Senior Portfolio Analyst, Asset Allocation

What You’ll Do

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.

• 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

• 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 Fact Set, Barra, Bloomberg, Morningstar

• 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

$157,000 - $213,000 / year

The base salary range for this role is $157,000 - $213,000 as indicated above. Final compensation will be determined based on skills, experience, and alignment with the role’s responsibilities. In addition to base pay, this role participates in an annual profit share bonus plan
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Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short‑term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.

No

We’re open to considering remote and hybrid talent. Locations for hybrid talent include New York City, Raleigh, Des Moines or Seattle.

At this time, we’re not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but is not limited to: F1‑OPT, F1‑CPT, H‑1B, TN, L‑1, J‑1, etc.

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

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.