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Type of Role: InvestmentsResearch

Experience Level: Analyst/Associate

Location: New York City, New York

Salary: $100K - $135K

Fiduciary Trust International is a wealth management firm founded in 1931 by families for families, with a singular focus on growing and protecting our clients’ wealth through generations. We work closely with individuals, families and foundations to build and manage personalized investment portfolios, and to develop estate plans that extend wealth to future generations. And, we are part of Franklin Templeton, a global investment leader. That means we can combine a personalized experience with access to sophisticated research and investment solutions.

POSITION OVERVIEW:

Reporting to the Head of Asset Allocation, the IA is a key member of the Asset Allocation Group and helps develop and maintain the firm-wide asset allocation process for FTI. The IA works with senior investment leaders to support our investment strategy process and framework. The Associate helps oversee the ongoing market and economic research process as well as the development and dissemination of firm-wide asset allocation policy and views.

The IA has primary responsibility of governing the Asset Allocation Committee meeting process. The IA will need to understand and analyze market conditions across various global asset classes and provide the Asset Allocation Committee with necessary macroeconomic and asset class research to support tactical asset allocation recommendations. The Associate also communicates firm-wide asset allocation policy to the broader organization. The IA compiles asset class research and analysis that helps provide quantitative input into the strategic and tactical asset allocation process and decision making. The Associate analyzes macroeconomic and market data while keeping up to date on the latest news related to global markets. Familiarity with multi-asset class investing and a strong knowledge of macroeconomic variables and their impact on asset class returns is key. When policy changes are made, the Associate updates and maintains models across multiple technology platforms, runs regular portfolio attribution and stress tests on the policy portfolio.

 

The IA supports the annual capital market expectations process and develops strategic asset allocation models. The IA also collaborates with other groups across the Franklin Templeton enterprise to leverage applicable work being done elsewhere in the organization. Building and maintaining relationships is key to success in the role.

 

KEY RESPONSIBILITIES:

  • Work with the Head of Asset Allocation and the CIO in developing strategic and tactical asset allocation strategies across global asset classes
  • Own and update all strategic and tactical asset allocation models across various systems and databases
  • Provide market-driven scenario and fundamental analysis to better understand the return profile of our investment policy decisions
  • Help senior leaders and PMs understand the global economy to help make informed asset class recommendations by providing research across various asset classes
  • Monitor economic developments and market trends while preparing recommendations for risk management and asset allocation rebalancing decisions
  • Govern and prepare materials for Fiduciary Trust’s monthly Asset Allocation Committee meetings
  • Develop, maintain, and report on risk management oversight of asset classes and strategies to mitigate unintended exposures
  • Articulate asset allocation decisions and investment policy to internal audiences
  • Aid in the development and publication of the annual strategic asset allocation policy and capital market expectations report
  • Initiate ad hoc research pieces and white papers highlighting important macro asset class developments
  • Support and contribute content for thought leadership and white papers to be used by sophisticated client groups and leveraged in firm-wide investment content
  • Assist in internal and external client education on a broad range of investment topics through the generation of client friendly commentaries
  • Help draft pieces for client/prospect distribution, press queries, and other external requests
  • Serve as a proxy for the Director of Asset Allocation as needed
  • Assist in educating internal audiences on investment strategies and products. Articulate investment philosophy and performance and cross-platform storytelling to external (potential and existing clients) and internal (sales, client service, and marketing) audiences

 

QUALIFICATIONS:

Education and Certifications –

  • Bachelor’s degree in Finance or Economics required
  • Advanced degree preferred
  • CFA® designation (or working towards completion) preferred

 

Experience –

  • 2-5 years’ relevant investment/asset management or financial services experience required
  • Some experience in asset allocation, macroeconomics and/or asset management required

 

Skills/Knowledge –

  • Strong written, communication and interpersonal skills with the ability to work effectively with a variety of senior investment leaders
  • Strong presentation skills with the ability to articulate investment policy views and current market conditions
  • Ability to work collaboratively in a peer-to-peer and team environment
  • Ability to communicate research findings and investment views through regular reports, emails, and in-person meetings
  • Ability to build effective relationships across all investment disciplines within the organization
  • Proactive and creative individual who is able to analyze quantitative and qualitative market relevant data from a variety of sources
  • Excellent attention to detail and follow-through
  • Strong understanding and application of investment risk management
  • Technological knowledge and experience with tools necessary for research, implementation, and reporting (Bloomberg, Macrobond, FactSet, Morningstar Direct, etc.)

 

Learn more about FTI: Click here to learn about FTI, The Story of Fiduciary Trust International

 

Compensation Range: Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Fiduciary Trust International, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the base salary for this position to range between $100K – $135K plus an opportunity to earn a discretionary bonus.  Base pay offered may vary depending on job-related knowledge, skills and experience.