Portfolio Manager, Agency MBS

Invesco • Atlanta, GA

3d • Hybrid

About The Position

The Invesco Structured Investments team manages a wide range of strategies to support the broader Invesco Fixed Income platform. Its mandate spans the residential and commercial agency and non-agency mortgage-backed sectors as well as the asset-backed securities sector with the goal of delivering best-in-class fund performance. The team manages approximately $44 bn USD across a variety of strategies including mutual funds, ETFs, institutional separately managed accounts, and an Agency-focused mortgage REIT. The Portfolio Manager will serve as a key member of the team responsible for evaluating, selecting and positioning Agency MBS and related investments across Invesco-managed products.

Requirements

• 10+ years of direct experience in analyzing, trading, and managing risk in Agency MBS including TBA, specified pools, CMOs, and derivatives
• CFA or MBA preferred
• Comprehensive understanding of all facets of Agency MBS and related macroeconomic, financial market, and regulatory dynamics
• Significant knowledge of other structured products sectors
• Expertise in design and implementation of hedging strategies via swaps, futures, swaptions, and other interest rate derivatives
• Experience managing levered portfolios is beneficial
• Command of industry tools including Bloomberg, Tradeweb, Yield Book, DataQuery, etc.
• Familiarity with BlackRock Aladdin platform is beneficial

Nice To Haves

• Demonstrated success in driving investment outcomes through decisive risk-taking and portfolio management
• Proficiency in quantitative methods and analytical mindset
• Ability to articulate a comprehensive investment framework and adapt it to meet specific client objectives
• Humble, client centric focus - we are fiduciaries of our clients’ assets and must understand their goals, desires, and investment objectives
• Commercially oriented mindset
• Strong written and verbal presentation skills and ability to work constructively as a key member of a dynamic investment team
• Proficiency leveraging AI tools to automate and optimize workflows

Responsibilities

• Apply Agency MBS expertise to generate and implement investment ideas through comprehensive analysis of specified pools, CMOs, TBAs, and other agency mortgage derivatives
• Manage portfolios focused primarily on Agency MBS across various investment vehicles, including mutual funds, ETFs and separately managed institutional accounts
• Collaborate with portfolio management colleagues on investment strategies managed by the broader Structured Investments and Invesco Fixed Income team
• Employ a relative value-oriented mindset when assessing cross-sector asset allocation opportunities across the universe of structured products and other investment grade credit sectors
• Add value through design and execution of advanced hedging strategies
• Develop and communicate investment outlook to internal and external stakeholders
• Build trusted relationships with sell-side counterparties to facilitate best execution on Agency MBS sourcing and trading
• Cultivate strong, lasting partnerships with current and prospective retail and institutional clients
• Commercialize Agency MBS and broader structured products investment capabilities through product development and marketing efforts

Benefits

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan

What This Job Offers

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