Director of Portfolio Construction and Risk Management

Role Overview

• Enhance and formalize portfolio construction frameworks across model portfolios
• Develop and maintain optimization methodologies that incorporate risk, return, liquidity, and tax considerations
• Implement systematic risk budgeting and volatility management processes
• Design and maintain stress testing and scenario analysis frameworks across asset classes
• Support macro-informed positioning analysis in partnership with Portfolio Management
• Monitor portfolio exposures including factor risk, duration, credit, and correlation structure
• Oversee development of standardized risk dashboards for internal stakeholders
• Develop reporting frameworks for drawdown analysis, scenario testing, and attribution
• Ensure portfolio risks remain aligned with stated objectives and investment policy guidelines
• Provide actionable risk insights to senior leadership and the Investment Committee
• Maintain and refresh capital market assumptions used in strategic allocation decisions
• Support strategic and tactical asset allocation modeling
• Assist in evaluating new asset classes and alternative investment structures from a portfolio construction perspective
• Partner with Equity, Fixed Income, and Manager Research teams to ensure cohesive model sleeve integration
• Evaluate and enhance portfolio analytics systems (FactSet, Bloomberg, optimization tools, etc.)
• Improve data governance and automation related to portfolio analysis and reporting
• Support advisor-facing portfolio analytics and diagnostic tools
• Identify process efficiencies to reduce manual portfolio oversight workflows
• Lead portfolio-related special initiatives driven by market developments, platform growth, or strategic expansion
• Support model evolution and new solution development initiatives
• Contribute to white papers, investment commentary, and advisor education materials as needed
• Collaborate closely with the Head of Portfolio Management to support implementation excellence
• Partner with Director of Investment Manager Research, Director of Fixed Income, and Director of Equities to ensure cross-asset consistency
• Develop and mentor junior team members within portfolio analytics and risk functions
• Establish documentation standards and quality control processes

Requirements

• PhD preferred, Masters Degree in Quantitative Finance, Mathematics, Statistics, or related field required
• 10+ years of experience (5+ with PhD) in multi-asset portfolio construction, asset allocation, or risk management
• Strong quantitative and analytical skill set
• Experience with portfolio optimization, risk systems, and multi-asset modeling
• Proficiency in Excel; familiarity with FactSet, Bloomberg, and portfolio analytics tools required
• Programming experience (Python, R, MATLAB, SQL) preferred
• Strong understanding of traditional and alternative asset classes
• Excellent written and verbal communication skills
• High ethical standards and professional integrity
• Ability to work collaboratively across investment teams.

Tech Stack

• Python
• SQL

Benefits

• Medical, dental and vision coverage (Available to full-time employees and their families)
• Health Savings Account (HSA) with employer contribution and Flexible Spending Accounts (FSA) for medical, dependent, and transit expenses
• Life and AD&D insurance – employer paid and voluntary options
• Short-term and long-term disability, workers compensation – employer paid
• 401k with match and profit sharing
• Wellness programs and resources
• Voluntary benefits, including pet insurance
• 18 days of paid time off (PTO), accrued annually (25 PTO days after 4 years of service)
• 12 paid holidays each year (10 pre-determined and 2 floating days)
• Paid parental leave and paid caregiver leave (Caregiver leave available after 6 months of tenure)
• Reimbursement for tuition, licensing, and other credentials (Available after meeting service requirements)