VP/Director of Manager Research

What You’ll Do:

We are looking to hire a Director of Research (DoR) within the Bernstein Private Wealth Management Manager Research Group.

A strong candidate is an investment professional that will help lead research and due diligence efforts, managing a team of 4-6 manager research and quantitative analysts who are authoring research reports on existing and potential investments on the Bernstein investment platform. The role is multi-faceted as it involves enhancing processes and procedures for the team and overseeing the group’s adherence to these policies. This role is a player/coach position that involves strategizing with team members on how to perform research on individual strategies and then reviewing work product prior to sharing with other constituencies. The role also involves a strategy and scouting component to identify compelling asset class investment opportunities, performing industry surveys of investment managers within asset classes.

Essential aspects of a candidate’s skill set include knowledge of the financial markets, investment manager evaluation, an effective interpersonal style, and a record of professional success. The DoR will need to leverage fundamental and quantitative analytical skills in manager evaluation. The DoR should be able to digest a large array of investment content from inside and outside the firm and translate that into written memoranda and verbal presentations during investment committee meetings. 

Key activities for this professional will include:

• Review, make revisions and ensure compliance to MRG governance documents and research templates
• Manage Production Calendar of Research Reviews for existing investment platform and pipeline of new ideas
• Create communication materials to update advisor force on progress of internal reviews
• Develop automated processes to facilitate faster review of investment platform. Collaborate with PWM Quant, AB Data Science and AB Reporting Teams on the production and improvement of data templates
• Provide research oversight and final review of research reviews on prospective and existing investments that are being authored by members of the MRG
• Conducting research on asset class opportunity set and recommending changes Strategic Asset Allocation and/or Tactical Asset Allocation
• Lead the effort on new research initiatives including conducting an industry survey, meeting with potential managers, conducting reference checks
• Oversee a team of four to six manager research analysts including managing team capacity, setting research priorities and mentoring these individuals on future career growth
• Partner with CIO and Investment Strategy Group team members on ad-hoc strategic projects

What We’re Looking For:

The ideal candidate should have:

• Approximately 15 years of experience in the investment management industry with at least 5 years conducting and/or overseeing manager research.
• Direct relevant experience in and a broad understanding of the capital markets in both public and private markets – including equity investing in domestic and international markets, hedge funds and other alternatives, fixed-income investing, fundamental and quantitative research, and risk management.
• Undergraduate or graduate education in Finance, Accounting preferred.
• CFA and/or CAIA is preferred.
• Ability to author detailed Research Memoranda that contain a detailed summary of research findings.
• Outstanding presentation skills and the ability to explain complex thoughts quickly and easily.
• Ability to work with a wide array of people across functions to achieve optimal outcomes.
• Excellent communication skills, analytical, intellectually curious, client-service oriented, have a hunger to learn, be open to feedback, and able to work in a team-based culture.
• High integrity is essential to every role at Bernstein.

Who You’ll Work With:

Bernstein’s Private Wealth Management investment platform is overseen and curated by the Investment Strategy Group which is led by a Chief Investment Officer.  The Investment Strategy Group serves three functions: 1) Overseeing the Bernstein investment platform, creating strategic allocation advice, 2) Supporting our Financial Advisors client servicing and marketing endeavors with our largest and most important existing and prospective clients 3) Creating all investment-related private client-driven communication, including quarterly servicing materials, blogs, podcasts and webinars.

Within the Investment Strategy Group, a Manager Research Group (MRG) is responsible for monitoring existing investments, conducting due diligence on new ideas and provides these research insights to the Investment Strategy Group to make informed decisions.

Who We Are:

Bernstein Private Wealth Management advises high-net-worth clients on planning for—and living with—the complexities that come with wealth. We specialize in addressing challenges that extend beyond wealth management by offering a vast network of resources customized to clients’ values and needs. Bernstein is distinguished among major wealth managers by its holistic approach, flexible process, innovative research, sophisticated modeling, and cutting-edge investment solutions. Our people are our advantage. Our collaborative culture means each client is supported by a team of specialists aligned with a shared sense of purpose. Bernstein is a business unit of AllianceBernstein, which ranks among the largest investment managers in the world, with over 4,000 employees across 57 locations in 26 countries and jurisdictions. Our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work. Join us in pursuing insights that unlock opportunities. Learn more at www.Bernstein.com

In accordance with applicable law, the minimum and maximum base annual salary for this role is $175,000 to $225,000 annually. Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at AB, which may include, depending on eligibility, commissions, year-end incentive compensation, short- and long-term incentives and Department-specific awards. In addition, AB provides a variety of benefits to eligible employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays, sick and vacation time off.

People of color, women, and those who identify as LGBTQ people are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law.  AB’s policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria

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