Vehicle Portfolio Manager (ETF Focus)

Capital Group (Los Angeles CA, USA) 1 day ago

Req ID: 39523 

Location: Los Angeles, CA 

Other location(s): Los Angeles (CA) 

Relocation benefits offered:  

Travel required:  

“I can be myself at work.”

You define yourself by more than just a job title, and we want you to feel comfortable bringing your true self to work. We value your talents, your traditions and your take on the world  ̶  everything that makes you unique. We’re working hard to advance diversity, equity and inclusion in our organization and our communities because we know that what makes us different makes us better.

We want you to feel a strong sense of belonging. We value and welcome your experiences, ideas and identity. Over 40 employee resource groups unite our people and help to develop our collective empathy through unfiltered conversations about race, ethnicity, gender, gender identity, sexual orientation, faith, disabilities, mental health and so much more.

“I can influence my income.”

You want to feel recognized at work. Your performance will be reviewed annually, and your compensation will be designed to motivate and reward the value that you provide. You’ll receive a competitive salary, bonuses and benefits. Your company-funded retirement contribution will be the equivalent of 15% of your annual pay (including bonuses).

“I can lead a full life.”

You bring unique goals and interests to your job and your life. Whether you’re raising a family, you’re passionate about where you volunteer, or you want to explore different career paths, we’ll give you the resources that can set you up for success.

  • Enjoy generous time-away and health benefits from day one, with the opportunity for flexible work options
  • Receive 2-for-1 matching gifts for your charitable contributions and the opportunity to secure annual grants for the organizations you love
  • Access on-demand professional development resources that allow you to hone existing skills and learn new ones

COVID-19 HIRING: Our recruiting and onboarding activities are virtual during the pandemic and we’ve transitioned to a work-from-home environment until further notice. We are offering generous work-from-home benefits to improve our associate’s ability to work remotely.

Capital Group

Founded in 1931, Capital Group/American Funds Group (“Capital”) is one of the world’s largest and most trusted investment management organizations, managing approximately US $2.1 trillion in assets on behalf of over 60 million individual and institutional investor accounts in 29 offices across Asia, Australia, Europe and the Americas.

Capital’s core mission is to improve people’s lives through successful investing. To accomplish this, the firm invests clients’ assets based on rigorous research and careful attention to risk. The firm believes that active investing produces significant advantages to investors over the long term and its excellent investment track record speaks for itself. Capital also has consistently been among the lowest-cost active fund managers and has compared favorably with many passive providers. The firm’s portfolio managers are among the most experienced in the industry, with an average of 22 years of experience at Capital.

Capital’s organization of 7,800 associates comprises of groups that perform securities analysis and portfolio management, market and distribute the organization’s investment products, provide service and operational support, and operate the firm’s large technology infrastructure. Clients include institutions such as public and corporate retirement plans, endowments and foundations, sovereign wealth funds, financial institutions, retail investors (who invest via the American Funds mutual fund family in the U.S.) and high-net-worth individuals.

Vehicle Flexibility

Beginning in early 2000’s, through our “Vehicle Flexibility” (VFlex) initiative, Capital expanded our suite of services beyond mutual funds and institutional mandates to new products such as funds of funds, separately managed accounts, and collective investment trusts in the US, as well as Luxembourg-based funds and segregated accounts to serve investors in Europe and Asia. These products, called Vehicles, deliver Capital’s active investment convictions through a systematic portfolio construction process. We’re excited that the next step will be to add active ETFs to our VFlex offering in North America.

Vehicle Portfolio Managers

Vehicle Flexibility group comprises of Vehicle Portfolio Managers (VPMs), Vehicle Specialists (VSs) and Quantitative Research Analytics (QRA) and Technology (QRT) associates.

Vehicle Portfolio Managers (VPMs) manage the Vehicle portfolios. They are responsible for ensuring that the Vehicles are faithful representations of Capital active investment strategies and that the results dispersion is minimized. They also represent Vehicles internally to Capital stakeholders, as well as to the external market.

We are excited to seek an experienced Vehicle Portfolio Manager with deep ETF product, market, and distribution expertise to join this new initiative.

