Senior Portfolio Analyst, Asset Allocation

What You'll Do

The Senior Portfolio Analyst in Principal Asset Allocation’s Portfolio Management team, responsible for research and implementation of open‑architecture, multi‑manager equity strategies across six active equity strategies. The role supports core‑satellite strategies in portfolio construction and management decisions for approximately $20 billion in AUM.

• Lead research efforts to develop, enhance, and maintain systematic indicators for portfolio management decisions, including active‑passive allocations, manager allocations, and core‑satellite portfolio construction.
• Enhance active‑passive implementation frameworks to determine 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 (mean reversion, 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—sector, regional, factor, style, macroeconomic—to ensure 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.

• Bachelor's degree in finance, economics, accounting, or another technical field.
• 8+ years of related experience, including quantitative research, risk management, and risk analysis.
• Experience working with equities or equity portfolios, including 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 Fact Set, Barra, Bloomberg, Morningstar.

• Advanced training in mathematics, statistics, computer science, or another highly quantitative field.
• 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 concisely and logically.
• Strong attention to detail, organizational skills, and the ability to manage multiple tasks and stakeholders efficiently.

Base salary range: $157,000 - $213,000 per year. The role also participates in an annual profit‑share bonus plan.

Flexible Time Off (FTO) is provided to salaried (exempt) employees, allowing paid time away for vacation, personal or short‑term illness. No accrual bank is used and no set number of days is provided.

Open to remote and hybrid talent. Hybrid locations include New York City, Raleigh, Des Moines, and Seattle.

At this time, we are not considering applicants who require immigration sponsorship (e.g., F‑1, H‑1B, TN, L‑1). Applicants must possess lawful employment rights in the United States.

All Principal Asset Management positions must follow the Investment Code of Ethics governing personal and business conduct, as well as personal trading activities for employees and household members.

Principal is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.