Fixed Income Portfolio Manager
About The Position
The successful candidate will be responsible for developing, directing, and executing investment strategy as part of Northern Trust’s fundamental multi-sector bond platform. Responsibilities include serving as a portfolio manager and thought leader on multi-sector strategies within NTAM’s taxable fixed income team, working independently to contribute investment ideas. The primary sector focus will be on corporate credit valuation. Portfolio construction decisions will involve securitized assets and interest rate strategy as well. The role also involves monitoring and reporting on market and economic conditions, proposing appropriate investments, and participating in portfolio construction, all within a fundamental risk-aware context, in a manner consistent with each client’s investment objectives. Maintaining alignment of risk exposures across portfolios with common objectives, analyzing and reporting on the performance of each portfolio relative to its respective benchmark, and contributing to the team’s disciplined investment philosophy are also key aspects. Additionally, the role involves assisting in the development of new portfolio strategies through evaluation of fixed income market structural dynamics, with a focus on the evolution of fundamental risk factors, the introduction of innovative investment products, and the changing behavior of major market participants. Designing and developing prototypes to systematize investment decision workflows and working in close coordination and partnership with all global fixed income staff are expected. The candidate will also engage with sophisticated clients for new business and existing relationships and establish and maintain professional contacts within the Fixed Income industry to further develop market knowledge and expertise.
Requirements
- At least 5 years of active fixed income portfolio management experience
- Corporate credit-specific fundamental knowledge
- Knowledge of structural economic principles and trends across various markets, the roles of various industry participants, as well as management techniques related to retail and institutional portfolios, including risk management, monitoring, and reporting
- A creative thinker who prides him/herself on independent thinking and uncovering hidden opportunities.
- Strong quantitative, financial analysis and problem-solving skills
- Strong presentation and writing skills and the ability to clearly communicate portfolio features and articulate investment philosophy and process, portfolio holdings, and the rationale behind portfolio construction. Ability to demonstrate investment credibility.
- Proficiency in Excel and Bloomberg.
- Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Nice To Haves
- A demonstrated 1-3-5 year investment track record a strong plus
- Familiarity with machine learning and AI tools.
- Ability to code in Python and/or develop analytics using AI methods a strong plus.
- Masters’ Degree / MBA or industry certifications (CFA, CAIA etc.) preferred.
Responsibilities
- Serve as portfolio manager and thought leader on multi-sector strategies within NTAM’s taxable fixed income team, working independently to contribute investment ideas. The primary sector focus will be on corporate credit valuation. Portfolio construction decisions will involve securitized assets and interest rate strategy as well.
- Monitor and report on market and economic conditions, propose appropriate investments, and participate in portfolio construction, all within a fundamental risk-aware context, in a manner consistent with each client’s investment objectives.
- Maintain alignment of risk exposures across portfolios with common objectives
- Analyze and report on the performance of each portfolio’s relative to its respective benchmark, including risk-adjusted excess returns, performance attribution, and actual tracking error vs. expected.
- Contribute to team’s disciplined investment philosophy
- Assist in the development of new portfolio strategies through evaluation of fixed income market structural dynamics, with a focus on the evolution of fundamental risk factors, the introduction of innovative investment products, and the changing behavior of major market participants
- Design and develop prototypes to systematize investment decision workflows.
- Work in close coordination and partnership with all global fixed income staff
- Engage with our most sophisticated clients for new business and existing relationships
- Establish and maintain professional contacts within the Fixed Income industry to further develop market knowledge and expertise
Benefits
- retirement benefits (401k and pension)
- health and welfare benefits (medical, dental, vision, spending accounts and disability)
- paid time off
- parental and caregiver leave
- life & accident insurance
- other voluntary and well-being benefits
- discretionary bonus program that may include an equity component.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
