Senior MBS Portfolio Manager (Senior Portfolio Officer)

World Bank Group•Washington, DC

About The Position

The Senior Portfolio Manager will join the Agency MBS team within the Securitized Products Unit of the World Bank Group Treasury’s Asset Management Department. Reporting to the team head, the position independently manages Agency MBS portfolios, with responsibility for risk positioning, portfolio construction, and best execution within approved guidelines. The portfolios are predominantly benchmarked to the Bloomberg Agency MBS Index. The role includes implementing investment policies, developing and executing investment ideas, managing portfolio risks, and monitoring performance. The Senior Portfolio Manager also supports client institutions’ education and professional development through analytical reporting, training, market updates, and seminars in the United States and internationally. The role involves coaching junior staff, developing and using technology and analytics, communicating with stakeholders, collaborating across Treasury teams, and building relationships with industry participants and official-sector institutions.

Requirements

Master’s degree in business, finance, economics, mathematics, statistics, or a related field.
Substantial relevant experience in fixed-income and securitized-products asset management, including at least eight years managing Agency MBS portfolios.
Strategic investment insight, trading perspective, and research expertise in benchmarked strategies involving Agency MBS and other structured products.
Deep expertise in Agency MBS and broader securitized-products markets, including securitized credit, and strong knowledge of global fixed-income instruments and markets.
Experience managing portfolio risk through risk allocation, disciplined position sizing, and performance attribution to underlying risk factors.
Strong analytical, quantitative, and modeling skills, including experience analyzing or modeling Agency MBS and other securitized products.
Familiarity with tools and systems for trading, portfolio management, and risk oversight.
Initiative, sound business judgment, and the ability to make decisions effectively in a fast-moving market environment.
Excellent verbal and written communication skills, including presenting market views, investment recommendations, and technical material to varied audiences.
Strong interpersonal and stakeholder-management skills, including the ability to collaborate across multidisciplinary teams and build relationships in a multicultural environment.
Ability to develop and mentor junior staff and contribute to team development and knowledge sharing.
Commitment to ethical and professional conduct consistent with the CFA Institute Code of Ethics and Standards of Professional Conduct.
Required language: English.

Nice To Haves

CFA or similar professional certification.
Proficiency in additional languages.

Responsibilities

Lead or contribute to investment policy implementation, portfolio construction, and active risk positioning for fixed-income portfolios benchmarked to an agency MBS index.
Provide expertise in investment policy, asset allocation, best practices, market strategy and outlook, and portfolio and performance reviews.
Generate and implement investment ideas across Agency MBS sectors, primarily specified pools, and manage position sizing, relative-value decisions, and risk-adjusted performance.
Manage duration, spread, convexity, and liquidity risks within budgeted guidelines, adapting exposures as market conditions evolve.
Monitor portfolio risk exposures and performance drivers, ensuring positions align with approved risk budgets and client objectives and constraints.
Coach and train junior-level staff supporting the Agency MBS business.
Leverage and help develop technology and analytics to improve trading execution, risk management, and investment decisions.
Provide internal and external stakeholders with updates on MBS markets, investment themes, trading opportunities, and regulatory changes.
Collaborate across Treasury teams to strengthen risk management, performance attribution, and investment processes for Agency MBS portfolios.
Build relationships with industry participants, federal mortgage agencies, and dealer counterparties, and partner with legal and credit teams to expand MBS trading relationships where appropriate.
Participate in professional collaboration with official-sector reserve managers, other official-sector institutions, and Treasury business partners through missions, advisory engagements, workshops, client meetings, and oversight of internship programs.
Contribute to other departmental projects as needed.
Support client institutions’ education and professional development through analytical reporting, training, market updates, and seminars.