Director of Portfolio Management

Overview

Modera Wealth Management is an independent, fee-only firm that makes a lasting positive impact on the lives of our clients through comprehensive financial planning and intelligent investment management. Modera is fast-growing and has a track record of providing career development opportunities from entry level to ownership. Since 1983, Modera has been committed to being an integrated advisory firm, and not a decentralized firm of advisors.

Our growth has been driven by a desire to give clients a personalized service experience with our distinct combination of professional excellence and a friendly, relatable work style. Through this vision, we have grown to more than 200 employees in 19 offices along the East Coast, managing more than $15B in assets for more than 6,000 individuals, families, and businesses.

We are looking for a Director of Portfolio Management that will create, execute, and drive the vision/strategy of the group along with managing the team s daily operation.

Please Note:

We have ONE opening for a Director of Portfolio Management that can be based in one of our many office locations:
Boston, MA, Westwood, NJ, New York, Charlotte, Atlanta, and Wayne, NJ.

• Manage the daily activities of the Portfolio Management team and ensure there is a proper structure for supporting the firm s trading and portfolio management goals
• Constantly iterate and improve the accuracy, efficiency, and scale of the portfolio management function in the areas of team structure, operating model, enhancements to existing software packages, evaluating new software, etc.
• As part of the investment team, identify problem areas and recommend appropriate and strategic solutions in the areas of portfolio implementation and maintenance, team structure, cross departmental communication, etc.
• Coordinate the integration of Investment Committee s (IC) recommendations into the portfolio management software ensuring alignment with IC guidelines with client specific restrictions and directives as communicated by the client s advisory team
• Ensure implementation of the Investment Committee s recommendations regarding asset class, market cap, sector, and individual security weightings into Modera s client management and portfolio management systems
• Establish and implement Portfolio Management guidelines and ensure that trade recommendations align with the IC guidelines
• Supervise and develop senior portfolio managers and other members of the department; conduct ongoing feedback and periodic performance reviews
• Work alongside Operations and Client Service teams to integrate the assets of newly acquired firms into Modera s reporting and trading software(s)
• Work effectively with team members, other firm professionals, and departments (including marketing, client service, administration, compliance, and operations) in successfully advancing the goals and objectives of the firm
• Act in alignment with user (advisors, clients, internal MWM staff) needs and system functionality
• Improve the frequency and consistency of portfolio rebalancing as part of the Unified Client Experience
• Lead regular team meetings and department-related projects
• Provide periodic reports for the ELT and other management committees

We want a team player who can leverage the strength of the firm to deliver outstanding results and solutions. We are looking for people who embody Modera s core values:

• Confident Humility – a quintessential team player, willing to do whatever it takes to get the job done, with pragmatic optimism
• Contagious Growth Mindset – a continuous learner with intellectual curiosity who strives for excellence and inspires others
• Trusted Relationships – supportive and authentic with mutual respect for colleagues

• Bachelor s Degree required
• 7+ years management experience
• Demonstrated experience overseeing a large, national trading platform
• Demonstrated experience partnering with and servicing advisors across a firm
• Demonstrated experience implementing trading systems and procedures
• Demonstrated experience managing high-volume teams

• Comfortable speaking up and driving initiatives forward
• Interested in making a significant impact
• Excels in a fast-paced, high-engagement environment with an extraordinary desire to innovate
• Demonstrated leadership skills. Must mentor other team members which includes training, mentorship, feedback on professional development, and supervisory duties
• Highly professional team player, able to work well with all levels of the firm, as well as with clients
• Highly proficient in portfolio management and trading software , including the Microsoft Office Suite
• Excellent written and verbal communication skills
• Adaptability and flexibility are required, ability to work under pressure and beyond standard working hours during busy periods to meet tight deadlines
• Must be organized, meticulous, dependable, adaptable, detail and service-oriented and able to multitask
• Strong sense of…