Junior Fixed Income Portfolio Manager

Swiss Re • New York, NY

1d • $112,000 - $168,000 • Hybrid

About The Position

We are looking for a motivated, analytically minded professional with a strong interest in rates and agency mortgage-backed securities (MBS) to join our team of dedicated investment professionals within Swiss Re’s Asset Management (AM) unit. This is an exciting opportunity to build your expertise in a dynamic, intellectually challenging market-driven environment while gaining exposure to the intersection of macroeconomics, market structure, quantitative investing, and emerging technologies. 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 - including Treasuries, interest rate derivatives, and agency MBS. You will be engaging in quantitative investment analysis, portfolio construction, and trade execution, leveraging data-driven insights to support investment decisions. This role offers a blend of exposure to both interest rate markets and agency MBS, and will include building AI-enabled analytical tools, analyzing market developments, and actively supporting and improving daily portfolio management processes.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, or a related analytical field; progress toward a professional designation (e.g., CFA) is a plus.
• Up to 3 years of experience in fixed income trading, quantitative investment research, or asset-liability management, preferably within a bank, asset manager, or insurance company.
• Strong data analysis skills, with demonstrated ability to learn and effectively use modern technology and AI tools; experience with Python, Bloomberg, Aladdin, or other investment and risk systems is a plus.
• Foundational knowledge of financial markets, including rates, mortgage-backed securities (MBS), yield curves, and derivatives.
• Exposure to quantitative modeling, statistical analysis, or portfolio construction through coursework, internships, or experience in a trading or investment environment.
• Eagerness and curiosity to explore and apply AI, data, and automation tools to enhance investment processes, improve efficiency, and generate meaningful insights.
• Ability to work independently, take ownership, and proactively identify areas where you can contribute.

Nice To Haves

• Progress toward a professional designation (e.g., CFA) is a plus.
• Experience with Python, Bloomberg, Aladdin, or other investment and risk systems is a plus.

Responsibilities

• Alongside Senior Portfolio Managers, execute trades across government bonds, agency mortgage-backed securities, interest rate swaps, futures, and other fixed income derivatives, ensuring smooth trade operations.
• Conduct quantitative investment analysis and portfolio construction across government and agency MBS markets, including scenario testing, curve and spread modeling, and prepayment analysis.
• Analyze yield curve dynamics, agency MBS and broader market trends, while monitoring macroeconomic developments and contributing to relative value analysis across rates markets.
• Develop and enhance AI- and Python-enabled automation tools, and Bloomberg data to enhance investment research, portfolio monitoring, market analysis, and trade execution insights.
• Engage with investment bank economists and strategists, bringing relevant market insights back to the team and contributing to investment discussions.
• Monitor portfolio risk and performance while supporting trade booking, P&L reconciliation, reporting, and the preparation of investment materials.

Benefits

• The estimated base salary range for this position is $112,000 to $168,000.
• 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- and long-term incentives, and benefits offered), in setting individual compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level