Associate FX/Implementation Portfolio Manager

Business Unit:

Investment Division

Salary Range:

$83,000 USD - $88,000 USD

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Job Description:

We are looking for bright, driven, and thoughtful candidates to join our dynamic FX portfolio management team and to build a rewarding investment management career! This position will provide opportunities to work side-by-side with portfolio managers across our global financial services business and to learn from the best.

You will:

• Work with both the Currency Management team and the Implementation Portfolio Management team.
• Develop skills in implementing currency mandates, as well as developing skills across a broad range of tasks carried out by the Implementation Portfolio Management team.
• Report directly to the Head of Currency Management.

Opportunities for growth and development:

• The opportunity to be fully supported to earn the CFA designation including benefits to support your endeavor that include time off and financial support.
• Ability to shape an evolving investment process and workflow to potentially include new and emerging technology.
• Cross-functional training and networking opportunities within and beyond Russell Investments.

Your Core Responsibilities:

• Currency
• Responsible for day-to-day implementation of currency management assignments within Russell funds, and for external client mandates.
• Ensure that mandates operate within allowed parameters as specified in Investment Guidelines at all times

• Exposure management
• Accountable for day-to-day implementation of fund portfolio manager decisions and fund activity.
• Assists in daily management of fund cash flows.
• Decides on the optimal implementation strategy.
• Adjusts daily exposures and implements operational policies within parameters set by the Head of Portfolio Implementation.
• Creates and instructs trades and ensures timely implementation.

• Contributes to overall strategy development and implementation for portfolios to help generate superior investment performance in Russell Investments’ funds and separate accounts.

• Portfolio restructures
• Responsible for the management and coordination of fund transition events.
• Assists with strategy development to determine the most efficient implementation solution for specific manager changes and fund launches for both incoming and existing clients.
• Coordinates with multiple departments to establish and manage implementation strategies. Ensures efficient, risk-controlled plans for implementing investment process launches or changes.

• Team support
• Provides support to the Head of Portfolio Implementation as it relates to the improvement of the new and existing operational infrastructure for all asset classes, including portfolio viewing, implementation and analytics.
• Stays informed of market events and guides portfolio managers in their implementation decisions.
• Other tasks and duties as assigned.

Qualifications:

• Bachelor’s degree with an interest in global financial markets, portfolio management, and analytics.
• At least two years related investment experience, or experience in the investment management industry.
• Strong Microsoft Excel skills, particularly in developing and using macros; or willingness to learn.
• Strong attention to detail and accuracy.
• Effective written and verbal communication.
• Ability to work independently, meet deadlines, and manage multiple priorities.
• Collaborative mindset. Positive attitude and team-oriented approach.
• Basic understanding of securities markets, derivatives, and foreign exchange investment strategies.
• Exposure to trading, operational and/or funds environment.
• Knowledge of quantitative investment practices, including portfolio analysis and optimization, is a plus, as is experience with Bloomberg or the ability to use or learn technology systems.

This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.

Equal Employment Opportunity

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.