Within Principal Asset Allocation team, Strategists are responsible for formulating and disseminating the firms' asset allocation views on markets, economies, and investing to financial advisors, institutional investors, and internal stakeholders (i.e. investment specialists, institutional and wealth distribution teams, economic and investment committees, etc.). As a Senior Associate – Macro Strategist, you will promote and expand Principal Asset Management’s brand presence in the marketplace through creation of economic, macro, secular event research and investment strategy content for distribution to clients via the Global Insights program. Your macro strategy content will also support our Global Strategists for client engagements, conferences, and webcasts, etc.         

   

You will have an opportunity to:

• Provide timely, responsive, in-depth macro strategy research, forecasts, analysis, and commentary with a global perspective to support Principal Asset Management's Asset Allocation investment team and Principal Asset Management's Global Insights program.
• Analyze economic and financial market data to develop economic models through quantitative and qualitative analysis. This includes reviewing and improving the existing model inventory.
• Develop, evaluate, and communicate global economic insights and forecasts to Principal Asset Management's Asset Allocation investment team through written research notes and presentations at weekly research meetings.
• For Principal Asset Management's Global Insights program, write creative and engaging weekly, quarterly, and ad hoc thought capital in response to important economic and market events. as well as longer-term research insights.
• Participate in the creation of data analysis, insights, and presentations.
• Support the Asset Allocation Insights team in the execution of day-to-day activities including developing research ideas and research product generation.

We’re looking for someone with:

• Master’s degree in Economics with at least 5 years of relevant experience (ie: an economist in the investment industry)
• While the primary role would be to cover the US economy, a strong understanding and knowledge of global economies is necessary
• Proficiency with Bloomberg and any additional statistical programs or other commonly used data sources
• Outstanding written and verbal skills. An ability to articulate complex economic and market content with clarity. One of the core functions is the generation of written research, so the ability to write clear, concise, interesting and digestible thought capital pieces is critical
• Excellent analytical, communication, and presentation abilities
• Creative writing skills and non-consensus thinking skills

Additional preferred skills and experience:

• Self-driven, energetic, and creative thinker with a strong curiosity about economics and financial markets
• Good at working in team environments
• Strong interpersonal skills and team orientation; ability to work under minimal supervision in a demanding environment
• Factset

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.

$123000 - $167000 / year

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 determine which option may align best based on several factors.

 

Locations:

We’re open to considering remote and hybrid talent. Locations for hybrid talent include Des Moines, Seattle, or New York City.

Work Authorization/Sponsorship

At this time, we're not considering candidates 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 Global Investors 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

While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values, benefits and why we’re an exceptional place to grow your career.

 

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.

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