Vice President/Manager Research

AllianceBernstein L.P. seeks VP/Manager Research in New York, NY to help reviewing investment opportunities to understand if forward-looking after-tax, risk-adjusted returns might be attractive addition to client portfolios. Conduct returns-based analysis on investment products which includes analyzing historical performance metrics to determine how an investment is performing relative to an appropriate asset class benchmark (i.e., Beta, Alpha, Standard Deviation, Sharpe, Information Ratio, Up/Down Capture, etc.). Conduct peer analysis on investment products to determine how an investment is performing relative to other viable options to invest in that asset class. This involves deep familiarity with peer benchmarking tools such as Morningstar, eVestment, Preqin, Pitchbook, Cambridge Associates, etc. Review investment portfolio holdings to understand if an investment is providing desired exposure to an investment opportunity in a way that is consistent with the investment’s stated objectives. This includes reviewing portfolio construction (concentration, position sizing, liquidity), trading behavior. Assessing the investment process of the portfolio managers of a strategy, including vetting portfolio manager experience, idea generation process, investment philosophy, investment underwriting framework, portfolio construction, risk management. Reviewing the business risk of an investment which considers assets under management, economic viability of the strategy, client diversification, expense level, vehicle structure, liquidity terms, fees and other operational due diligence items. Must be available to work in office three days a week.  Work from home is acceptable two days a week.

REQUIREMENTS: Bachelor’s degree or foreign degree equivalent in Finance, or related field and five (5) years of progressive, post-baccalaureate experience the job offered or related role. 

SKILLS: Experience and/or education must include the following: 

1. Investment research and due diligence on long only strategies; 

2. Investment research and due diligence including quantitative and qualitative evaluation of alternative investments; 

3. Excel based statistical analysis using StatTools and @Risk; 

4. Perform returns and holdings based analysis using eVestments and Novus; 

5. Conduct peer analysis across investment strategies; 

6. Run scenario and stress testing using RiskPlus to examine portfolio risk factors 

7. Review of investment terms including fees, liquidity and lock ups across investment share classes and vehicle structures; and 

8. Prepare detailed investment reports on strategies reviewed.

To apply, please email AB-Applications@alliancebernstein.com and ref job code 7160112.