Senior Portfolio Manager - Fixed Income

State of Wisconsin Investment Board • Madison, WI

1d • Hybrid

About The Position

The Fixed Income Strategies team manages over $17 billion across five portfolios spanning rates, investment grade and leveraged credit, and structured products. The team integrates fundamental and quantitative insights and manages both long-only and long/short strategies. We emphasize disciplined portfolio construction, rigorous risk management, and collaborative decision-making across asset classes.

We are seeking an experienced Senior Portfolio Manager to lead dedicated high-yield bond and leveraged loan portfolios . This role requires deep leveraged finance expertise, strong portfolio and risk management capabilities, and proven leadership experience. The successful candidate will be a leader in shaping investment strategy, mentoring analysts, and contributing to firm-wide investment discussions.

Requirements

• Extensive experience managing high-yield bond and leveraged loan portfolios
• Minimum 12 years of fixed income experience , including senior portfolio management responsibility and team leadership
• Demonstrated success building and enhancing investment teams and platforms
• High level of proficiency with portfolio analytics, risk budgeting, and risk management tools
• Broad understanding of global fixed income and capital markets
• Strong ability to collaborate effectively within a small team and across investment disciplines
• Strategic mindset paired with exceptional attention to detail
• Excellent interpersonal, communication, and leadership skills
• Team-oriented professional with a positive, constructive approach
• The position requires U.S. work authorization.

Responsibilities

• Lead and manage non-investment-grade portfolios using a disciplined, repeatable investment process
• Ensure portfolios adhere to investment guidelines, risk parameters, and performance objectives
• Lead, mentor, and develop a team of credit analysts
• Serve as a senior member of the Fixed Income Strategies team, providing leadership in macro, sector, and security-level discussions
• Provide leveraged finance expertise across the firm and participate in cross-market strategies and trades
• Partner with quantitative and technology teams to build and enhance portfolio management, research, and analytics platforms
• Evaluate and incorporate new technologies to improve investment research, portfolio construction, and trading processes
• Prepare and present materials on investment strategy, positioning, and performance to internal stakeholders

Benefits

• Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarks
• Comprehensive benefits package
• Educational and training opportunities
• Tuition reimbursement
• Challenging work in a professional environment
• Hybrid work environment

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed
• Number of Employees: 101-250 employees