Associate, Investment Risk & Analytics - Principal Asset Allocation

Principal International; Washington (IA); On-site; USD 127,000 - 171,000; Full time

Benefits offered by this job

Profit sharing

Time off program

Job summary

Principal Asset Management seeks an Associate in Investment Risk & Analytics to join the PAA team. You will help execute global, multi-asset risk management efforts, developing risk models and delivering insights for investment decisions.

The role involves building and maintaining risk data, performing attribution and scenario analyses, and supporting analytics infrastructure used across investment teams. A strong background in finance, risk modeling, and data systems is essential.

Qualifications

• Bachelor’s degree or eight years related work experience.
• Experience with the MSCI BarraOne risk model or similar factor-based risk model.
• 3+ years in investment management or investment risk management.
• Strong risk management judgment and a global multi-asset framework experience.

Responsibilities

• Support development and deployment of risk models and systems using quantitative research and risk-based analytics.
• Produce quantitative risk insights, risk assessments, and analytics to inform investment decisions.
• Develop and maintain proprietary risk data and analytics including portfolio risk, scenario and attribution analyses (BarraOne, FactSet).
• Contribute to analytics infrastructure, data processing, storage, and reporting supporting investment strategies.

Skills

MSCI BarraOne

Python/R

Investment risk management

Quantitative research

Education

Bachelor's degree

Eight years related experience

Tools

BarraOne

FactSet

Job description

What You'll Do

We’re looking for an Associate, Investment Risk & Analytics to join our Principal Asset Allocation (PAA) team. In this role, you’ll help execute the team’s effort to provide global, multi-asset investment risk management expertise!

• Support the development and deployment of risk models and systems, leveraging quantitative research, analysis, and risk-based analytics to inform investment decisions and enhance portfolio outcomes
• Produce quantitative risk insights, risk assessments, and analytical research to improve investment processes and support decision‑making across investment teams
• Develop and maintain proprietary risk data and analytics, including portfolio risk, scenario, and attribution analyses using systems such as MSCI BarraOne and FactSet
• Contribute to the production, maintenance, and enhancement of investment analytics infrastructure, including data processing, storage, and reporting supporting investment strategies

Collaborate with investment teams to ensure the use of high‑quality data and deliver insights on portfolio risk factors, performance attribution, and portfolio statistics.

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $740 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a "Best Places to Work in Money Management" for 14 consecutive years! Check us out at www.principalam.com!

Who You Are

• Bachelor’s degree or eight years related work experience
• Experience with the MSCI BarraOne risk model or similar factor‑based risk model
• 3+ years of professional experience within the investment management or investment risk management field
• Strong risk management judgment and experience developing or maintaining a robust, global, multi‑asset investment risk management framework
• In‑depth understanding of investment vehicles (i.e., stocks, bonds, alternatives, mutual funds, UCITs, ETFs) and investment strategies
• Knowledge of finance (particularly risk management, volatility modeling, fundamental analysis, quantitative investment research, asset allocation, portfolio construction, as well as risk and attribution systems) complemented with superior database management experience
• Development expertise and systems management [Python, R, or other relevant languages/DB expertise/etc]

Skills That Will Help You Stand Out

• CFA, FRM, and/or CAIA designation or progress toward
• Bloomberg, FactSet, Morningstar experience
• Business acumen, superior judgment, and outstanding analytical capabilities with a vision to drive strong investment results through superior risk and engineering support
• Self‑starter and demonstrate the capacity to grow into additional investment management responsibilities
• Advanced skills in development and database administration
• Strong written and verbal communications

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)

$127000 - $171000 / year

Salary Details

The base salary range for this role is $127,000 - $171,000 as indicated above. Final compensation will be determined based on skills, experience, and alignment with the role’s responsibilities.

In addition to base pay, this role participates in an annual profit share bonus plan.

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

Location(s)

We’re open to office locations of Des Moines, Seattle, New York, or Raleigh. You can check out what our Global Headquarters in Des Moines looks like here:

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.

Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice for more details on our practices and your data privacy rights.