Portfolio Manager

Portfolio Manager

Investment Management Team | New York, NY 

What you’ll do: 

As a Portfolio Manager, you will lead the development, implementation, and oversight of direct indexing and multi-asset portfolios across SMA and UMA platforms. You will play a key role in portfolio construction and analysis, manage the onboarding of sophisticated client mandates, and serve as a subject matter expert to internal and external partners. You’ll work with other members of the Investment and Engineering teams to refine, enhance and build best-in-class portfolio management capabilities covering thousands of accounts. You’ll partner with other members of the Ethic team to design and implement personalized investment strategies and proposals tailored to client objectives and values. Additionally, working with us, you’ll…

• Own and execute on portfolio construction, rebalancing, performance monitoring, and investment strategy analysis across all multi-asset and direct indexing portfolios.
• Use quantitative risk models to optimize enhanced indexed SMA equity strategies.
• Lead the development and management of model portfolios across asset classes, ensuring alignment with investment objectives, market views, and risk parameters.
• Design, implement and QA end-to-end new investment process functionalities and improvements
• Work closely with our technology and sustainability teams to discover and execute on opportunities for innovation and automation throughout the portfolio construction, management and client engagement/reporting processes
• Partner with Relationship Management and Business Development teams to create and implement portfolio solutions for our clients
• Conduct in-depth investment research and portfolio analysis, including risk assessments, exposure attribution, customization implementation, and tax-aware overlays.
• Promote knowledge sharing and organizational learning through documentation, internal training sessions, and cross-functional collaboration.

Who you are: 

• You’re passionate about positively impacting the future of our planet and humanity
• You’re independent and comfortable working at a small, fast-paced startup 
• You’re kind, curious, and interested in other people’s perspectives
• You’re inventive and excited about building something new
• You’re open-minded and value diversity

What you’ll bring to the table: 

• 4 - 8 years of experience in quantitative investment, with multi-factor risk model experience
• Strong understanding of direct indexing, multi-asset portfolio construction, and SMA/UMA platform implementation.
• Proficiency in tax loss harvesting strategy is required
• Understanding of investment operations including trading, execution, reconciliation and performance
• Ability to clearly articulate investment strategy, portfolio construction, and customization to clients, advisors, and internal stakeholders.
• Familiarity with designing and QAing end-to-end investment process improvements and support scalable technology-driven solutions.
• Demonstrated ability to identify opportunities for innovation, automation, and process improvement in investment workflows.
• High attention to detail and accountability in a fast-paced, high-volume environment.
• Interest in sustainable investing, values-based strategies, or the intersection of finance and impact is a plus.

About Ethic:

We at Ethic partner with advisors and institutions to deliver personalized, values-aligned, and tax-smart investing. Our technology enables sophisticated investment solutions through a simple and engaging client experience. We empower advisors and institutions to deliver investments that reflect what matters most to them and their clients.

We're backed by investors including Oak HC/FT, Nyca Partners, Fidelity, UBS, Jordan Park Group, and Kapor Capital. We are an SEC Registered Investment Adviser based in New York City.

Our team is committed to fostering an environment that brings together diverse voices, perspectives, and lived experiences. We are striving to drive positive outcomes for investors and to contribute to a more sustainable and prosperous future for the world.

Compensation & Benefits: 

Compensation at Ethic is a combination of base salary, equity (stock options) in the company, and benefits. 

The base salary for this role will range from $130,000-160,000 per year, commensurate with experience. 

Our benefits package includes:

• Medical, dental & vision insurance – premiums 100% covered by Ethic (includes dependents) 
• 401k with sustainable investment options and a 3.5% employer match
• Unlimited paid time off 
• 16-weeks of paid parental leave 
• An annual $600 wellness & education stipend
• Sponsored employee resource groups
• Regular lunch & learns and volunteering opportunities
• A fully-stocked office in lower Manhattan + the flexibility to regularly work remotely

Location: New York, NY (in-office at least 3 days a week) 

Submit an application: 

If you are interested in applying for this role, please submit both a resume and a cover letter below. 

Ethic values the diversity of our team and welcomes applications from all backgrounds and life experiences. In order to continuously grow a diverse team, we are taking a data-driven approach to understanding and iterating our hiring practices.