Director of Portfolio Construction and Risk Management

About Wealth Enhancement Wealth Enhancement is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 80,000 households from our over 140 offices - and growing - nationwide. Since 1997, Wealth Enhancement has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit www.wealthenhancement.com. We're seeking a highly experienced and strategic investment professional to join our team as the Director of Portfolio Construction & Risk Management. In this role, you will be responsible for enhancing and institutionalizing the firm’s portfolio construction framework, risk management architecture, and investment analytics capabilities across Wealth Enhancement Advisory Services (WEAS). This leadership role partners closely with the Office of the CIO to drive asset allocation implementation, model portfolio oversight, and macro-informed positioning. The Director will focus on strengthening systematic portfolio construction processes, risk budgeting methodologies, tactical allocations, scenario analysis, and performance attribution frameworks to ensure scalable, disciplined investment outcomes across the platform. This position requires strong multi-asset investment acumen, quantitative proficiency, and the ability to translate complex analytics into practical tools that support advisors, portfolio managers, and senior leadership. Goals & Objectives The Director of Portfolio Construction & Risk Management will serve as the lead architect of portfolio analytics and risk infrastructure supporting the firm’s model portfolios and discretionary strategies. This includes: Enhancing portfolio construction methodology and optimization frameworks Formalizing risk budgeting and scenario analysis processes Developing and maintaining capital market assumptions Supporting macro-informed asset allocation analysis Strengthening performance attribution and risk decomposition reporting Improve framework for tactical asset allocation strategies The Director will work closely with Portfolio Management, Investment Manager Research, Equity and Fixed Income leadership to ensure alignment across sleeves and asset classes within the WEAS model framework. The Director will be an integral member of the Asset Allocation Committee, Investment Committee, and relevant sub-committees (Equity, Fixed Income, Macro). This is a fully remote position. In the spirit of pay transparency, we are excited to share the pay range for this position is $225,000.00 to $235,000.00, exclusive of bonuses and benefits. This role is also eligible for an annual corporate bonus and participation in the company equity program. We encourage you to apply and provide us with your compensation expectations when you do. We’re big on open conversations, so, let’s have one. Primary Job Functions Portfolio Construction & Risk Architecture Enhance and formalize portfolio construction frameworks across model portfolios Develop and maintain optimization methodologies that incorporate risk, return, liquidity, and tax considerations Implement systematic risk budgeting and volatility management processes Design and maintain stress testing and scenario analysis frameworks across asset classes Support macro-informed positioning analysis in partnership with Portfolio Management Monitor portfolio exposures including factor risk, duration, credit, and correlation structure Risk Monitoring & Reporting Oversee development of standardized risk dashboards for internal stakeholders Develop reporting frameworks for drawdown analysis, scenario testing, and attribution Ensure portfolio risks remain aligned with stated objectives and investment policy guidelines Provide actionable risk insights to senior leadership and the Investment Committee Capital Markets & Asset Allocation Support Maintain and refresh capital market assumptions used in strategic allocation decisions Support strategic and tactical asset allocation modeling Assist in evaluating new asset classes and alternative investment structures from a portfolio construction perspective Partner with Equity, Fixed Income, and Manager Research teams to ensure cohesive model sleeve integration Investment Analytics & Infrastructure Evaluate and enhance portfolio analytics systems (FactSet, Bloomberg, optimization tools, etc.) Improve data governance and automation related to portfolio analysis and reporting Support advisor-facing portfolio analytics and diagnostic tools Identify process efficiencies to reduce manual portfolio oversight workflows Special Projects Lead portfolio-related special initiatives driven by market developments, platform growth, or strategic expansion Support model evolution and new solution development initiatives Contribute to white papers, investment commentary, and advisor education materials as needed Leadership & Collaboration Collaborate closely with the Head of Portfolio Management to support implementation excellence Partner with Director of Investment Manager Research, Director of Fixed Income, and Director of Equities to ensure cross-asset consistency Develop and mentor junior team members within portfolio analytics and risk functions Establish documentation standards and quality control processes Education/Qualifications PhD preferred, Masters Degree in Quantitative Finance, Mathematics, Statistics, or related field required 10+ years of experience (5+ with PhD) in multi-asset portfolio construction, asset allocation, or risk management Strong quantitative and analytical skill set Experience with portfolio optimization, risk systems, and multi-asset modeling Proficiency in Excel; familiarity with FactSet, Bloomberg, and portfolio analytics tools required Programming experience (Python, R, MATLAB, SQL) preferred Strong understanding of traditional and alternative asset classes Excellent written and verbal communication skills High ethical standards and professional integrity Ability to work collaboratively across investment teams WEG hires employees and makes decisions about their salary qualifications based on factors such as: the role to be performed; educational and professional experience, qualifications, skills and credentials; tenure, cost-of-living and demand for the role in the applicable market. To comply with state pay transparency laws, we must disclose the entire salary grade. The entire salary grade for those who are classified at the director level is $164,300.00 to $246,500.00.  However, the base salary range bolded above ($225,000.00 to $235,000.00) is what we expect to pay as a starting range for this position. #LI-REMOTE #LI-AP1 Comprehensive Benefits Offerings Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development, and work/life harmony. You may be eligible to participate in the following benefits & development opportunities: Training and professional development Medical, dental and vision coverage (Available to full-time employees and their families) Health Savings Account (HSA) with employer contribution and Flexible Spending Accounts (FSA) for medical, dependent, and transit expenses Life and AD&D insurance – employer paid and voluntary options Short-term and long-term disability, workers compensation – employer paid 401k with match and profit sharing Wellness programs and resources Voluntary benefits, including pet insurance 18 days of paid time off (PTO), accrued annually (25 PTO days after 4 years of service) 12 paid holidays each year (10 pre-determined and 2 floating days) Paid parental leave and paid caregiver leave (Caregiver leave available after 6 months of tenure) Reimbursement for tuition, licensing, and other credentials (Available after meeting service requirements) Should you need reasonable accommodation when completing the application form or during the selection process, contact the Human Resources Department at 763-417-1700 Information provided on this application will be kept confidential and only be shared with those involved in the selection process. Equal Opportunity Employer, including disabled and veterans. This organization participates in E-Verify. Click the following link to view Federal and E-Verify posters: Link OSHA Requirements: This position requires the ability to stand or sit for long periods of time, file documents in high or low cabinets, to use the telephone and to use the computer systems. Wealth Enhancement may use artificial intelligence (AI) tools to assist in the initial screening of resumes. All AI-supported evaluations are reviewed by our recruitment team to ensure accuracy and fairness. We are committed to equal opportunity in employment and do not discriminate based on race, color, religion, sex, national origin, age, disability, or any other protected status. Your personal information is handled in accordance with applicable data protection laws.