BNY Mellon - Boston, MA

posted 4 months ago

Full-time - Entry Level
Boston, MA
10,001+ employees
Credit Intermediation and Related Activities

About the position

Newton is a global investment management firm owned by BNY, with offices in London, New York, Boston, San Francisco, and Tokyo. It provides investment services to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, other pooled investment vehicles, and other institutions, and, via BNY Investments, to individuals. Newton uses an active, multidimensional, and engaged approach in striving to deliver attractive outcomes to those clients. Newton focuses on four key areas: Active Equities, Income, Absolute Return, and Multi-Asset Solutions. We are seeking a future team member for the role of Portfolio Manager - Small Cap to join our Equities Investment team. This role is located in Boston, MA - HYBRID. In this role, you'll make an impact by being a generalist long-only junior portfolio manager with a particular focus on small cap, with the ability to self-select securities with interest-sensitive business models. The team expects a number of original and analytically rigorous investment theses each year for inclusion into the portfolio(s) over a 3-5+ year horizon. The candidate will contribute to portfolio construction and will be involved with meeting clients and marketing. To be successful in this role, we are seeking an aligned investment philosophy. Our focus is on looking for opportunities amidst controversy. We aim to find quality businesses that, for whatever reason, have fallen out of favor and to make judgments as to whether and how long the business will remain impaired. The ideal candidate will be a problem solver, a lateral thinker with a desire to solve problems, and the ability to construct original angles on potential investment theses. A genuine team player is essential, as the candidate must be eager to collaborate with other teams across Newton's investment function and comfortable trusting others. Investors at Newton are open-minded, flexible, and emotionally robust. Exceptional communication skills are a must; the candidate should be a thoughtful and engaging presenter. Experience in external communication to existing and potential clients is desired, although not a requirement. Internally, the ideal candidate will be at ease debating their own investment ideas and the ideas of others. Qualifications include an exceptional academic record, and a CFA designation is desirable.

Responsibilities

  • Act as a generalist long-only junior portfolio manager with a focus on small cap investments.
  • Self-select securities with interest-sensitive business models.
  • Develop original and analytically rigorous investment theses for portfolio inclusion over a 3-5+ year horizon.
  • Contribute to portfolio construction and management.
  • Engage with clients and participate in marketing efforts.

Requirements

  • Aligned investment philosophy focused on finding opportunities amidst controversy.
  • Strong problem-solving skills and ability to construct original investment theses.
  • Genuine team player with a collaborative mindset.
  • Exceptional communication skills, both internally and externally.
  • Exceptional academic record; CFA designation is desirable.

Nice-to-haves

  • Experience in external communication to clients.
  • Familiarity with investment management and portfolio construction.

Benefits

  • Highly competitive compensation and benefits.
  • Wellbeing programs and resources.
  • Generous paid leaves, including paid volunteer time.
  • Access to flexible global resources and tools for personal and professional growth.
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