Portfolio Manager

Finance · Full-time · Remote · Remote possible

Job description

Who We Are

Ellevest is a fast-growing, venture-backed financial services start-up built by women, for women. Our mission is to get more money in the hands of women, no matter where they’re starting or how far they’ve come. We started by building the only gender-aware online investing platform that takes totally un-ignorable realities (like pay gaps, different salary curves, and women’s longer lifespans) into account. Then we added banking, learning, and money and career coaching services for Ellevest members, plus a full-service private wealth management service that helps high net worth people, families, and institutions align their financial power with their values.

Ellevest was co-founded by Wall Street veteran Sallie Krawcheck after she realized that the financial services industry was built by men, for men, systemically leaving women behind. During her Wall Street days, she served as CEO of Smith Barney, CEO of Merrill Lynch Wealth Management, and CFO of Citi. Ellevest has raised $145 million from investors including Rethink Impact, Pivotal Ventures, Valerie Jarrett, Salesforce Ventures, PayPal Ventures, MasterCard, Khosla Ventures, Morningstar, and Venus Williams.

Diversity, Equity & Inclusion

Ellevest is an equal opportunity employer and we value diversity at our company. Data shows that diverse teams are more innovative, make better decisions, and lead to greater employee engagement. When hiring, we look for culture add, not culture fit. That means hiring people who bring new perspectives and different experiences to our team. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

About This Position

As a Portfolio Manager on the Investments team, you will work with Ellevest’s Private Wealth Management (PWM) team to develop, execute, and manage investment portfolios for high net worth clients in accordance with client objectives and the firm’s investment philosophy and methodology. Under the direction of the Senior Portfolio Manager, you will develop investment proposals and personalized investment strategies, leveraging Ellevest’s asset allocation and investment methodology established by the Investments team. You will manage, trade, monitor, and maintain client portfolios, adjusting as circumstances change, and communicate progress with Financial Advisors and clients. You will help develop robust processes, tools, and systems to enhance and scale the investment process and create written documentation of procedures. This role requires excellent communication skills both internally, across teams, and externally with our clients. This is a full-time position on our remote-first team.

Day-to-day you will:

  • Partner with Financial Advisors to develop customized investment strategies and construct portfolios to meet client objectives consistent with Ellevest’s investment philosophy
  • Independently monitor client portfolios and suggest changes as needed; execute transactions efficiently for client portfolios as necessary
  • Regularly report on portfolio progress and developments to Financial Advisors and clients
  • Conduct due diligence on existing fixed income strategies and regular searches for new strategies that fit within our investment methodology and/or impact lens
  • Report out on performance attribution to the broader Private Wealth Management team, and on a regular basis
  • Work in cross functional teams and independently to develop additional tools and systems to scale the investment process to increase efficiency and consistency

We’re looking for:

  • 4+ years’ experience in decision-making investment or wealth management function, ideally working with high net worth clients with 5-8+ of total experience in financial services
  • Demonstrated knowledge of a broad range of securities across global equities, fixed income, and alternatives
  • Experience with asset allocation and trade execution across ETFs, Mutual Funds, stocks and SMAs while considering tax consequences.
  • Ability to translate investment solutions and communicate them clearly to financial advisors, clients, and prospects with different levels of investment expertise; exceptional attention to detail and understanding of fiduciary responsibility
  • Comfortable working in Excel; familiarity with Schwab Institutional and Black Diamond, a plus but not required
  • CFA designation or CFA II completed preferred but not required
  • Excellent problem-solving skills, able to think creatively
  • Passion for our mission and impact investing

Working at Ellevest

Ellevest was founded in New York City, but today, our fully remote team is spread across the whole United States. As a member of the team, you can expect to do work that directly impacts our mission and the lives of real women every day.

We’re also dedicated to building a work environment where everyone on our team can grow and thrive, with flexible working hours and time off; remote work policies designed for transparency and effective cross-team collaboration; ongoing team building and professional development; and more.

Do you think you could thrive in this role?

Please send us your application — even if you don’t check every single box. No two people’s career paths look exactly alike, and skill sets come in many different forms. We can’t wait to hear about yours.

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