Portfolio Construction Analyst (Fixed Income & Portfolio Risk Analysis) - EG
Franklin Templeton
Get a reply from this employer
Your resume and cover letter, tailored to exactly what they’re hiring for.
Benefits offered by this job
Job summary
Franklin Templeton is seeking a highly analytical Portfolio Construction Analyst to advance fixed income portfolio construction and research capabilities in a hybrid Philadelphia role. You will partner with portfolio management, implementation, performance/risk, and client service teams to elevate our framework and investment insights.
The ideal candidate combines strong quantitative skills with a deep interest in markets, portfolio construction, and risk management.
Qualifications
- 3–7 years of experience in fixed income, portfolio construction, risk management, quantitative research, multi-asset investing, and derivatives (options).
- Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or related quantitative field; advanced degree and/or CFA preferred.
- Strong understanding of portfolio theory, risk modeling, factor analysis, volatility, and optimization techniques.
- Experience with portfolio analytics, attribution, and risk systems.
- Familiarity with options markets and derivatives analytics preferred.
- Excellent communication skills for both investment and non-investment audiences.
Responsibilities
- Develop and enhance portfolio construction and risk management frameworks aligned with the team’s philosophy.
- Develop and maintain market and macroeconomic risk factor frameworks used to assess exposures.
- Analyze position risk in standalone and portfolio contexts.
- Conduct volatility forecasting research and build optimization tools.
- Identify market and risk regimes and evaluate performance across environments.
- Research downside risk management, including position sizing and loss mitigation.
Skills
Education
Tools
Job description
At Franklin Templeton, we believe success is built through powerful partnerships. As a forward thinking asset manager, we build dynamic relationships with clients, understand their goals, and navigate complex markets together. We leverage cutting edge strategies and deep insights to unlock opportunities for long term wealth creation. Our talented, global teams bring expertise that is both broad and unique. From our welcoming, inclusive, and supportive culture to our globally diverse business, we offer opportunities not only to help you reach your potential, but also to contribute to our clients’ success.
FTFI Brandywine Fixed Income is a Philadelphia-based fixed income investment team managing $42 billion in assets across US and global fixed income portfolios in both long only and long-short strategies.
We are seeking a highly analytical and intellectually curious Portfolio Construction Analyst to advance our fixed income portfolio construction and research capabilities. This role will partner closely with portfolio management, portfolio implementation, performance/risk, and client service teams to enhance the existing portfolio construction framework aligned with our investment philosophy and style.
The ideal candidate combines strong quantitative skills with a deep interest in markets, portfolio construction, and behavioral aspects of investing. This individual will play a key role in enhancing how we measure risk, optimize portfolios, evaluate market regimes, and communicate investment insights internally and externally.
- Develop and enhance portfolio construction and risk management frameworks consistent with the fixed income team’s investment philosophy.
- Develop and maintain market and macroeconomic risk factor frameworks used to assess portfolio exposures.
- Analyze position risk on both standalone and portfolio-context settings.
- Conduct ongoing research on volatility forecasting and correlation dynamics.
- Develop optimization tools to better express portfolio managers’ key market views.
- Identify and analyze market and risk regimes, including periods where strategies historically outperform or underperform.
- Evaluate how different risk measures behave across varying market environments.
- Research and improve downside risk management approaches, including position sizing and loss mitigation frameworks.
- Investigate key portfolio construction questions, including:
- Which risk measures matter most in different environments?
- When are tracking error metrics informative or unstable?
- How should historical versus forward-looking risk measures be balanced?
- What implicit assumptions in the investment process should be challenged?
- Develop research-driven insights that improve decision-making and portfolio resilience.
- Build scalable frameworks to implement flagship investment ideas within more constrained or customized client portfolios.
- Partner with client service and implementation teams to improve portfolio guidelines and support client-specific solutions through rigorous analysis.
- Analyze what options markets are implying across asset classes and macro environments.
- Identify derivative strategies to better express investment views and manage risk.
- Track and evaluate entry and exit points of key trades to assess performance and risk outcomes.
- Reconcile portfolio results with third-party performance attribution systems.
- Develop reporting and analytical materials for investment team and firm-wide presentations.
- Lead periodic portfolio and risk reviews for the investment team.
- Present risk research and market insights during investment meetings.
- Coordinate cross-functionally with portfolio implementation, performance, and client service teams.
- Contribute to investment reporting materials and strategic discussions.
- Evaluate and implement AI-driven tools and techniques to enhance the investment research and risk analysis framework.
- Identify opportunities to improve efficiency, scalability, and analytical depth through technology.
- Requires 3–7 years of experience in fixed income, portfolio construction, risk management, quantitative research, multi-asset investing, and derivatives (options).
- Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or related quantitative field; advanced degree and/or CFA preferred.
- Strong understanding of portfolio theory, risk modeling, factor analysis, volatility, and optimization techniques.
- Experience working with portfolio analytics, attribution, and risk systems.
- Familiarity with options markets and derivatives analytics preferred.
- Strong programming and data analysis skills (Python, R, MATLAB, SQL, or similar).
- Experience with AI or machine learning tools applied to investment research is a plus.
- Excellent communication skills with the ability to present complex ideas clearly to investment and non-investment audiences.
- Demonstrated intellectual curiosity, independent thinking, and a research-oriented mindset.
- Hybrid work schedule
- Work Location: Philadelphia, PA
Compensation Range: Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational well-being program. We expect the annual salary for this position to range between $120,000 to $160,000, plus an annual discretionary bonus, depending on location and level of relevant experience.
At Franklin Templeton, we believe your benefits should support your life, your goals, and your future. That’s why we offer a comprehensive Total Rewards package designed to help you thrive both personally and professionally.
- Paid Time Off: Three weeks of PTO in your first year
- Health Coverage: Competitive medical, dental, and vision insurance to support your well-being
- Retirement Savings: 401(k) plan with an 85% company match on pre-tax and/or Roth contributions, up to IRS limits
- Equity & Investing: Employee Stock Investment Plan (ESIP) with discounted share purchase opportunities
- Learning Education Assistance Program (LEAP): To support your ongoing growth and career advancement
- Employee Investment Benefits: Opportunity to purchase company funds with no sales charge
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
Artificial intelligence or automated tools may be used to assist in the screening, assessment, or selection of applicants for this position.
'/%3e%3cpath%20d='M101.744%2012.4726L102.894%2016.1947L99.0021%2013.2201L101.744%2012.4726ZM105.3%208.40937H100.488L99.0026%203.59473L97.5116%208.41047L92.7%208.40385L96.5965%2011.3834L95.1055%2016.1942L99.0021%2013.2196L101.408%2011.3834L105.3%208.40992V8.40937Z'%20fill='white'/%3e%3cdefs%3e%3clinearGradient%20id='paint0_linear_5593_1381'%20x1='90'%20y1='9.44471'%20x2='99'%20y2='9.44471'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%2300AD70'/%3e%3cstop%20offset='0.998594'%20stop-color='%2300B67A'/%3e%3cstop%20offset='1'%20stop-color='%23DCDCE6'/%3e%3c/linearGradient%3e%3c/defs%3e%3c/svg%3e){kind=small}
