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Investment Optimization & Risk Manager

Location: Maple Park
Posted on: March 8, 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: $109696 - $186781
      Category: Headquarters

Keywords: EDWARD JONES, Elgin , Investment Optimization & Risk Manager, Executive , Maple Park, Illinois

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