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Bitwise
ETF Portfolio Manager
atĀ Bitwise
about 5 hours ago | 8 views | Be the first one to apply

ETF Portfolio Manager

Full-time
San Francisco, North America

About the company

It’s not very often that a new asset class is born. But that’s exactly what we’re witnessing today with the rise of crypto. Over just the last four years, crypto has evolved from an embryonic $50B market to a young-but-growing $1T+ market today. At Bitwise, we think it’s just getting started. In fact, we believe crypto has reached a turning point, and is headed north of $10T over the next few years. Along the way, we expect there to be risks, pitfalls, and uncertainty — much like there was during the rise of the Web, of cloud computing, and of apps. But we also expect there will be great opportunities, and millions of people wanting to participate in the potential upside. Our goal at Bitwise is to help busy investors understand and access the opportunities emerging in the cryptocurrency asset class. We want all those who so desire to be able to come along for the ride in a secure and simple manner, and to be able to benefit from the role crypto exposure can play in pursuing their investment objectives. Today is an exciting moment for Bitwise as a firm. In 2021 we crossed $1B in AUM and are growing quickly with a suite of leading crypto index funds spanning large-cap crypto assets (ticker: BITW), DeFi, NFTs, Metaverse, and more to come. We also created the index behind the world’s first crypto industry equities ETF. We focus on serving investment professionals — financial advisors, family offices, hedge funds, endowments, foundations, and others — the people entrusted to look after the capital and savings of individuals and institutions across the country. We provide education, partnership, and professionally managed investment products tailored to this group’s needs, to help them build their view, pick their strategy, and get their exposure. Currently, Bitwise is a close-knit team of 70+ professionals. Think of us as a mix of an asset manager and a tech start-up. Our backgrounds combine technology expertise with decades of experience in asset management and indexing, coming from firms including BlackRock, Wealthfront, J.P. Morgan, IndexIQ, ETF.com, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office. We’re backed by some of the most accomplished investors in venture capital and veterans of the financial services world. We love working together, we love what we do, and we’re excited about what’s ahead.

Job Summary

Primary Responsibilities:

šŸ“Portfolio Management: šŸ“Manage index portfolios in multiple wrappers (ETFs, private funds, SMAs) within assigned parameters and tolerance levels. šŸ“Manage assigned portfolios to meet performance standards consistent with fund investment objectives while adhering to fund specific and regulatory requirements. šŸ“Proactively manage trading strategies, corporate action elections, tax mitigation strategies and/or other ad-hoc opportunities. šŸ“Stay current on regulatory requirements and ensure portfolios remain compliant. šŸ“Understand asset valuations in portfolios utilizing market information. šŸ“Recognize portfolio risk situations and escalate appropriately. šŸ“Attribute fund performance, understand and minimize sources of portfolio risk relative to benchmarks. šŸ“Ensure prudent risk management with carefully developed investment and operational processes. šŸ“Follow procedures and processes, monitor portfolio activity and performance.

Role Requirements:

šŸ“Bachelor’s degree, MBA or other relevant advanced certification. šŸ“10+ years of ETF and index portfolio management experience (Do not apply without ETF PM experience). šŸ“Experience managing and/or trading 1940 Act Equity ETFs. šŸ“Solid understanding of the index portfolio management process including index methodology and trading strategies. šŸ“Comprehensive knowledge of ETFs, global markets and currency trading. šŸ“Well-developed understanding of ETF operations including, basket file dissemination, NAV publications, and can troubleshoot issues with service providers. šŸ“Understanding of the ETF arbitrage mechanism, the creation and redemption processes, and trade execution costs. šŸ“Strong technical and analytical skills (Bloomberg and Advanced Excel).

If this role isn’t the perfect fit, there are plenty of exciting opportunities in blockchain technology, cryptocurrency startups, and remote crypto jobs to explore. Check them on our Jobs Board.

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