Position Description

Part A - Role Specification

Role Title: / Manager/Senior Manager, Portfolio Construction
(Macro and Portfolio Construction Team)
Department: / Investments
Position Statement (succinct statement of why the position exists)
In this management-level role, the appointee will be responsible for developing and maintaining the portfolio construction capabilities of the Macro and Portfolio Construction team. The Macro team has the responsibility for the developing the Fund’s broad asset allocation strategy and the recommending the asset allocation strategy with Balanced option.
The role complements the remainder of the Macro and Portfolio Construction team, whose role is to develop economic insights and potential asset allocation strategies for implementation.
Key Duties (what is done, how it is achieved and what the end result is)
1.  Advise on the proposed sizing/allocation of assets and strategies across the Balanced option having regard to:
·  The strategies recommended/available across the investment department;
·  The Fund’s shorter-term tactical and longer-term strategic objectives and performance targets;
·  The Amount and allocation of risk;
·  Any Constraints (e.g. costs, illiquidity).
Communicate the results the Macro and Portfolio Construction team and influence key stakeholders across the investment department.
2.  Oversee the development and maintenance of quantitative models/portfolio construction tools required by the Macro and Portfolio Construction team. Models include portfolio risk, factor risk, risk budgeting and macro-factor/strategy back-testing.
3.  Monitor and research developments in new asset classes and investment strategies, sourcing input from other teams in the investment department, the broader investment industry and academia.
4.  Guide and develop research agenda into new and existing portfolio construction techniques, including quantitative modelling and testing of approaches to portfolio construction and design, including the balance of strategic, tactical, active and passive strategies.
5.  Mentor and guide staff responsible for quantitative modelling within the Macro and Portfolio Construction team.
6.  Contribute opinions and ideas into the Macro and Portfolio Construction Team’s setting of the asset allocation strategy.
Quantitative Data (e.g. Number of Staff)
7.  Staff (direct reports) 1-2
8.  Budget n/a
Delegations, Authority Levels, and Decision Making (including decisions made by incumbent as well as referrals to higher authority)
All work will be subject to the review the Head of Macro - Portfolio Construction.

Part B - Person Specification

Qualifications and Skills (indicate whether mandatory or desired)
Mandatory:
·  Superior tertiary qualifications in Finance, Mathematics, Econometric, Actuarial Studies or a related field, including postgraduate studies in an investment or mathematical field;
·  Ability to synthesize complex information into concise conclusions and communicate them in a comprehensible manner;
·  Strong experience working in a team environment, including working collectively with team members and a demonstrated capability to work collaboratively with specialists in assets classes,
·  Demonstrated strong understanding of quantitative modelling;
·  Willingness to learn and contribute to team initiatives and activities, including contributing to team discussions on investment issues;
·  Self-starter, with an ability to undertake research projects;
·  A strong desire to develop a career in investments.
Desired
·  Comfortable working in small, collaborative team environment, where team members are expected to have the capacity to work independently on certain projects, and be prepared to work together and provide feedback and input team initiatives;
·  Hardworking, with high levels of energy, commitment and drive;
·  Strong understanding of investment principles, investment instruments and the financial markets.
·  Understanding of programing in one or more languages (Python, C++, Matlab, R, etc.) is a plus
Experience Profile (indicate whether mandatory or desired):
Mandatory
·  A minimum of ten years’ experience working with an institutional investment manager, asset consultant, institutional fund/investor, investment bank or research house will be looked upon favourably;
·  Experience in Advanced use of MS Office products and investment system/s especially Excel
·  Experience in statistical / econometric modelling software;
·  Knowledge and capability to undertake statistical analysis (including times series, factor and cluster analysis) and econometric modelling and forecasting;
·  Experience in undertaking significant research projects involving financial and/or economic data, either though university or in the workforce;
·  Experience in preparation and delivery of reports and/or research findings.
Desired:
·  Management experience in investments in a financial services environment
·  Experience in working in a team environment.

Part C – Required Competencies

Competencies Profile
(See Competency Dictionary for details)
Competency / Required Level
Shapes member experience / Developing
Technical competence / Effective
Business and industry awareness / Developing
Teamwork / Effective
Embracing challenge / Effective
Informed and decisive judgement / Developing
Results delivery / Developing

Part D – Additional Information

Additional Information
This description is indicative of the range of job requirements and accurately reflects the requirements of the role at the time of writing. Due to the nature of the work environment changes may occur to this role over time. The job comprises other duties as required.
Position Description: Manager/Senior Manager – Portfolio Construction / Last Updated: 9 May, 2015 / Page 1 of 3