Head of Strategic Portfolio Construction - Investment Solutions Group, MD - State Street Investment Management

The Head of Strategic Portfolio Construction position is a new key role within State Street Investment Managements’ Investment Solutions Group (ISG). You will report to Head of Research for ISG and Fixed Income and work alongside the global research, portfolio management, and strategy teams.

ISG is a $500+ Billion AUM multi-asset team that engages in a wide variety of multi asset activities across our global client base. This role will be responsible for leading research for strategic asset allocation (SAA) activities globally and across multiple channels, including model portfolios for wealth, target date funds, defined benefit plans, endowments & foundations, OCIO, sovereign wealth funds, etc. Your main objective is to establish and facilitate global consistency of architecture and analytical principles behind ISG SAA, while identifying and integrating appropriate discretionary elements that allow practical, channel- and region-specific implementation.

You will work with ISG Head of Research and subject matter experts on the portfolio management and strategy sides to achieve your objective. You will also oversee and manage a small team of research analysts.

You will own and oversee further development of ISG’s proprietary SAA tools. You will also collaborate with ISG colleagues to vet and rationalize vended tools and analytics that are utilized in SAA processes across the organization to ensure fit and coherence with ISG SAA architecture, as designed.

You will also take ownership of SSIM’s capital market assumptions process. CMA development is collaborative with the portfolio management and strategy teams, but CMA production will be happening within your team.

The role will be based in Boston or Bangalore.

As the Head of Strategic Portfolio Construction, you will drive the following activities:

Research Agenda

• Articulate our broad strategic portfolio construction philosophy and analytical principles.
• Define SAA methodology and process, by channel, taking care to explicitly separate systematic and discretionary elements and incorporate appropriate guardrails on both.
• Define and include robust portfolio optimization elements into SAA analytics and process (robust covariance estimates, factor structure, uncertainty sets, worst-case thinking, etc.).
• Glidepath fundamentals and customization methodologies (for both DB and DC).
• Enable efficient alternative investment integration into SAA.

Model Ownership

• SSIM’s proprietary strategic portfolio construction tools.
• Capital Market Assumptions.

Thought Leadership and Client Interaction

• Meet with clients and consultants as required
• Create thought leadership content, as needed

Education & Preferred Qualifications:

• 10+ years of financial services experience including multi-asset or alternative investments portfolio construction.
• Practical experience in portfolio optimization and multi-asset modeling.
• Master’s or PhD degree in a STEM discipline is strongly preferred.

Skills that will help you succeed in this role:

• Ability to create change and innovate, with a strategic mindset
• Deep understanding of multi-asset and/or alternative investments space
• Excellent quantitative research and modeling skills, from mathematical foundations to practical implementation
• Being an effective communicator in written and verbal formats
• Ability to collaborate and drive execution
• Familiarity with key elements of modern application development (object-oriented architecture, R/Python, SQL, GitHub, AI-augmented programming, user support, etc.)
• Practical experience is AI-augmented or AI Agentic workflow transformation
• Proven management and talent development abilities

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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