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Type of Role: InvestmentsRisk

Experience Level: VP/Principal/Director

Location: Los Angeles, California

Salary: $100K - $140K

Lido was created from a consortium of family office advisors who came together to share strategies for wealth protection and management. Our clients can expect a new style of wealth advisory, with access to alternative investment opportunities, as well as more traditional strategies. Lido advisors know their clients on a first name basis, and each has a team of wealth managers, tax advisors, financial planners and more to support their comprehensive wealth management needs. We take a proactive and holistic approach to wealth advisory – constantly aiming to protect, grow and preserve clients’ legacies for future generations.  Details below.

Description

Lido Advisors, LLC, one of the fastest growing and dynamic independent SEC-registered investment advisors in the country, is looking to expand its Legal, Compliance, and Risk Department by adding a Vice President to our Risk team. Reporting to the Chief Legal and Compliance Officer, you will be leading our firm’s risk efforts while working closely with but independent of the Chief Investment Officer and the Investment Management team.

With a minimum of five years of wealth management-related investment experience, the successful candidate will have direct experience with identifying and managing risks in the micro (client-by-client allocations of fixed income, equity, derivatives, and alternative investments) and the macro (investment and allocation best practices and model risk profiles).

You must be ready to take on the daily challenges of managing investment and allocation-related risks arising from Lido’s rapidly expanding national presence, managing nearly $20 billion of assets (increasing 30% year-over-year), and growing stable of in-house, affiliated, and third-party managed investment vehicles.  You will be assessing and evaluating the risks associated with working through what can be hundreds of millions of new and ongoing allocations of client assets per week. Your track record of achievement and excellence through identifiable results in education and professional experience will be meaningful for us.  Most importantly, we value diverse perspectives that will contribute to our team’s and our firm’s competitiveness, capabilities, and culture.

Duties and Responsibilities

  • Excellent communication and advocacy skills to apply in advising senior executives and the firm as a whole or key risk-related issues.
  • Review and assess a unique allocation and investing environment to deliver a comprehensive plan to address the individual client risks and the firm’s overall risks.
  • Ability and agility to adjust to a highly competitive industry and fast-growing firm’s business and investment priorities and practices.
  • Value inclusiveness in a dynamic team environment, engage in robust deliberations and engagement, be fearless in defending your point of view, and accept that the process of finding the right answer requires open and direct dialogue.
  • Embrace and harness technology and innovation to address, elevate, and scale our firm’s risk practices.

On a technical basis, you will:

  • Supervise a team of high-achieving colleagues.
  • Develop, refine, and monitor the models for asset allocation in conjunction with the Chief Investment Officer and Investment Management team.
  • Approve the requests for trades and other projects as permitted by the asset allocation models.
  • Develop a deep understanding of the pros and cons of Lido’s strategies.
  • Maintain daily interaction with Traders and Advisors.
  • Implement procedures and policies for tracking and communicating to clients on legacy positions.
  • Contribute to the development of risk-related paperwork or disclosures, including risk profiles, options paperwork, and one-offs.
  • Participate in discussions regarding client margin, including interfacing with advisors for remediation.
  • Maintain daily review of options summary spreadsheets.
  • Engage in operations review of new accounts and their risk profiles. 
Requirements
  • Minimum of 5 years of Portfolio Management, Asset Allocation experience, preferably at an RIA.
  • Quantitative education desired – Finance, Accounting, Economics, Math, Engineering.
  • CFA (Chartered Financial Analyst), CAA (Chartered Asset Allocator) or other Investment certifications desired.
  • Understanding of the trading process.
  • Excellent Excel skills and a solid understanding of other relevant software, including a portfolio management package such as Addepar.
  • Extensive knowledge of options, especially mechanics, time value, volatility, etc.
  • Basic understanding of illiquid alternative investments.
  • Some understanding of Compliance, especially as related to SEC advertising rules.
  • Strong written communication skills.

We are an equal-opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status, or any other class protected by federal, state, or local law. In addition, we do not discriminate against qualified applicants with arrest or conviction records.

The successful candidate’s starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. The range below is an estimate and may be modified in the future.

Salary Description
$100,000 – $140,000