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.
Essential Job Functions
- Collaborate with colleagues in teams including Macroeconomic Research, Sector Research, and Portfolio Management to develop strategic target portfolio asset allocations.
- Assist insurance clients with due diligence work related to acquisitions, including strategic reviews and portfolio restructuring analyses.
- Create, develop, and maintain complex financial models and analytical frameworks that inform investment strategy and portfolio positioning across GPIM’s product suite.
- Research new products and strategies that may be suitable for GPIM’s clients.
- Develop technical expertise to represent PCG, and the front office more broadly, internally on cross-functional topics spanning Risk, Operations, Marketing, Legal, and Compliance.
- Evaluate portfolio performance and interpret portfolio attribution results.
- Produce custom presentations for clients demonstrating PCG’s research.
- Maintain working knowledge of legal and regulatory frameworks impacting GPIM’s clients.
- Peer reviewer of other junior-level staff.
- Reports to the MD of the Portfolio Construction Group.
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 Details
Annual base salary between $110,000 to $125,000.
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.
About Us
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with expertise in fixed income, equity, and alternative strategies. We focus on the return and risk needs of our diverse client base that includes insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, wealth managers, and high net worth investors.
#Guggenheim Investments is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimInvestments.com and follow us on LinkedIn.
