Senior Portfolio Analyst, Asset Allocation

Principal Financial Group•Raleigh, NC

8h•Hybrid

About The Position

The Senior Portfolio Analyst role within Principal Asset Allocation’s (PAA) Portfolio Management team ($250 billion in assets) is responsible for the day-to-day research and implementation of open-architecture, multi-manager equity strategies. This role supports core-satellite strategies in portfolio construction and management decisions across six active equity strategies through quantitative research and analysis of approximately $20 billion in AUM.

Requirements

Bachelor's degree with an emphasis in finance, economics, accounting, or another technical field
8+ years related experience that includes quantitative research, risk management, risk analysis
Experience working with equities or equity portfolios, including exposure to portfolio construction, manager selection, or equity market analysis
Strong understanding of portfolio construction, asset allocation, manager selection and risk management
Programming experience (Python, R, C++, SQL)
Experience with performance or risk-based platforms such as Factset, Barra, Bloomberg, Morningstar

Nice To Haves

Advanced training in mathematics, statistics, computer science, or another highly quantitative field
Demonstrates strong analytical and problem-solving skills with the ability to synthesize large datasets into actionable insights and recommendations
Experience applying artificial intelligence or machine learning techniques to portfolio construction, investment research, or signal development
Excellent ability to communicate advanced concepts in a concise and logical manner
Strong attention to detail, organizational skills, and the ability to manage multiple tasks and requests from various stakeholders in a timely and efficient manner

Responsibilities

Lead research efforts focused on developing, enhancing, and maintaining systematic indicators to inform portfolio management decisions, including active-passive allocations, manager allocations, and portfolio construction across core-satellite portfolios
Enhance active-passive implementation frameworks to determine the optimal use of active managers, passive exposures, and blended structures based on market conditions, macro trends, and asset class dynamics
Design and maintain systematic risk mitigation signals, including mean reversion and stop-loss frameworks, to guide tactical positioning
Build, maintain, and enhance quantitative models and analytical frameworks used for portfolio optimization, signal generation, scenario analysis, and performance attribution
Monitor portfolio risk exposures, including sector, regional, factor, style, and macroeconomic risks, ensuring alignment with investment objectives and risk tolerances
Conduct research on market structure, behavioral finance, factor dynamics, and systematic investment strategies to support portfolio outcomes
Support portfolio management decision-making through analysis that informs portfolio allocation recommendations