Portfolio Construction Analyst (SR AS)

Position Summary

The Portfolio Construction Group (PCG) performs a central role in GPIM’s investment process. In collaboration with other groups at the firm, PCG creates tailored investment strategies that offer solutions to complex challenges faced by sophisticated clients in both the institutional (insurance, pension, endowment) and retail (mutual fund, SMA) channels. In addition to investment strategy, PCG has further responsibilities spanning across product development, business development, and client service.

PCG’s work is multi-dimensional, incorporating investment research across asset classes (with a primary focus on fixed income), bespoke strategic model portfolio design, asset/liability modeling, risk management, and performance attribution.

On an ongoing basis, PCG partners closely with the Portfolio Management, Sector Management/Trading, Marketing, Risk Management and Operations functions of GPIM.

Success in PCG requires a wide array of talents: industry knowledge, technical skills, intellectual curiosity, and effective communication. Our ideal hire is equally comfortable debugging code and pitching strategic recommendations to senior executives.

Responsibilities

Key Responsibilities

• Generates weekly and monthly internal reports for the PCG and internal clients, for example:
• Surveys sector desks for indicative yield levels
• Prepares regular and ad hoc evaluation of fixed-income portfolio analytics and “new money portfolios” to support Portfolio Management and Client Service
• Interfaces with Sector Desks, Operations and external vendor (BlackRock Solutions) regarding positions and portfolio data, quantitative and analytical issues
• Assists in developing model portfolios for new and existing clients, “deep-dive” portfolio restructuring analysis and stochastic simulation of portfolio performance
• Assists in creating, maintaining and documenting complex, quantitative analytical models needed for the range of PCG projects work
• Supports client service, marketing and business development efforts as needed, such as contributing to marketing or finals presentations.
• Develops knowledge of financial markets
  
  

Qualifications

Preferred Qualifications

• MBA and/or CFA
• Prior experience with insurance asset management
• Familiarity with regulatory and legal frameworks (e.g. insurance capital frameworks, Solvency II, 40 Act)
• Experience using Blackrock Aladdin suite
• Proficiency with Python and/or SQL
• Experience developing and using stochastic forecast models
• Experience performing and interpreting fixed income performance attribution
• Experience supervising and mentoring junior team members
• Self-motivated, strong work ethic
• Team-oriented, enjoys working collaboratively
• Intellectually curious, continually learning, highly adaptable
• Comfortable with complexity, enjoys problem-solving, solutions-oriented
• Strong interest in fixed income markets
• Keen attention to detail
  
  

Basic Qualifications

• BA/BS in a quantitative discipline
• Minimum 4-6 years of fixed income investment management experience
• Strong quantitative, analytical, and financial modeling ability
• Highly proficient with Excel (including VBA) and Bloomberg
• Fluency with characteristics of assets across the fixed income universe, from Treasuries to OTC derivatives
• Strong communication skills (written and verbal)
  
  

Salary Range

Annual base salary between

$110,000.00-$125,000.00

The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.