Director - Asset Allocation, Portfolio Construction

FM•Boston, MA

5d•Onsite

About The Position

The Director – Asset Allocation, Portfolio Construction will support the asset allocation team’s investment research, portfolio analysis, and decision-making process across a globally diversified multi-asset portfolio. These asset classes include global public equities, global fixed income, multi-assets, private and liquid alternatives. The role will help in generating insights that inform asset allocation, portfolio construction, market positioning, risk management, and performance evaluation. Working closely with mid-level and senior investment leaders and members of the asset allocation team, this individual will contribute to both tactical asset allocation and also strategic asset allocation efforts. On the tactical side, the role will contribute to market research and tactical positioning, including the development of models and frameworks to assess the near-term attractiveness of major asset classes and conducting cross-asset and relative value analysis to inform internal investment views. In parallel, the role will also support strategic asset allocation studies, including the development and maintenance of models used to generate capital market assumptions, as well as the application of quantitative frameworks to portfolio construction and design. The role also contributes to ongoing portfolio oversight, including monitoring and interpreting portfolio-level and asset-class exposures and risks across key entities. Responsibilities extend to supporting investment policy development and governance, as well as enhancing the team’s analytics infrastructure and tools. This is a very exciting and intellectually challenging role operating at intersection of quantitative finance, asset allocation, capital markets and macroeconomics.

Requirements

7 to 10 years of dynamic financial markets experience in a trading, portfolio management, markets research, or risk management role.
Experience investing across asset classes, with evaluating investments and market opportunities, portfolio-level implications, and strategic or tactical allocation frameworks in a multi-asset portfolio.
Solid analytical and quantitative skills.
Experience with Bloomberg and/or FactSet.
Ability to communicate complex analysis clearly and concisely to investment colleagues and senior stakeholders.
High attention to detail, strong work ethic, and intellectual curiosity.
Collaborative mindset with the ability to work effectively across teams and functions.

Nice To Haves

Experience with derivatives.
Programming experience preferred, particularly in Python.

Responsibilities

Monitor markets, conduct research to help generate views on positioning, active risks and relative value across major asset classes and sub-asset classes.
Analyze portfolio structure, including exposures, risk allocation, diversification, liquidity, performance drivers, and evaluate the impact of potential allocation changes and portfolio tilts on overall portfolio outcomes.
Build and maintain cross-asset and relative value models to inform near-term portfolio positioning.
Develop and maintain capital market assumptions and assist with quantitative portfolio construction, optimization and scenario analysis.
Help evaluate new asset classes, investment strategies, implementation vehicles, and research topics that support asset allocation objectives.
Monitor active risk and asset allocation exposure across entities; identity deviations and recommend adjustments where appropriate.
Support risk management and reporting requirements related to regulatory and rating agency frameworks and contribute to stress testing, scenario analysis and downside risk assessment.
Partner with investment, operations, and accounting teams on cash/liquidity management, portfolio implementation, and trade support across entities.
Prepare portfolio reviews, market updates, investment reports, and ad-hoc analyses for the investment team and senior stakeholders.