Portfolio Construction and Risk Strategist

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Portfolio Construction and Risk Strategist Apply locations Boston, MA, United States time type Full time posted on Posted 10 Days Ago job requisition  R92724
About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

THE POSITION

Wellington is seeking a Portfolio Construction Analyst to work with the Portfolio Architecture team within Global Risk and Analytics (GRA). The Analyst will collaborate with GRA colleagues, portfolio managers, and IT professionals to develop quantitative methodologies for portfolio construction, addressing real-time requests and building scalable portfolio optimization capabilities.

The Portfolio Architecture team works to help investment teams successfully adopt quantitative approaches to portfolio construction and achieve superior risk adjusted return through rigorous, empirically grounded methods. They deliver portfolio construction solutions by managing strategies and by offering investors quantitative portfolio optimization solutions both through self-service software and consultative support. This role will contribute to both channels.

This role aims to provide best-in-class capabilities for portfolio construction. The Analyst is expected to become an expert in quantitative techniques, reading research literature on asset pricing and investing, independently implementing new methodologies, and conducting practical research to enhance portfolio construction for Wellington clients. While this is not a software developer role, a significant fraction of the Analyst’s work will manifest in developing algorithms and infrastructure for portfolio optimization.

The ideal candidate will have strong analytical and organizational skills, thrive in a team environment, quickly learn new analytical applications and investment products, and develop specialized knowledge in quantitative portfolio construction.

Key responsibilities for this role include:

• Developing methodologies and workflows for tax efficient trading of active equity ETFs;

• Extending algorithms and GUI functionality for portfolio optimization within GRA’s Python optimization libraries;

• Participating in the team’s daily portfolio management and rebalancing workflows;

• Developing methodologies for helping portfolio managers align views on expected return with quantitative techniques for position sizing;

• Developing effective scalable approaches to implementing consistent active positions across multiple accounts with differing client guidelines and benchmarks; and

• Implementing portfolio optimization algorithms that encompass flexible approaches to modeling risk and return objectives, practical market frictions (e.g., transactions costs, liquidity limits) and associated workflows within Wellington’s portfolio management software and trading operations.

QUALIFICATIONS

• Advanced degree (Masters or PhD level) in finance, econometrics, quantitative field (math, statistics, physics, electrical engineering, operations research)

• Understanding of asset pricing and basic portfolio construction paradigms

• Understanding of convex optimization and heuristics for non-convex optimization

• Strong technical background for prototyping and implementing, in code, optimizations and calculations relevant to programming skills (Python, R, SQL)

• Ability to think abstractly about complex mathematical problems, algorithms, and systems design

• 0-5 years of experience working in the asset management or closely related industry

• Ability to conduct independent research in a collaborative team environment

• Capable of taking responsibility for independent projects with limited supervision

• Grace…