This role involves leading quantitative research and asset allocation analysis for State Farm's Advisory model portfolios within the State Farm Investment Management (SFIM) unit. It suits a proactive, data-focused investment professional who will help formulate investment themes and asset allocation positioning throughout the model portfolio management lifecycle, while also leading the formation of investment outlook, content, and advisor/agent education.
Responsibilities
Lead the work of modeling and forecasting Capital Market Assumptions (CMAs), including literature review of current academic and practitioner whitepapers
Lead the development and maintenance of the Strategic Asset Allocation (SAA) for State Farm Advisory Model Portfolios, including research on portfolio optimization, Monte Carlo simulation, factor modeling, return/risk attribution, and current market conditions
Lead the team’s proprietary Manager Research and Selection (MR&S) process for Exchange-Traded Funds and Mutual Fund Investment strategies
Manage fund external relationships, attend and summarize quarterly manager calls
Direct the ongoing Portfolio Management by using State Farm's investment models, systems, and software (proprietary and third-party)
Participate in the management of State Farm Model Portfolios
Lead in the generation and maintenance of SFIM investment reports, data sets, performance reporting (SF models), and broader analytical infrastructure
Develop and execute model portfolio trading and rebalancing rules across State Farm’s suite of Advisory model portfolios and provide ongoing oversight of the process/execution
Formulate investment outlook, content, and advisor/agent education
Create and establish State Farm's footprint and point-of-view on investing for SF agents and retail customers
Collaborate with team members and internal IPS departments to execute SFIM & IPS publications and collaterals periodically (weekly, monthly, quarterly)
Serve as the team's subject matter resource on investment models, systems, and software (proprietary and third-party)
Manage a team of investment professionals (if assigned), providing general guidance to junior team members on various projects
Requirements
Bachelor's degree or higher, with a completed Bachelor's degree preferred
8+ years of experience in asset management and/or wealth management, focusing on asset allocation, portfolio management, or research
6+ years of direct experience in multi-asset portfolio management, asset allocation, and/or quantitative investment research
6+ years of experience in investment strategy/manager due diligence, open architecture, and oversight of traditional and alternative investment strategies
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Proficient knowledge and direct experience in at least three of the following areas: strategic/tactical asset allocation formation, capital market assumption development, portfolio optimization methods, factor risk/return modeling, and Monte Carlo simulation
Knowledge of insurance products/industry is a plus
Strong understanding of multi-asset class investing, with hands-on experience and expertise in both top-down and bottom-up investment analysis, including primary research and assessment of third-party analysis
Detailed knowledge of securities, such as stocks, bonds, mutual funds, ETFs, SMAs, alternative investments, and options strategies
Solid understanding of the investment advisory business, including different advisory program types
Previous experience working directly with clients, with strong presentation and writing skills
Self-motivated individual who takes ownership of initiatives and thrives in a dynamic team environment
Progress towards or completion of the CFA charter or a comparable designation
May need to obtain FINRA Series 7 and Series 66, post-hire or in the future
Nice to have:
Master’s degree in finance, economics, mathematics, financial engineering or a related quantitative field
5+ years of direct experience with third-party investment and risk management systems/tools (e.g., MSCI Barra, Bloomberg, Morningstar Direct)
Programming skills desirable: C++, Python, Matlab
Proven ability to develop complex data models in Excel
Benefits
Potential yearly incentive pay up to 30% or 40% of base salary
401k Plan with company contributions of up to 7% of your salary
Health Insurance (State Farm pays most of your healthcare premium, multiple healthcare plan options, high deductible plan available)
All medical plans provide 100% coverage for in-network preventative care
Dental/Vision plans
Telemedicine, 24/7 mental health professionals, and much more
Life Insurance
Paid Time Off (opportunity to initially earn up to 20 days annually, parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days)
Annual Merit Increases
Tuition Reimbursement
Health Initiatives
Industry leading training programs
Top-notch tuition assistance programs
Employee resource groups and mentoring
Fertility/IVF/adoption assistance
College coaching
National discount programs
Interactive monthly financial workshops
Free financial coaching
Savings account or financing through State Farm Federal Credit Union
Matching Gift Program
Good Neighbor Grant Program
Employee Assistance Fund
Important Details
Work format: hybrid (spend time working from home and some time working in the office on Tuesday, Wednesday, Thursday)
Travel: Some travel to SF Agent offices/customer mandates and conferences nationwide may be required
About the Company
State Farm is known for being good neighbors, helping people, investing in communities, and making the world a better place. They are a #1 team.
At State Farm, our mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.
