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Portfolio Construction Analyst Jobs (NOW HIRING)

FM

Director - Asset Allocation, Portfolio Construction

Boston, MA · On-site

$16.25 - $18/hr

  • Medical

  • Retirement

Summary The Director - Asset Allocation, Portfolio Construction will support the asset allocation team's investment research, portfolio analysis, and decision-making process across a globally ...

Aksia

Portfolio Analyst, Private Credit

New York, NY · On-site

$80K - $120K/yr

The successful candidate will support portfolio construction, implementation, monitoring, and ... Analyze portfolio exposures across strategies, sectors, geographies, borrowers, sponsors, and risk ...

Aksia

Portfolio Analyst, Private Credit

New York, NY · On-site

$80K - $120K/yr

The successful candidate will support portfolio construction, implementation, monitoring, and ... Analyze portfolio exposures across strategies, sectors, geographies, borrowers, sponsors, and risk ...

Fidelity Investments

Quantitative Analyst

Boston, MA · On-site

$100K - $200K/yr

  • Medical

  • Retirement

  • PTO

The team's work includes risk modeling, portfolio construction analysis, the creation of smart beta libraries/alpha models, investment strategy methodology development, and implementation support.

Fidelity Investments

Quantitative Analyst

Boston, MA · On-site

$100K - $200K/yr

  • Medical

  • Retirement

  • PTO

The team's work includes risk modeling, portfolio construction analysis, the creation of smart beta libraries/alpha models, investment strategy methodology development, and implementation support.

Man Group plc

Portfolio Analyst

Boston, MA · On-site

$95K - $125K/yr

  • Medical

  • Life

  • Retirement

  • PTO

Analyze the output of our portfolio construction process to ensure the integrity of our investment philosophy and improve the outcomes * Work with team in identifying and championing new alpha and ...

T Rowe Price

Portfolio Analyst - Equity

Baltimore, MD · Hybrid

Conduct portfolio analysis incorporating market conditions, competitor analysis, asset class characteristics, portfolio construction, and positioning. * Execute responsibilities using AI-enabled ...

Voya Financial, Inc.

AVP, Insurance Portfolio Manager

Atlanta, GA · On-site

$160 - $200/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Identify opportunities to improve portfolio construction workflows, analytics, and automation as experience and responsibility grow. Minimum Knowledge & Experience: * Bachelor's degree in Finance ...

FAVARH

AVP, Insurance Portfolio Manager

Atlanta, GA · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Identify opportunities to improve portfolio construction workflows, analytics, and automation as experience and responsibility grow. Minimum Knowledge & Experience: * Bachelor's degree in Finance ...

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All JobsPortfolio Construction Analyst Jobs

Portfolio Construction Analyst information

See salary details

$33K

$78.2K

$110.5K

How much do portfolio construction analyst jobs pay per year?

As of Aug 16, 2026, the average yearly pay for portfolio construction analyst in the United States is $78,208.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,000.00 and $96,000.00 per year, depending on experience, location, and employer.

What is the difference between Portfolio Construction Analyst vs Investment Analyst?

AspectPortfolio Construction AnalystInvestment Analyst
Primary FocusDesigning and optimizing investment portfolios based on client goals and risk toleranceResearching and analyzing securities to recommend investment opportunities
Required CredentialsTypically CFA, CFP, or related certifications; strong quantitative skillsOften CFA or similar; strong analytical and research skills
Work EnvironmentFinancial firms, asset managers, wealth managementInvestment banks, asset management firms, research institutions

The main difference is that a Portfolio Construction Analyst focuses on building and managing investment portfolios tailored to client needs, while an Investment Analyst concentrates on analyzing securities to inform investment decisions. Both roles require similar credentials and often work within the same industry settings, but their core responsibilities differ in scope and focus.

What are the key skills and qualifications needed to thrive as a portfolio construction analyst, and why are they important?

