TIAA Assoc, Index Equity PM in Minneapolis, Minnesota
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com
Assoc, Index Equity PM
The Associate, Index Equity Portfolio Management job maintains and manages the Equity Index Team's investment infrastructure, conducts research of current and new strategies, and assists in managing equity portfolios to optimize investment performance consistent with investment portfolio objectives and risk profiles. While working independently under general supervision, this job assists senior staff in all phases of large scale multi-disciplinary projects while influencing others within the job area through their knowledge and experience.
Key Responsibilities and Duties
Assists portfolio managers in designing and developing systems and operational efficiencies to improve investment infrastructure.
Monitors internal and external relationships with key business unit contacts, partners, and suppliers as they relate to investment portfolios.
Completes research, including background research, corporate relationships and the valuation and recommendation of the securities, and performs financial valuation for securities.
Monitors research and analysis of daily investment activities to ensure their success, and recommends actions to portfolio managers as needed.
Researches and documents investment buying and selling strategies that deliver a business advantage and maximizes the investment portfolio.
Analyzes the investment merit of all types of securities and recommends sales of securities, reinvestment of proceeds, and investment of new cash funds.
Assists a small team in managing multi billion dollars in index, ETF, and socially responsible investment strategies for both institutional and retail clients.
Assists portfolio managers in management of cash for funds, to make maximum use of available funds, within established company policies and cash requirements.
Reviews the investment of company funds, the impact of index changes and develops recommendations for portfolio managers review
Contributes to the trading (including portfolio rebalancing and trade lists submissions), research, and underwriting of the company’s investment portfolio.
2 Years Required; 3 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
- University (Degree)
Fluency in a statistical coding language (Python, R, SAS, etc.) is highly preferable. Must have excellent technical skills and attention to detail.
Maintain/manage processes that support the investment process
Point person for corporate action decisions across the firm
Assist in management of cash for funds
Review impact of index changes to funds and notify PM of material changes
Manage portfolios (time frame dependent upon experience), which includes portfolio rebalancing, reviewing, and submitting trade lists.
Preferred Skills and Experience:
A Bachelors degree in science (math/science/engineering) or social sciences (finance/economics)
Basic knowledge of financial markets and quantitative techniques
Understand the various benchmark construction methodologies and how they affect the management of portfolios
Detail oriented and ability to multi-task
Strong verbal and written communications skills
Ability to improve efficiency through technology/automation
Desired Skills and Experience:
Experience with UNIX/LINUX navigation and scripting
Prefer CFA or CFA candidate, or other investment related credential (e.g. CIPM, CFP)
Familiarity with a programming language (SAS, Python, R, etc.)
Minimum Pay: $94,000.00
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
For residents of California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) to access the TIAA CA Applicant Privacy Notice.
For residents of the EU / UK, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) to access the EU / UK Pre-employment Notice.
For all other residents, click here (http://www.tiaa.org/public/tiaa-nuveen-privacy) to access the Applicant Privacy Notice.
TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.