Hybrid ETF Portfolio Manager

at Bitwise Asset Management

• Job title: ETF Portfolio Manager
• Job type: Full Time
• Experience level: Senior, Lead
• Salary: $200,000 - $300,000 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Java, Python, SQL, VBA
• Location requirements: Hybrid, San Francisco, United States

About the role

• ETF Portfolio Manager managing Bitwise’s index products including ETFs and private funds. Involved in trading strategies and compliance within a hybrid work schedule.

Responsibilities

• Manage index portfolios in multiple wrappers (ETFs, private funds, SMAs) within assigned parameters and tolerance levels.
• Manage assigned portfolios to meet performance standards consistent with fund investment objectives while adhering to fund specific and regulatory requirements.
• Proactively manage trading strategies, corporate action elections, tax mitigation strategies and/or other ad-hoc opportunities.
• Stay current on regulatory requirements and ensure portfolios remain compliant.
• Understand asset valuations in portfolios utilizing market information.
• Recognize portfolio risk situations and escalate appropriately.
• Attribute fund performance, understand and minimize sources of portfolio risk relative to benchmarks.
• Ensure prudent risk management with carefully developed investment and operational processes.
• Follow procedures and processes, monitor portfolio activity and performance.
• Trade multiple asset classes including derivatives, equities, futures, options, T-bills, crypto currencies, and other digital assets.
• Utilize multi-asset management experience to accurately monitor and trade portfolios across a variety of asset classes with best practice approach to trade execution.
• Execute trades in multiple workflows, minimize transaction impact and cost.
• Support new product launches by drafting prospectuses, related documentation and marketing materials.
• Accurately interpret and implement relevant index methodology, including rebalance changes.
• Proactively contribute to PM & trading systems/investment process enhancements.
• Liaise with other internal teams including sales and trading, investor relations, fund administration, research and legal.
• Effectively communicate, both orally and in written form, with a diverse group of junior and senior parties, both internal and external.
• Mentor other portfolio managers and assist in their growth and contribution to the team.

Requirements

• Bachelor’s degree, MBA or other relevant advanced certification.
• 10+ years of ETF and index portfolio management experience (Do not apply without ETF PM experience).
• Experience managing and/or trading 1940 Act Equity ETFs.
• Solid understanding of the index portfolio management process including index methodology and trading strategies.
• Comprehensive knowledge of ETFs, global markets and currency trading.
• Well-developed understanding of ETF operations including, basket file dissemination, NAV publications, and can troubleshoot issues with service providers.
• Understanding of the ETF arbitrage mechanism, the creation and redemption processes, and trade execution costs.
• Strong technical and analytical skills (Bloomberg and Advanced Excel).
• Proficiency in Microsoft Office, Google Apps, and portfolio management systems.
• Knowledge in SQL and a coding language such as VBA, Python, or Java is a plus.
• Experience implementing process improvements and project management.
• Excellent written and verbal communication skills and attention to detail.
• Strong will to learn and desire to be challenged.
• Ability to multi-task in a fast paced, team environment but are also self-directed, highly motivated, and able to work independently.
• Strong organizational skills and proactive planning, the ability to respond to urgent requests.
• Deep interest in cryptocurrency markets. Experience investing in crypto is a plus.

Benefits

• Health insurance, including dental and vision plans
• Health, Dependent Care and Commuter Flexible Spending Accounts
• Paid Parental Leave
• Life insurance; short- and long-term disability plans
• Company-funded 401(k) plan, no matching required
• Unlimited PTO
• 10 paid company-wide holidays
• Company-wide winter break for most roles
• Meals and snacks provided in office
• Paid company cell phone or stipend
• Bitwise “Buddy” Program (30-day new-hire success program)
• Annual birthday and anniversary gifts
• Company-wide events including annual holiday party
• Internal Women of Bitwise (WOB) group with fun events