Senior MBS Portfolio Manager (Senior Portfolio Officer)

World Bank Group•Washington, DC

1d•Onsite

About The Position

The World Bank Group (WBG) Treasury is seeking a Senior MBS Portfolio Manager to join the Agency MBS team within the Securitized Products Unit. This role involves managing Agency MBS portfolios, including risk positioning, portfolio construction, and executing investment decisions within approved guidelines. The position also supports client education and professional development through analytical reporting, training, and market updates. The WBG Treasury manages approximately $300 billion in assets and is a significant participant in international financial markets, known for its prudent and innovative approach to borrowing, investing, and risk management. The Asset Management Department specifically manages over $300 billion in liquid asset portfolios for various WBG entities and external clients, focusing on capital preservation, liquidity, and risk-adjusted returns.

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.
A minimum of eight years of experience managing Agency MBS portfolios.
Demonstrated strategic investment insight, trading perspective, and research expertise across benchmarked strategies involving Agency MBS and other structured products, with the ability to identify market opportunities and translate views into portfolio decisions.
Deep expertise in Agency MBS and broader securitized products markets, including securitized credit, supported by strong knowledge of global fixed income markets and instruments, including money markets, government bonds, interest-rate futures, supranationals, sovereigns, and agencies (SSAs), and OTC interest-rate derivatives.
Demonstrated experience managing portfolio risk through thoughtful risk allocation, disciplined position sizing, and attribution of performance to underlying risk factors, with the ability to make timely decisions under uncertainty.
Strong analytical, quantitative, and modeling skills, including experience analyzing or modeling Agency MBS and other securitized products.
Familiarity with tools and systems supporting trading, portfolio management, and risk oversight is essential.
Independent and agile thinker with strong initiative, sound business judgment, and the ability to operate decisively and effectively in a fast-moving market environment.
Excellent communication skills, both verbal and written, with experience presenting market views, investment recommendations, and technical material credibly to a broad range of internal and external audiences.
Strong interpersonal and stakeholder management skills, with the ability to collaborate effectively across multidisciplinary teams and build productive relationships with clients, counterparties, and internal business partners in a multicultural environment.
Demonstrated ability to develop and mentor junior staff professionally and contribute positively to team development and knowledge sharing.
Demonstrated commitment to ethical and professional conduct consistent with the CFA Institute Code of Ethics and Standards of Professional Conduct, including integrity, objectivity, diligence, and adherence to applicable laws and professional obligations.

Nice To Haves

CFA or similar professional certification is a plus.
Proficiency in additional languages is an advantage.

Responsibilities

Lead or contribute to investment policy implementation, portfolio construction, and active risk positioning for fixed-income portfolios benchmarked to an agency MBS index, consistent with investment objectives, risk tolerance, and applicable asset and/or asset-liability management frameworks.
Provide expertise in investment policy, asset allocation, best practices, market strategy and outlook, and portfolio and performance reviews.
Generate and implement high-conviction investment ideas across Agency MBS sectors, with a primary focus on specified pools, taking accountability for position sizing, relative value expression, and risk-adjusted performance.
Exercise sound judgment in assuming and managing duration, spread, convexity, and liquidity risks within budgeted guidelines, including the ability to make timely decisions under uncertainty and adjust exposures as market conditions evolve.
Monitor portfolio risk exposures and performance drivers on an ongoing basis, ensuring that active positions are deliberate, well-calibrated, and aligned 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 enhance trading execution, risk management, and investment decision-making.
Provide timely updates to internal and external stakeholders regarding MBS market developments, investment themes, trading opportunities, and regulatory changes.
Collaborate across TRE teams to strengthen risk management, performance attribution, and related investment processes for Agency MBS portfolios.
Strengthen relationships with industry participants, federal mortgage agencies, and dealer counterparties, as well as partner with legal and credit teams to expand MBS trading relationships as appropriate.
Lead and/or participate in professional collaboration with official sector reserves managers of member countries, other official sector institutions, and TRE business partners through on-site missions, technical advisory engagements, workshops, client meetings, and oversight of internship programs.
Contribute to additional projects as needed within the department.