Neuberger Berman Director of Global Investment Stewardship in New York, New York
Neuberger Berman believes that integrating material environmental, social and governance (ESG) factors into our investment processes helps to better deliver our clients’ investment objectives. The firm has a long history of integrating ESG factors into its investment strategies – we introduced avoidance screens in 1942, launched a concentrated long-only active equity socially responsible fund in 1989 and have been a signatory of the UN Principles for Responsible Investment since 2012. As an active manager, engagement has always been central to our investment philosophy. We believe dialogue between investors and companies can positively influence corporate behaviors to drive long-term, sustainable returns for our clients.
The ESG Investing team is responsible for deepening and innovating Neuberger Berman’s integration of material ESG factors across equities, fixed income, and private investment strategies. This includes coordinating and guiding the engagement and stewardship activities of our portfolio managers and analysts, partnering with our portfolio managers on further improving their investment processes, and developing and launching new sustainable and impact investing strategies. The team also works directly with clients around the world to understand their ESG investment objectives and develop innovative solutions.
The successful candidate will report to the Head of ESG Investing and have overall responsibility for the firm’s global stewardship activities. The individual will work closely with our senior public equity portfolio managers and Global Equity Research team who engage with companies on a daily basis. The successful candidate will oversee our proxy voting process and policies, and coordinate our Proxy Voting & Governance Committee. Over time, the individual will be a partner to our fixed income portfolio managers and Credit Research team on engagement topics. Given the importance of engagement to the firm, the successful candidate will have exposure to the firm’s most senior leadership and be expected to lead the innovation of our approach to active ownership as a firm.
Oversee the execution and operations of the firm’s proxy voting processes in line with our fiduciary responsibilities to clients;
Refresh our proxy voting guidelines on an annual basis;
Partner with senior public equity portfolio managers and experienced industry analysts to provide advice and guidance as they engage with company management teams and board members;
Directly lead high profile engagements with company management teams and board members;
Advise portfolio managers on appropriate engagement escalation strategies up to and including nominating directors and running contested proxy campaigns;
Maintain and enhance the methodology for our proprietary Governance ratings incorporating quantitative and qualitative inputs;
Identify ways for the firm to continuously innovate its approach to stewardship in a manner that goes beyond maintaining regulatory compliance;
Manage junior team members directly and work collaboratively with colleagues from Operations, Legal & Compliance, Client Reporting and other functions;
Represent the firm as required at relevant industry events and in client interactions;
Support the successful implementation of the firm’s overall ESG investing strategy.
Undergraduate degree with strong academic credentials. CFA or MBA preferred;
Minimum of 8 years of work experience which must have included exposure to portfolio managers and investment analysts. Preference for buy side experience at a large investment management organization;
Demonstrated expertise in proxy voting, engagement and corporate governance;
Familiarity with proxy voting advisors and processes;
Understanding of ESG data sets and ESG ratings providers;
Strong verbal and written communication skills, including experience and comfort interacting with senior leaders and clients;
Track-record of balancing multiple stakeholders, building consensus, and delivering results;
Successful experience managing project teams in a dynamic and changing environment;
Comfort conducting basic financial modelling and other quantitative analyses;
Accountable, with a strong sense of professionalism and integrity;
Current or prior FINRA licensed professional preferred.
Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact firstname.lastname@example.org .
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Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 23 countries worldwide, the firm manages $356 billion in client assets (as of December 31, 2019) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.
Tenured, stable and long-term in focus, the firm has built a diverse team—including 600-plus investment professionals and more than 2,100 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second "Best Place to Work in Money Management” for last five consecutive years (firms with 1,000+ employees).
DIVERSITY, EQUITY & INCLUSION
At Neuberger Berman, we are dedicated to cultivating a diverse, inclusive and equitable environment, where our people can be their authentic selves and realize their professional and personal goals. Our approach is based on three primary tenets: empowering, connecting and caring.
Empowering : Our people have a voice and can bring their unique perspectives to both the business table and our walls. Notably, our Advocacy Walk—located on our executive floor—is a curation of pieces from our art collection that highlights important societal issues, and reinforces that we are a firm that encourages feedback and inspires our colleagues to take risks.
Connecting : Our people are united in the way we collaborate and lead. With support from the firm, many of our engagement initiatives, create a greater sense of fellowship amongst our colleagues and stronger connections. This includes our Employee Resources Groups—Women’s Forum, Veterans Group, NB Pride Network, NextGen Network, and the NB Black Experience—and cultural celebrations for Diwali, Chinese New Year and Hispanic Heritage Month, among others in which we celebrate the diversity of our people.
Caring : Our people serve their communities. Our NB Impacts program allows employees to leverage the firm’s broad resources to support their causes globally through charity and volunteer efforts that matter to them. From providing financial support (including the Neuberger Berman Foundation and corporate grants) to using our skills, time and effort (volunteerism and nonprofit board service), we believe strongly in extending our culture of service from clients to our community.
Neuberger Berman is passionate about supporting this environment by creating a workplace that provides balance and support for our employees—both professionally and personally. Our Employee Investment Solutions and best-in-class retirement program focus on financial health and wellness. In-house yoga, meditation and Peloton bikes, along with nutrition counseling and healthy cooking demos, are among our many body and mind wellness opportunities. Finally, our benefits are on the leading edge of policies around domestic partner benefits and family-oriented programs, including primary and non-primary care leave, adoption benefits, back-up childcare, and our NeuParents support and networking group.
Our people and our culture are our greatest assets, and we remain committed to making Neuberger Berman a best-in-class place to work.
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