Junior Fixed Income Portfolio Manager (Hybrid Work Model)

Do you have a passion for financial markets, market psychology, and sustainable investing?  We are looking for an individual who is seeking a self-developing career in fixed income markets to join our team of dedicated investment professionals within Swiss Re's Asset Management (AM) unit.

 

About the Role

 

As a Junior Fixed Income Portfolio Manager on the Rates and ALM (Asset Liability Management) team, you will join a team of Portfolio Managers focused on Swiss Re's government and government related fixed income portfolios.  You will engage in investment analysis, portfolio construction, and trade execution.  You will actively follow financial markets to develop a deep sense for the mechanisms at play as well as the human behavioral patterns exposed under different market circumstances.

 

Key Responsibilities include the following:

 

• Trading in a range of fixed income securities including government bonds, agency mortgages, interest rate swaps, and other fixed income derivatives
• Engaging in investment strategy and portfolio construction, including relative value and security analysis
• Monitoring net interest rate risk positions within Swiss Re interest rate mandates, and reconciling daily risk changes with market movements and portfolio transactions
• Assist in the daily portfolio management process which includes booking trades, writing performance reports, cross-checking profit and loss numbers and producing investment presentations
• Attend meetings with investment bank economists and strategists to develop and examine investment ideas
• Support the Rates and ALM team by automating reoccurring and ad hoc processes and reports using excel, python, Bloomberg, or other systems

 

This position offers a very high level of exposure to internal (Treasury, Risk Management and other areas of Asset Management) and external counterparties (sales, trading and research departments of major investment banks) as well as direct exposure to senior management due to the flat structure of the team.

 

About the Team

The Rates and ALM team is a globally distributed team of 10 investment professionals located in New York, London and Singapore and is part of the overall Client, Steering & ALM team.  We are a core function within Swiss Re Asset Management, responsible for managing fixed income portfolios for internal Swiss Re clients (SR's global legal entities). The team consists of portfolio managers trading in government bonds, agency mortgages, inflation linked securities, and associated derivatives for Swiss Re across a global portfolio.  This position would focus primarily on North American fixed income markets, reporting to the Co-Head of Global Rates and ALM.

 

 

About You

 

You are a self-motivated individual with a passion for financial markets and an interest to analyze and understand the many drivers of global interest rates.  You bring an analytical mindset and an attention to detail as you help the team manage the ALM rates positions across the portfolio.  You work well under pressure, with an interest to negotiate and execute trades in fast moving interest rate market.  You have strong written and verbal communication skills and can discuss and debate investment ideas in a collaborative team environment.

 

Key skills and competencies you will need:

 

• Bachelor's degree in Finance, Economics or another analytical field, with work towards an additional professional designation a plus (e.g., CFA)
• Up to 3 years of experience in the field of financial services; experience within fixed income markets and/or insurance asset liability management a plus
• Proficient in MS Office (Excel, PowerPoint a must); familiarity with Bloomberg, BlackRock Aladdin, or programming languages a plus
• Deep understanding and true passion for financial markets
• Critical thinker and capable of conducting your own research and analysis
• Hardworking, engaging team member with strong communication skills
• Lateral thinker and consider alternative points of view or perspectives with an open mind
• Proven ability to take initiative and act accordingly in a high stress environment

 

 

 

For New York City the estimated base salary range for this position is $96,000 to $156,000.  The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.  At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-