Senior Portfolio Manager, Fixed Income

Johnson & Johnson•New Brunswick, NJ

About The Position

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com Job Function: Finance Job Sub Function: Treasury Job Category: People Leader All Job Posting Locations: New Brunswick, New Jersey, United States of America Job Description: Johnson & Johnson is recruiting for a Senior Portfolio Manager, Fixed Income to be located in New Brunswick, NJ. The Senior Portfolio Manager, Fixed Income is a key member of the investment team that is responsible for managing a global asset pool exceeding $50 billion. This role is expected to lead the full lifecycle of public market fixed income investments, including manager and fund selection, due diligence, onboarding, monitoring, termination, and transition management. Furthermore, the position serves as a subject matter expert in liability-driven investing (LDI), analyzing liability profiles and recommending tailored investment strategies. Reporting directly to the VP, Head of Public Markets, the Sr. Manager will drive strategic execution across all aspects of fixed income investment activity.

Requirements

Minimum of a Bachelor’s Degree is required, an undergraduate degree in Business, Finance, Economics, or Statistics is strongly preferred.
Strong quantitative and analytical skills required.
Deep expertise in public fixed income markets and strategies.
Minimum of 5 years in institutional investment, with experience selecting fixed income managers.
Proficiency in tools such as eVestment, Morningstar, Bloomberg, Backstop, and Factset.
Advanced Excel skills, including modeling, are required
Strong presentation capabilities, including an ability to clearly explain complex concepts to diverse audiences.
Must be a self-starter, work independently with minimal supervision, as well as be a team player with excellent communication and relationship-building skills.
Ability to thrive in a dynamic environment, manage multiple priorities, and demonstrate intellectual curiosity.
Willingness to travel 25–30%, including internationally.

Nice To Haves

CFA, CAIA, CPA, or MBA is preferred
Knowledge of private credit is a plus.

Responsibilities

Lead all public market fixed income investment activities globally.
Identify and evaluate fixed income funds and managers across diverse fixed income mandates.
Conduct investment and operational due diligence; manage hiring, integration, monitoring, and termination of managers.
Maintain a pipeline of viable investment opportunities and managers.
Monitor and communicate performance of fixed income investments worldwide.
Assess and enhance reporting for liability-driven investments.
Track industry trends to identify top-performing managers and assess their potential fit within Johnson & Johnson’s DB/DC plans and select non-U.S. plans.
Recommend appropriate benchmarks for fixed income portfolios.
Assign and communicate manager ratings to investment leadership and committees.
Measure and manage active risk across fixed income portfolios.
Source and evaluate new strategic and tactical investment opportunities.
Prepare and present performance reports to global investment committees.
Collaborate with investment team members and actuaries to understand liability dynamics and recommend hedging strategies (especially for U.S., Canada, and select European plans).
Monitor U.S. pension funded status and collaborate with the CIO, Pension Plans and the VP, Head of Public Markets on any potential asset allocation changes resulting from a change in funded status.
Lead asset/liability studies for smaller plans and collaborate across asset classes and cross-functionally to implement approved changes.
For select non-U.S. plans and in partnership with local committees, oversee benefit investments, asset allocation, liquidity, funding and risk management; design and implement liability hedging programs.
For select new non-U.S. plans, review investment arrangements; evaluate recommendations for local investment providers; review local consultants’ proposals and challenge local consultants’ assumptions; analyze potential investment implications of plan design changes and recommend appropriate action.

Benefits

Subject to the terms of their respective plans, employees are eligible to participate in the Company’s consolidated retirement plan (pension) and savings plan (401(k)).
This position is eligible to participate in the Company’s long-term incentive program.
Subject to the terms of their respective policies and date of hire, employees are eligible for the following time off benefits:
Vacation –120 hours per calendar year
Sick time - 40 hours per calendar year; for employees who reside in the State of Colorado –48 hours per calendar year; for employees who reside in the State of Washington –56 hours per calendar year
Holiday pay, including Floating Holidays –13 days per calendar year
Work, Personal and Family Time - up to 40 hours per calendar year
Parental Leave – 480 hours within one year of the birth/adoption/foster care of a child
Bereavement Leave – 240 hours for an immediate family member: 40 hours for an extended family member per calendar year
Caregiver Leave – 80 hours in a 52-week rolling period10 days
Volunteer Leave – 32 hours per calendar year
Military Spouse Time-Off – 80 hours per calendar year
For additional general information on Company benefits, please go to: - https://www.careers.jnj.com/employee-benefits