Junior Fixed Income Portfolio Manager - Efficient Beta (San Francisco)

Recruiter
Insight Investment Management Limited
Location
San Francisco, USA
Salary
-
Posted
28 Jul 2021
Closes
11 Aug 2021
Ref
11608145
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Company overview:

Insight is a global asset manager, responsible for $1,028.7bn in assets under management (as of December 31, 2020) across pension risk management and liability-driven investment (LDI), fixed income and strategic liquidity solutions. Our clients include pension funds, corporates, public sector clients, insurers, sovereign wealth funds, supra-nationals, wealth managers, endowments and foundations, multi-employer plans and financial institutions. Insight leverages a global network of operations in the US, UK, Ireland, Germany, Japan and Australia.

At the heart of our investment philosophy, is a desire to offer clients innovative yet practical solutions. To achieve this, we combine expertise, strength and depth of knowledge with innovation across a broad range of asset classes and the risk/return spectrum to offer our clients complete flexibility; an essential tool in delivering tailored client solutions. A team-oriented approach is the lynchpin of our business and means that we can draw on the in-house expertise of high caliber professionals at any time. Our investment professionals are specialists in their field meaning we have the right people doing the right jobs for our clients.

In February 2021, as a result of discussion and agreement with Insight, BNY Mellon announced that four US specialised fixed income investment teams within affiliate Mellon Investments are to move to Insight Investment. Based in Boston and San Francisco, the Efficient Beta, Municipal Bond, Stable Value and Taxable Fixed Income teams will become part of Insight's US investment platform and business, bringing with them client relationships and assets.

Division Description:

Mellon Efficient Beta Fixed Income Portfolio Management team is seeking an Associate Portfolio Manager to support the team's rapidly growing credit business. The Efficient Beta portfolio management team is a closely knit group and operates much like a startup within a larger organization. Client adoption is growing quickly and the team is widely recognized as a pioneer in applying quantitative investing to harvesting alpha in fixed income, as well as in pushing the technological boundaries of fixed income portfolio trading. The Efficient Beta team primarily serves institutional clients and manages quantitative, systematic strategies across major fixed income sectors with a global focus.

Position Description:

The role of the Junior Fixed Income Portfolio Manager includes model analysis and portfolio decision-making, trade preparation, trading, portfolio reporting, performance attribution, monitoring portfolio performance and exposures, utilizing portfolio management software, special department-wide projects, and interdepartmental client communications. Fixed income portfolios invest in various security types, such as governments, corporates, and asset-backed securities. Derivatives, such as futures, options, and currency forwards, are also utilized in many portfolios. An in depth understanding of security and derivatives valuation, fixed income portfolio management concepts, and experience in trading fixed income securities is required. Incumbent acts independently within established investment policy guidelines, and manages larger and more complex and important portfolios. Incumbent assists more senior portfolio managers in handling a full set of fixed income portfolios. Works under the direct supervision of management or more senior staff.

Up to four years of investment experience with a Bachelor's Degree. Up to 2 years of experience for MBA's or CFA's.

Qualifications:

• Bachelor's degree or the equivalent combination of education and experience is required
• 3-5 years of investment, trading, or operational experience with a focus on credit
• Understanding of financial markets and fixed income concepts
• Understanding of major index rules and index construction process
• Strong analytical skills
• Experience in Bloomberg PORT, Python helpful
• CFA/CAIA strongly desired.
• Excellent analytical skills, high aptitude for quantitative reasoning and problem-solving.
• Advanced skills in Excel, including ability to read, write, and debug VBA code.
• Comfortable working with very large data sets; strong statistics foundation a plus.
• Strong verbal and written communication/presentation skills.
• Ability to work under pressure and in time-sensitive environments.
• Extreme attention to detail and high degree of organization.
• Strong team player with a positive attitude.
• Must be willing to work market hours starting as early at 5:30am PST
• Maintain and build systems infrastructure including databases, Python, Excel spreadsheets/VBA code.
• Experience with Python, Bloomberg, Portia, CRD, R or MATLAB, and 3rd Party Portfolio Management systems a plus (Point, YieldBook, FactSet, etc.)
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