Associate Portfolio Manager - Securitized Credit

About Victory Capital:

 

Victory Capital is a diversified global asset management firm and employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

 

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 12 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan and brokerage services.

 

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.

General Summary and Purpose:

The Securitized Credit Team is looking for an Associate Portfolio Manager to focus on credit underwriting, trade execution, sector allocation, and position surveillance as the team’s primary coverage for specific subsectors of the ABS, CLO, or CMBS markets.  Based in Boston, MA, this person will work closely with the other members of the Securitized Credit Team to assist in making investment decisions within dedicated securitized credit portfolios, short duration portfolios, and multi-sector fixed income portfolios

You Will:

• Serve as the team’s primary coverage for specific subsectors of the ABS, CLO, or CMBS markets. Within these three areas, the specific securitized subsectors assigned to this individual will be determined by their skills and experience and how they fit within the broader team.
• Perform detailed credit analysis and propose trade ideas for client portfolios.
• Make sector overweight/underweight recommendations across client portfolios.
• Assess strengths and weaknesses of securitization structures, risk scenarios, and legal documents on new issue and secondary offers.
• Build and maintain scalable systems to monitor performance and valuations. Analyze issuer, industry, and market trends within a comprehensive surveillance process.
• Develop models to forecast the performance of various loan pools.
• Execute trades in the primary and secondary market. Build and maintain relationships with sell-side research, trading desks, rating agencies, issuers, and other industry participants.

You Have:

• Bachelor’s degree in an analytical field such as finance, economics, mathematics, or engineering.
• 3-8 years of experience in an investing, banking, structuring, or trading role within ABS, CLOs, CMBS, or areas related to these markets.
• Ability to take risk and make decisions under pressure.
• Analytical skills, attention to detail, and exceptional work ethic.
• Proficiency with computer programming such as Python and SQL preferred
• Master’s degree, CFA charterholder or progress towards the CFA designation preferred

 

Our Benefits:

Victory Capital Management offers excellent Medical, Dental, Vision plans, Flexible PTO, Family Medical and Disability Leaves, Education Tuition Reimbursement and a 401k plan wit