Director - Asset Allocation, Portfolio Construction

Schedule and Location

• This is a full-time office-based position in Boston MA - Financial District.

Responsibilities

• Monitor markets, conduct research to help generate views on positioning, active risks and relative value across major asset classes and sub-asset classes.
• Analyze portfolio structure, including exposures, risk allocation, diversification, liquidity, performance drivers, and evaluate the impact of potential allocation changes and portfolio tilts on overall portfolio outcomes.
• Build and maintain cross-asset and relative value models to inform near-term portfolio positioning.
• Develop and maintain capital market assumptions and assist with quantitative portfolio construction, optimization and scenario analysis.
• Help evaluate new asset classes, investment strategies, implementation vehicles, and research topics that support asset allocation objectives.
• Monitor active risk and asset allocation exposure across entities; identity deviations and recommend adjustments where appropriate.
• Support risk management and reporting requirements related to regulatory and rating agency frameworks and contribute to stress testing, scenario analysis and downside risk assessment.
• Partner with investment, operations, and accounting teams on cash/liquidity management, portfolio implementation, and trade support across entities.
• Prepare portfolio reviews, market updates, investment reports, and ad-hoc analyses for the investment team and senior stakeholders.

Required Work Experience

Highly Preferred Work Experience

Required Skills

• Solid analytical and quantitative skills.
• Experience with Bloomberg and/or FactSet.
• Ability to communicate complex analysis clearly and concisely to investment colleagues and senior stakeholders.
• High attention to detail, strong work ethic, and intellectual curiosity.
• Collaborative mindset with the ability to work effectively across teams and functions.

Highly Preferred Skills

• Programming experience preferred, particularly in Python.
• The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more. FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.