Associate Director, Quantitative Equities

Principal Financial Group•Chicago, IL

1d•$137,000 - $185,000•Hybrid

About The Position

We’re looking for an Associate Director, Quantitative Equities to join our Equities team at Principal Asset Management. In this role, you’ll apply quantitative methods to research, develop, and implement investment strategies, helping to inform key decision-making across our equity portfolios! Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 13 consecutive years! Check us out at www.principalam.com!

Requirements

Bachelor Degree in Statistics, Data Science, Business, Finance, Financial Engineering, Engineering, Computer Science or equivalent
5+ years of related experience in equity investment industry and quantitative finance (models), options preferred
Experience with programming such as Python, R, and/or SQL

Nice To Haves

Experience in Data Engineering, including database design and ETL principles
Ability to make effective, well-informed decisions and recommendations in a highly time-sensitive environment, often with incomplete and/or contradictory information
Ability to efficiently and effectively research and summarize information, and communicate persuasive recommendations
High level of self-initiative, be able to work independently within a collegial structure, and be comfortable taking risks
Enjoy asking questions, expressing opinions, and actively engaging in internal discussions regarding investment strategy and recommendations
Ability to demonstrate creativity and offer unique solutions to complex problems
Creativity in defining challenging exploratory projects and developing solutions

Responsibilities

Leverage Quantitative Methods to Inform Investment Decisions around income enhancement
Build tools to evaluate options market opportunities
Evaluate other income enhancing tools and asset classes
Advise portfolio managers across US and Global Strategies
Lead data sourcing and management efforts, including acquisition from external vendors, pipeline development, database design, and quality assurance to ensure timely and accurate information delivery
Publish and monitor production models that influence investment decisions
Deliver interfaces and solutions to end users in intuitive and useful ways
Monitor and control performance of models and investment products
Leadership of projects and people including supporting Portfolio Managers and Analyst teams

Benefits

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.

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