Senior Portfolio Manager, Fixed Income

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com

Job Function:

Finance

Job Sub Function:

Treasury

Job Category:

People Leader

All Job Posting Locations:

New Brunswick, New Jersey, United States of America

Job Description:

Johnson & Johnson is recruiting for a Senior Portfolio Manager, Fixed Income to be located in New Brunswick, NJ.

The Senior Portfolio Manager, Fixed Income is a key member of the investment team that is responsible for managing a global asset pool exceeding $50 billion. This role is expected to lead the full lifecycle of public market fixed income investments, including manager and fund selection, due diligence, onboarding, monitoring, termination, and transition management. Furthermore, the position serves as a subject matter expert in liability-driven investing (LDI), analyzing liability profiles and recommending tailored investment strategies. Reporting directly to the VP, Head of Public Markets, the Sr. Manager will drive strategic execution across all aspects of fixed income investment activity.

 

Major Responsibilities

• Lead all public market fixed income investment activities globally.
• Identify and evaluate fixed income funds and managers across diverse fixed income mandates.
• Conduct investment and operational due diligence; manage hiring, integration, monitoring, and termination of managers.
• Maintain a pipeline of viable investment opportunities and managers.
• Monitor and communicate performance of fixed income investments worldwide.
• Assess and enhance reporting for liability-driven investments.
• Track industry trends to identify top-performing managers and assess their potential fit within Johnson & Johnson’s DB/DC plans and select non-U.S. plans.
• Recommend appropriate benchmarks for fixed income portfolios.
• Assign and communicate manager ratings to investment leadership and committees.
• Measure and manage active risk across fixed income portfolios.
• Source and evaluate new strategic and tactical investment opportunities.
• Prepare and present performance reports to global investment committees.
• Collaborate with investment team members and actuaries to understand liability dynamics and recommend hedging strategies (especially for U.S., Canada, and select European plans).
• Monitor U.S. pension funded status and collaborate with the CIO, Pension Plans and the VP, Head of Public Markets on any potential asset allocation changes resulting from a change in funded status.
• Lead asset/liability studies for smaller plans and collaborate across asset classes and cross-functionally to implement approved changes.
• For select non-U.S. plans and in partnership with local committees, oversee benefit investments, asset allocation, liquidity, funding and risk management; design and implement liability hedging programs.
• For select new non-U.S. plans, review investment arrangements; evaluate recommendations for local investment providers; review local consultants’ proposals and challenge local consultants’ assumptions; analyze potential investment implications of plan design changes and recommend appropriate action.

Qualifications:

• Minimum of a Bachelor’s Degree is required, an undergraduate degree in Business, Finance, Economics, or Statistics is strongly preferred.
• CFA, CAIA, CPA, or MBA is preferred
• Strong quantitative and analytical skills required.
• Deep expertise in public fixed income markets and strategies.
• Minimum of 5 years in institutional investment, with experience selecting fixed income managers.
• Knowledge of private credit is a plus.
• Proficiency in tools such as eVestment, Morningstar, Bloomberg, Backstop, and Factset.
• Advanced Excel skills, including modeling, are required
• Strong presentation capabilities, including an ability to clearly explain complex concepts to diverse audiences.
• Must be a self-starter, work independently with minimal supervision, as well as be a team player with excellent communication and relationship-building skills.
• Ability to thrive in a dynamic environment