Portfolio Construction Lead: Equity Trading & Tax Strategy

Portfolio Construction Manager At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. With a 200‑year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career. In this role you will be responsible for the implementation of recommended investment strategies in client portfolios. This position assists in managing clients’ assets, including cash, equities, fixed income, and private investments while acting as a liaison with the relationship managers regarding these investments. The Portfolio Construction Manager implements investment programs approved by BBH portfolio managers and BBH’s Investment Research Group. Trades are sized and pre‑trade compliance is performed before sending to BBH’s trade execution team. Post‑trade reviews and controls are also performed to ensure the accuracy of both the individual trade and the overall portfolio in relation to a client’s Investment Policy Statement. The Portfolio Construction Manager will support one‑off trades, both client and RM directed, as well as specialty trades such as control persons’ trades directed by insiders or control persons of publicly traded corporations. This role will also implement tax strategies such as annual tax loss harvesting across relationship teams. The Portfolio Construction Manager will execute on responsibilities related to the Centralized Portfolio Implementation (CPI) initiatives which include execution of all equity and fixed income trades, unilaterally implementing asset allocation changes, monitoring and correcting portfolio drift, deploying and raising cash in client portfolios as needed, including Wealth Strategies and Private Funds while ensuring clients’ accounts are managed properly to their signed IPS. The Portfolio Construction Manager will oversee daily operations and manage the daily workflows of the team. He/she will be responsible for defining goals, communicating objectives, and monitoring team performance to ensure tasks are completed efficiently. The Manager will be responsible for documenting procedures, ensuring Risk Control Self Assessment (RCSA) remains up to date, documenting and recording errors in our firm‑wide E&O database (FRED) and ensuring the team is operating within BBH policies. He/she will also be responsible for mentoring team members to enhance their skills and support their career growth. Key Responsibilities Equity Strategy Related Trading Implement equity strategies across accounts based on account‑level coding, taking into account client restrictions and trading guardrails established in the client Investment Policy Statement. Represent and explain portfolio implementation services to relationship teams. Perform variance checks on SMA trades for the respective names traded to ensure the proper trades were executed based on the requests provided by the PM. Perform trade block review to ensure the correct weights are traded. Relationship Manager And Client Directed Trading Manage and invest discretionary cash from subscriptions and redemptions, new cash or withdrawals of cash, and changes in Investment Policy Statements. Ensure CPI investments or divestitures are in line with RM expectations and clients Investment Policy Statement. Rebalance Trading Rebalance accounts to keep them in line with the account’s Investment Policy Statement in a tax‑efficient and prudent manner. Account Maintenance Review account codings and account restriction requests to ensure alignment with account investment objectives. Perform account coding review for all the allocations to ensure the correct SMA codes are traded. Leadership Ability to problem solve, evaluate options, and take initiative while considering impact on team and organization. Develop strong interpersonal relationships with team and Front Office. Articulate clear vision and goals that align with the investment implementation support pillar. Communicate effectively both verbally and in writing. Qualifications Bachelor's degree required. 7+ years of Financial Services experience, with at least 3+ years in Portfolio Management. 3+ years of managerial experience required. Charles River experience required. Must have prior trading and/or portfolio implementation experience. Must have strong Excel and PowerPoint skills. The role is based in our New York City location and is a hybrid role, with a minimum of three days per week in office. Salary Range $110k–$150k base salary + annual bonus. BBH and its affiliates’ compensation program includes base salary, discretionary bonuses, and profit‑sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. BBH’s total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long‑term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well‑being. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law. #J-18808-Ljbffr Brown Brothers Harriman