Senior Portfolio Manager Assistant at Ameriprise Financial in New York, New York

Job description

• The Portfolio Management Assistant supports daily portfolio operations, trade-readiness, rebalancing activity, business development activities, issue resolution, and process improvement efforts. This role requires strong attention to detail, analytical problem-solving, effective communication, and the ability to work collaboratively with Portfolio Managers, internal operations teams, external business partners, and vendors in a fast-paced environment.

Responsibilities

• Execute daily portfolio validation and monitoring processes, including validation checks, automated reporting review, cash position tracking, and flow monitoring to ensure accurate portfolio operations.
• Identify and escalate portfolio issues requiring immediate attention to minimize operational risk and support timely resolution.
• Implement portfolio rebalance scheduling in preparation for trading activities.
• Support trading and rebalancing activity by raising orders in order management systems and acting as a second set of eyes for Portfolio Managers.
• Execute market orders and manage corporate actions to support accurate and efficient portfolio activity.
• Communicate with external business partners, vendors, internal operations teams, and counterparties to support smooth daily operations.
• Troubleshoot settlement issues, monitor partial fills, and coordinate follow-ups to resolve operational breaks.
• Drive process improvement and documentation initiatives by identifying automation opportunities, developing standard operating procedures, and maintaining process documentation to support business continuity.
• Review client proposals to ensure data integrity before sending to Distribution partners.

Requirements

• Ability to work effectively in a fast-paced, deadline-driven environment.
• Strong analytical and problem-solving skills with the ability to define problems, collect data, establish facts, and draw valid conclusions.
• Exceptional attention to detail and commitment to accuracy.
• Excellent written and verbal communication skills.
• Strong organizational skills with the ability to multi-task, prioritize, and follow through on deadlines.
• Task-oriented approach with a focus on follow-ups, accountability, and timely execution.
• Ability to build collaborative relationships across teams and business partners.
• Inquisitive mindset with a commitment to continuous learning and process improvement.
• Highly analytical professional with a degree in Mathematics or a related quantitative discipline, strong technical and programming skills, and the ability to apply data-driven solutions to complex business and operational challenges.
• Financial services industry experience.
• Understanding of direct indexing, investment strategies, and market dynamics.
• Familiarity with portfolio optimization concepts.
• Intermediate to advanced Microsoft Office skills, including Excel, Word, PowerPoint, and Visio.
• Experience with process automation tools.
• Foundational knowledge of AI theory and practical automation use cases.

Skills

Required

• Exceptional attention to detail
• Strong organizational skills
• Task-oriented approach
• Inquisitive mindset
• Technical and programming skills
• Data-driven solutions

Preferred

• Financial services industry experience
• Experience with process automation tools

Benefits

• The estimated base salary for this role is $76,700 - $90,000 per year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.