Vice President Active Investment Stewardship
Vice President Active Investment Stewardship
Posted on :
29-10-2024
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Job Description
Position: Vice President Active Investment Stewardship
Location: New York NY US
Job description
- Client is establishing a dedicated investment stewardship team for our active business. This capability builds on the innovation and customization Client has brought to stewardship to reflect clients individual investment choices and goals. The person in this role will contribute to our voting and engagement activities in relation to our active investment strategies consistent with our fiduciary duties as an asset manager to seek the best riskadjusted returns for clients within the mandates our clients have given us.
About our team:
- Client is a specialist team within the active investing business which manages Clients stewardship engagement and voting on behalf of clients invested in active strategies globally. This is an exciting opportunity to join a new function and we are looking to build a team of high performing associates and VPs located between LON and NY. The team sits within Clients Portfolio Management Group (PMG) which encompasses Clients Fixed Income Fundamental Equities Private Credit Systematic Investments MultiAsset Strategies and Solutions and Private Investors Businesses. Our activities are informed by our Global Engagement and Voting Guidelines and insights from active investment analysts and portfolio managers with whom we work closely in engaging companies.
- Engagement with public companies is the foundation of our approach to stewardship within fundamental active investing. Through direct dialogue with company leadership we seek to understand their businesses and how they manage risks and opportunities to deliver superior financial returns to our clients. Generally portfolio managers and stewardship specialists engage jointly on substantive matters. Our discussions focus on topics relevant to a companys success over time including governance and leadership corporate strategy capital structure and financial performance operations and material sustainabilityrelated risks as well as macroeconomic geopolitical and sector dynamics. We are constructive and patient investors and generally support management as they adapt and develop their businesses to perform over time. We aim to build and maintain strong relationships with company leadership based on open dialogue and mutual respect.
About the position:
- The Client Analyst will be responsible for voting and engagement in relation to a universe of companies in collaboration with active investors. They will provide support on portfolio company analysis engagement preparation and follow up and reviewing and assessing corporate governance in advance of voting. The intention is for the person in this role to specialize in a subset of the companies in Client engagement universe along with various aspects of relevant policy to support the delivery of our annual and longterm objectives. They will report to the Head of Client/Deputy Head of Client.
Key responsibilities at the Vice President level include:
- Demonstrating expertise in analysis of company performance corporate governance and material sustainabilityrelated practices.
- Preparing for participating in and documenting engagement meetings with portfolio companies often alongside active investors.
- Learning and applying Client engagement priorities proxy voting policies and key industry initiatives that have impact on Client policies and practices.
- Supporting data gathering benchmarking and reporting to support voting decisions and policy positions.
- Assisting in the preparation of position papers to facilitate issue discussion with broader Client audiences.
- Collaborating across the team to identify ways to improve policy and business processes.
- Building strong relationships and collaborating with relevant counterparts within the active investment business and selectively contributing to crossplatform initiatives.
The tasks involved in fulfilling these responsibilities include:
- Preparing for engagement with senior representatives of portfolio companies including crafting memos in preparation for meetings highlighting key data that will be useful in our engagement and stewardship efforts.
- Coordinating with active investors in fundamental equity and fixed income on engagement meeting agendas questions and objectives.
- Participating in industry research groups and thematic initiatives with the active investment teams as appropriate.
- Attending documenting and leading (as needed) engagement efforts including recording research notes to be stored and shared with select audiences within Clients active investment business.
- Monitoring policy developments to improve the relevance of Client guidelines.
- Participating in peer benchmarking analysis and modeling to contribute to leading engagement and voting practices.
- Monitoring proxy voting workflow to ensure all accounts are voted as intended and are in accordance with the appropriate guidelines.
- Supporting the development of Client position papers and reporting.
- Analyzing companies shareholder meeting agendas and related materials in order to vote in the manner most consistent with Client corporate governance policies and fiduciary responsibilities.
- Collaborating with clientfacing and communications colleagues to ensure client reporting and client presentations meet expectations and that client queries on corporate governance are responded to promptly and to the clients satisfaction.
- Reviewing the Client teams output and working practices to ensure risks are minimized and performance optimized.
Desired qualifications include:
- An undergraduate degree in finance economics accounting political science history sustainability or other relevant field.
- A minimum of 46 years of experience in a financial service focused role ideally with a demonstrated strong understanding of financial statements and corporate finance.
- Strong verbal and written communication skills including the ability to synthesize complex information and convey it in a clear and concise manner to seniorlevel audiences.
- A diligent focused and persistent work ethic to implement while leading multiple tasks and changing priorities.
- The ability to prioritize analyze and resolve complex issues under time pressure while maintaining consistent attention to detail.
- An organized selfreliant and selfmotivated approach to responsibilities.
- A keen interest in corporate governance and material sustainable business practices.
- Collaborative working style and strong interpersonal skills demonstrating the ability to build and maintain successful relationships with colleagues across the firm and with external parties.
- Proficiency using Excel PowerPoint and other Microsoft products.
Employment Type
Full Time
Key Skills
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