- Direct and conduct active research and portfolio optimization
design including objective functions, risk constraints, reference
benchmarks, and investment universe to align dynamic advisory
accounts to investment goals and client preferences.
- Research and enhance portfolio optimization configuration to
ensure alignment of dynamic advisory accounts to client objectives
and investment parameters.
- Analyze and enhance batch optimization study research and
process to ensure best-in-class optimization configuration and
- 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 batch optimization analysis to key
stakeholders and leadership.
- Implement and enhance framework for portfolio optimization
review and monitoring of dynamic advisory accounts using Aladdin
Wealth platform, as needed.
- Contribute to division and firm initiatives as
High level of authority. Analysis requires gathering all relevant
facts, analysis of the information, and judgment to make
optimization strategy recommendations. Investment optimization
leader is responsible and account for the team's ability to make
complex portfolio optimization and risk decisions that impact
client accounts and the investment advisory platforms. These
decisions are presented to and discussed with other key
stakeholders, including senior leadership.
Span of Influence:
High span of influence. Investment optimization leader is
responsble for guiding the team of investment optimization and risk
managers to identify and assess various configurations and inputs
into the portfolio optimization process including configuring risk
constraints, analyzing optimization output, and recommending
optimization strategies to leadership and key stakeholders.
Incorrectly designing portfolio optimization configuration or
failing to identify risk could have significantly adverse effects
on client outcomes and firm performance. This individual is also
responsible for shaping the strategic direction of the optimization
capability which is a key feature of the firm's investment advisory
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 10 years' experience in portfolio construction,
portfolio optimization, investment management, or investment risk
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.Experience with multi-factor risk models i.e. Aladdin, MSCI,
Axioma, etc.Strong knowledge of portfolio construction, portfolio
optimization, and/or portfolio risk management.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.
- 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
- Strong people leadership including attracting, engaging, and
- 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
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: $153959 - $262147
Keywords: EDWARD JONES, Elgin , Director of Investment Optimization & Risk, Accounting, Auditing , Saint Charles, Illinois
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