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Des Moines

    Associate, Quantitative Research - Des Moines, United States - Principal Financial Group

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    Description

    What You'll Do
    We're looking for a Quantitative Research Associate to join our Asset Allocation team. In this role, you'll develop quantitative investment models that will be used to run systematic global macro portfolios. The Associate's primary responsibility will be conducting research in derivatives-based long/short global macro trading strategies.


    • Alpha research:
    Build long/short trading strategies across commodity futures, bond futures, equity index futures, and currency forwards/futures. Experience in relative value, directional and opportunistic macro strategies in near-systematic or fully systematic strategies


    • Sourcing of new data:
    Perform new data source research, data acquisition and onboarding from external vendors


    • Data management:
    proper implementation of data models, pipelines, database designs, and ETL principles in partnership with Technology team


    • Data quality assurance and production model experience: ensuring information received and delivered is accurate and timely. Partner with Technology team to ensure production code is written efficiently and is run with proper oversight.
    • Portfolio management:
    Participate in the portfolio management and work with senior PM and the trade desk to ensure efficient implementation and deliver live attractive performance track record


    Principal Asset Allocation manages multi-asset, multi-manager portfolios as well as quantitative and indexed portfolios that aim to deliver risk-adjusted investment performance that meet our clients' needs.

    Our clients are institutional and individual investors through our relationships with investment consultants, wealth management platforms, and financial advisors across the globe.

    Principal Asset Allocation team has $239 billion in assets under management (as of March 2024).

    Principal Asset Management, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at


    Who You Are

    • Master's degree or PhD in Statistics, Data Science, Finance, Financial Engineering, Engineering, Computer Science with 3 years of related experience
    • Experience in building Commodity and/or Currency Long/Short strategies in a global macro portfolio setting
    • Solid programming skills in Python and SQL

    Skills That Will Help You Stand Out

    • Global macro portfolio management experience is strongly preferred
    • Experience with machine learning algorithms and statistical techniques
    • Strong organizational, interpersonal, and proven problem-solving abilities
    • Success in this position requires the ability to make effective, well-informed decisions and recommendations in a highly time-sensitive environment
    • Must have a very high level of self-initiative, be able to work independently within a collegial structure, and be comfortable taking risks
    • You enjoy asking research questions, expressing opinions, and actively engaging in internal discussions regarding investment strategy design and implementation

    Salary Range Information
    Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program.

    Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance.

    Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.


    Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)
    $ $182400 / year


    Time Off Program


    Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness.

    Employees don't accrue a bank of time off under FTO and there is no set number of days provided.


    Pension Eligible
    No


    Additional Information

    Location(s)
    We're open to considering in-office or hybrid talent. Locations for hybrid talent are New York City, Des Moines, or Seattle.


    Work Environments


    This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek) work arrangements.

    You'll work with your leader to figure out which option may align best based on several factors


    Work Authorization/Sponsorship


    At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States.


    This includes, but IS NOT LIMITED TO:
    F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

    Nonimmigrant Workers ) and Green Card for Employment-Based Immigrants )


    Investment Code of Ethics


    For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household.

    These same requirements may also apply to other positions across the organization.


    Experience Principal
    At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees.

    And we support our employees the same way we support our customers:
    with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site ) to learn more about our purpose, values and benefits.


    Principal is an Equal Opportunity Employer


    All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.


    Posting Window


    We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received.

    If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date.

    Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.


    Original Posting Date
    5/3/2024


    Most Recently Posted Date
    5/3/2024

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