Portfolio Manager - Index Alternatives

Your role

Are you looking for a role that combines day-to-day portfolio management with longer-term initiatives, including research, product development and platform enhancement across the full range of portfolios? Depending on your experience, you will progressively take responsibility for portfolio management, investment decisions and client engagement.

We are looking for Portfolio Manager Index Alternatives – ETFs, Structured Solutions & Commodities help us in the following areas:

Portfolio Management & Implementation
• manage or contribute to the day-to-day running of ETF, index and derivative-based portfolios, in accordance with investment objectives and risk guidelines
• generate and execute trades across securities, futures, swaps and structured instruments, including management of cash flows, rebalancing and currency hedging
• monitor performance, attribution, liquidity and alignment with benchmarks.

Product Development & Research
• contribute to the development and enhancement of index strategies, ETFs and structured investment solutions, including input into product design and implementation
• support and, where appropriate, lead aspects of new product launches and strategy evolution
• conduct market research and competitor analysis to inform positioning and development priorities
• produce investment insights and supporting materials, contributing to the team’s intellectual capital

Collaboration & Platform Development
• work closely with trading, structuring, sales, operations and technology teams, acting as a point of coordination across functions
• contribute to the firm’s One Bank approach, connecting investment capabilities with structuring, execution and distribution
• identify and drive improvements in portfolio management tools, analytics and processes, supporting scalability and efficiency

Risk & Client Contribution
• monitor market, liquidity and derivative risks, including scenario analysis where appropriate
• act as a subject matter expert for strategies and products, providing performance analysis and investment insights
• contribute to and participate in client discussions, due diligence and sales processes, supporting clear communication of investment strategies.

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.
We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Your team

You’ll be working in the Index Alternatives team in London, within UBS Asset Management. The team manages a range of systematic, rules-based strategies across portfolios including synthetic ETFs, physical commodity funds, structured solutions and multi-asset strategies.
You will report to the Head of Index Alternatives and work closely with trading, structuring, sales, operations and technology teams.

Why join us?

• Investment Platform: work across a range of index and alternative strategies, including ETFs, structured solutions and commodities
• Integrated Model: be part of a platform aligned with the firm’s One Bank approach, working closely with trading, structuring and distribution teams
• Client Focus: play a role in delivering investment outcomes and client solutions at scale, with direct exposure to clients over time
•Development: this role is designed to evolve with experience, offering increasing responsibility across portfolios, products and client interaction
• Collaborative Environment: work within a team-oriented platform with broad internal interaction

Your expertise

• experience in portfolio management, ETF management or index investing
• strong knowledge of derivatives, including futures, swaps, options and OTC instruments
• understanding of:
o systematic investment / QIS frameworks, portfolio construction and risk management techniques
o market structure, liquidity and execution across listed and OTC instruments
o ETF ecosystem, index implementation and replication methodologies (physical and synthetic)
• experience managing rebalancing, cash flows and tracking error
• strong technical skills, including:
o Excel and Bloomberg for analysis, data interpretation and portfolio monitoring
o working knowledge of Python and/or SQL, with experience supporting data-driven workflows, automation and analytics
o exposure to data science techniques, data visualisation and scalable analytical tools

Additional qualifications (preferred)
• professional certifications such as CFA, CAIA or CQF (completed or in progress)
• additional language skills

You are:
• analytical and detail-oriented, with a disciplined approach to portfolio management
• comfortable working in fast-moving market environments
• collaborative, with the ability to work effectively across functions
• a clear communicator, able to explain investment concepts concisely
• organised and able to balance day-to-day responsibilities and longer-term initiatives
• You’re curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment – validating outputs and aligning with policies, risk standards, and ethical use.

Differentiating factors:
• experience managing or contributing to live portfolios
• familiarity with index construction, replication methodologies or structured products
• experience engaging with clients or supporting distribution efforts
• track record contributing to product development, research or platform improvements.

About us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.
We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves. Want to find out more? Visit ubs.com/careers.