To thrive as a Portfolio Construction Analyst, you need strong quantitative analysis skills, knowledge of financial markets, and typically a degree in finance, economics, or a related field. Familiarity with portfolio management software, Bloomberg, risk modeling tools, and certifications like CFA are commonly expected. Attention to detail, problem-solving abilities, and clear communication help you interpret data and present actionable insights. These skills ensure portfolios are constructed to balance risk and return effectively, supporting investment objectives and regulatory requirements.

What are the main challenges portfolio construction analysts face when balancing risk and return in client portfolios?

Portfolio Construction Analysts often encounter the challenge of aligning client objectives with market realities, particularly when balancing risk and return. They must thoroughly assess each client's risk tolerance and investment horizon while staying responsive to changing market conditions. This requires ongoing analysis, frequent portfolio rebalancing, and close collaboration with portfolio managers and research teams to ensure recommendations remain suitable. Navigating regulatory requirements and managing data from multiple sources are also common hurdles in this role.

What does a portfolio construction analyst do?

A Portfolio Construction Analyst is responsible for designing and managing investment portfolios to meet specific financial objectives and risk profiles. They analyze market trends, evaluate asset allocation strategies, and use quantitative models to optimize portfolio performance. Their work involves collaborating with portfolio managers, conducting risk assessments, and ensuring that portfolios remain aligned with clients’ goals and regulatory requirements. This role requires strong analytical skills and a deep understanding of financial markets, investment products, and portfolio theory.
More about Portfolio Construction Analyst jobs

What job categories do people searching Portfolio Construction Analyst jobs look for?

The top searched job categories for Portfolio Construction Analyst jobs are:

Portfolio Construction Analyst jobs near you
Infographic showing various Portfolio Construction Analyst job openings in the United States as of August 2026, with employment types broken down into 92% Full Time, 6% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $78,208 per year, or $37.6 per hour.

Director - Asset Allocation, Portfolio Construction

FM

Boston, MA • On-site

$138K/yr

Full-time

Medical, Retirement

Re-posted 27 days ago

Job description

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world's largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.
Summary
The Director - Asset Allocation, Portfolio Construction will support the asset allocation team's investment research, portfolio analysis, and decision-making process across a globally diversified multi-asset portfolio. These asset classes include global public equities, global fixed income, multi-assets, private and liquid alternatives. The role will help in generating insights that inform asset allocation, portfolio construction, market positioning, risk management, and performance evaluation.
Working closely with mid-level and senior investment leaders and members of the asset allocation team, this individual will contribute to both tactical asset allocation and also strategic asset allocation efforts. On the tactical side, the role will contribute to market research and tactical positioning, including the development of models and frameworks to assess the near-term attractiveness of major asset classes and conducting cross-asset and relative value analysis to inform internal investment views.
In parallel, the role will also support strategic asset allocation studies, including the development and maintenance of models used to generate capital market assumptions, as well as the application of quantitative frameworks to portfolio construction and design.
The role also contributes to ongoing portfolio oversight, including monitoring and interpreting portfolio-level and asset-class exposures and risks across key entities. Responsibilities extend to supporting investment policy development and governance, as well as enhancing the team's analytics infrastructure and tools. This is a very exciting and intellectually challenging role operating at intersection of quantitative finance, asset allocation, capital markets and macroeconomics.
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.

Qualifications
Required Work Experience
  • 7 to 10 years of dynamic financial markets experience in a trading, portfolio management, markets research, or risk management role.
  • Experience investing across asset classes, with evaluating investments and market opportunities, portfolio-level implications, and strategic or tactical allocation frameworks in a multi-asset portfolio.

Highly Preferred Work Experience
  • Experience with derivatives.

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.
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About FM

Sourced by ZipRecruiter

Industry

Plastics product manufacturing

Company size

51 - 200 Employees

Headquarters location

Rogers, AR, US

Year founded

1980

Social media

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