Managing Director, Portfolio Construction, Public Equities

CLOSING DATE:
June 9, 2026. This position will expire at 11:59pm MT on June 8, 2026.

Managing Director, Portfolio Construction will lead the development and execution of AIMCo’s portfolio construction capabilities within the Public Equities asset class. This senior leadership position requires deep institutional investing expertise, strong people leadership, and the ability to influence investment decisions across portfolio management, research, risk, and client teams.

• Team Leadership & Organizational Development:
  • Work with Global Head of Public Equities to balance risk allocation, return optimization, and client mandate alignment.
  • Build, lead, and mentor a dedicated Portfolio Construction team, fostering accountability and continuous improvement.
  • Set clear objectives, priorities, and development plans aligned with AIMCo’s investment philosophy.
  • Attract, retain, and develop top talent across quantitative, analytical, and portfolio strategy disciplines.
  • Establish best‑in‑class processes, governance, and decision‑making frameworks within the team.
• Portfolio Construction & Strategy:
  • Design and implement portfolio construction frameworks across Public Equities, including factor exposures, risk budgeting, and capital allocation.
  • Translate macroeconomic views, client needs, and investment insights into actionable portfolio positioning.
  • Enable consistent application of portfolio construction principles across equity and absolute return strategies.
  • Conduct portfolio optimization analyses including attribution, position sizing, and hedge efficiency.
  • Drive innovation in portfolio construction methodologies, advanced analytics, optimization techniques, and scenario analysis.
  • Perform risk parity modelling and related risk diagnostics.
• Investment Integration:
  • Partner closely with portfolio managers, research teams, risk, and sustainable investing teams to incorporate security‑level insights into portfolio decisions.
  • Act as a key bridge between alpha generation and portfolio implementation.
  • Facilitate constructive challenge and robust debate to improve client investment outcomes.
• Risk Management & Oversight:
  • Work with the Investment Risk team to oversee portfolio risk exposures, ensuring alignment with risk budgets and client mandates.
  • Develop and monitor key risk metrics such as active risk, portfolio factor exposures, liquidity risk, and drawdown scenarios.
  • Collaborate with Risk and Analytics teams to enhance risk tools and reporting.
• Governance & Decision Frameworks:
  • Establish clear governance processes for portfolio construction decisions, including escalation protocols and documentation standards.
  • Participate in investment committees, providing leadership on portfolio structure, capital allocation, and risk positioning.
  • Ensure transparency, consistency, and accountability in all decision‑making.
• Client Alignment & Stakeholder Engagement:
  • Ensure portfolio construction reflects return requirements, liquidity needs, and long‑term objectives of AIMCo’s clients.
  • Communicate portfolio strategy, positioning, and performance attribution to internal stakeholders and external clients.

• 15+ years of experience in institutional investing with significant exposure to public equities portfolio construction, asset allocation, or multi‑manager frameworks.
• Proven track record of leading high‑performing teams in a complex, collaborative environment.
• Deep expertise in portfolio construction techniques, including factor investing, optimization, and risk modeling.
• Strong understanding of global equity markets, investment styles, and macroeconomic drivers.
• Experience working within large asset owners such as pension funds, sovereign wealth, or insurance.
• Advanced degree in Finance, Economics, Mathematics, or related field; CFA or equivalent designation strongly preferred.