Sound Point Capital Management, LP

Director - External Relationship Manager, Wealth Distribution (Midwest Territory)

NEW YORK, NYPosted a month ago

Job summary

  • Job post source

    This job is directly from Sound Point Capital Management, LP

  • Job overview

    The Director of Wealth Distribution for the Midwest territory will lead business development and client retention efforts, playing a key role in growing the firm's retail distribution strategy.

  • Responsibilities and impact

    The role involves cultivating and expanding relationships with wealth management platforms, RIAs, broker-dealers, and family offices, leading and recruiting sales professionals, and maintaining strong knowledge of the firm's investment products to effectively present to clients.

  • Compensation and benefits

    The salary range is $150,000 to $200,000, with no mention of bonuses or additional benefits; the position is exempt from overtime pay.

  • Experience and skills

    Candidates need at least ten years of investment industry experience, strong sales background, credit product knowledge, excellent communication skills, ability to work in teams, willingness to travel about one week per month, and FINRA Series 7 and 63 licenses.

  • Work environment and culture

    The company values diversity and equal opportunity, emphasizing teamwork and internal partnerships, especially with portfolio managers and marketers.

  • Company information

    Sound Point Capital Management is a New York-based credit-oriented investment manager overseeing approximately $44 billion in assets, specializing in a range of credit strategies for institutional and high net worth clients.

  • Job location and travel

    The position is based in the Midwest or New York City, with travel expected about one week per month.

  • Unique job features

    This role offers the opportunity to be instrumental in developing and expanding the firm's retail distribution strategy in a growing platform within credit investment management.

Company overview

Sound Point Capital Management, LP is an asset management firm specializing in credit strategies, including leveraged loans, high-yield bonds, and structured credit products. The company generates revenue through management fees and performance-based incentives from managing investment portfolios for institutional clients, such as pension funds, endowments, and insurance companies. Founded in 2008, Sound Point has grown significantly, leveraging its expertise in credit markets to navigate various economic cycles and deliver consistent returns. Key historical milestones include strategic partnerships and significant asset growth, solidifying its reputation in the financial industry.

How to land this job

  • Position your resume to highlight your extensive experience in investment industry sales, particularly with wirehouses, RIAs, broker-dealers, and family offices, emphasizing your ability to cultivate and expand wealth management relationships in the Midwest territory.

  • Showcase leadership skills, including recruitment and team growth, and your proficiency in presenting complex credit-oriented investment products confidently and independently to diverse audiences.

  • Apply through multiple channels such as Sound Point Capital Management's corporate career page and LinkedIn to maximize your chances and visibility for this role.

  • Connect with current employees in the Wealth Distribution or Sales divisions at Sound Point Capital Management on LinkedIn, using ice breakers like commenting on recent firm news, asking about their experience with the Midwest territory, or inquiring about the firm’s credit strategies and distribution approach.

  • Optimize your resume for ATS by including keywords from the job description such as 'wealth distribution,' 'credit strategies,' 'business development,' 'client retention,' 'FINRA Series 7 and 63,' and 'wealth management platforms' to ensure it passes initial automated screenings.

  • Use Jennie Johnson's Power Apply feature to efficiently tailor your applications, identify multiple application portals, and find LinkedIn contacts to network with, allowing you to focus your time on preparing for interviews and refining your pitch.

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