Vehicle Portfolio Manager (ETF Focus) - Primary responsibilities

  • Deliver the convictions of the Investment Group into Vehicles while minimizing results dispersion.
  • Review and approve model designs and back tests, taking into account CG policy and client restrictions. Determine the optimal number of holdings to best represent the strategy while protecting transparency and meeting client needs.
    • Maintain deep understanding of the convictions of the Investment Group and ensure they are reflected in each portfolio.
    • Manage communication with Investment Group Analysts and PMs.
    • Work daily with Vehicle Specialists to review model output for portfolios and approve recommended trades where they align with Investment Group conviction. Manage exceptions where recommended trades are not approved / aligned with conviction.
    • Monitor investment results and dispersion, constantly looking for opportunities to improve the process.

  • Be the primary Investment Group point of contact for clients of VFlex.
    • Maintain a deep understanding of what each portfolio holds and ensure that the Vehicle is an appropriate representation of the reference strategy.
    • Work with the Investment Specialists to address client needs and questions around the process, portfolio, or strategy, both during and after the sales process.
    • Present V-Flex investment services at finals and annual review/due diligence meetings with home offices, gate keepers and institutional clients.
      • Participate in the oversight of the Vehicle Flexibility process within Capital Group.
      • Report to VFlex Investment Committee responsible for governing the overall V-Flex process and expanding our V-Flex capabilities.
    • Provide oversight to Vehicle Specialists

ETF Specific Responsibilities, in addition to the VPM Primary Responsibilities

  • Work closely with the Trading and Investment Operations teams to ensure that our ETF products are structured for efficient trading and execute an effective create-redeem basket process.
  • Monitor and facilitate interaction with our internal Capital Markets team who will be trading the ETFs in the primary and secondary markets. Liaise if needed with Authorized Participants and Market Makers.
  • Engage in internal projects to improve our ETF product and process.
  • Develop and maintain strong relationships with the sales teams, by providing ongoing training, education, and updates about Capital Group’s ETFs. Meet and engage with clients to talk about our ETF products, processes and strategies.

Skills/Qualifications:

  • 8+ years of experience in the investment management industry, including extensive experience with ETF’s.
  • In-depth knowledge of portfolio construction, index or active investment strategy replication, securities and investment business.
  • Established thought leader with a strategic and analytical mindset, and a deep understanding of the ETFs. Existing relationships with APs, Market Makers, and other participants on the ETF ecosystem a plus.
  • Exhibits knowledge in current and possible internal and external future policies, practices, trends, technology, regulations, and information affecting ETFs, the asset management industry and CG overall. Exhibits knowledge of ETF fundamentals and the factors that drive pricing and liquidity.
  • Strong academic credentials including an advanced degree in a quantitative field. A CFA is preferred.
  • Intellectual curiosity and analytical skills in areas of high complexity, ambiguity and diversity.
  • Ability to collaborate and develop/maintain working relationships inside and outside the organization to enable effective completion of business objectives.
  • Sound judgment in resolving complex issues in a practical manner.
  • Effective and influential written and oral communication skills with a diverse group of associates and senior business leaders.

“I can apply in less than 4 minutes.”

You’ve reviewed this job posting and you’re ready to start the candidate journey with us. Apply now to move to the next step in our recruiting process. If this role isn’t what you’re looking for, check out our other opportunities and join our talent community.

“I can learn more about Capital Group.”

At Capital Group, the success of the people who invest with us depends on the people in whom we invest. That’s why we offer a culture, compensation and opportunities that empower our associates to build successful and prosperous careers. Through nine decades, our goal has been to improve people’s lives through successful investing. We know that our history is a testament to the strength of the people we hire. More than 7,800 associates in 30+ offices around the world help our clients and each other grow and thrive every day. Find us on LinkedIn, Glassdoor, FairyGodBoss, DiversityJobs and Instagram.

We are an equal opportunity employer, which means we comply with all federal, state and local laws that prohibit discrimination when making all decisions about employment. As equal opportunity employers, our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender and gender identity), pregnancy, childbirth and related medical conditions, age, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, citizenship status, AIDS/HIV status, political activities or affiliations, military or veteran status, status as a victim of domestic violence, assault or stalking or any other characteristic protected by federal, state or local law.

Vehicle Portfolio Manager (ETF Focus)

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