Senior Portfolio Manager, Hedge Funds

World Bank Group•Washington, DC

2d•Onsite

About The Position

The World Bank Group (WBG) Treasury is seeking a Senior Portfolio Manager for its Absolute Returns team within the Pension Investments (PENIN) group. This role is responsible for managing a portfolio of market-neutral liquid hedge funds designed to deliver returns with limited correlation to traditional risk factors, low volatility, and strong downside protection. The Senior Portfolio Manager will co-lead portfolio construction, conduct investment due diligence, identify new managers, and present to the Investment Committee. They will also be responsible for monitoring the performance and risk of funds within the Absolute Returns Portfolio.

Requirements

Advanced degree (Masters preferred) in a relevant field, preferably finance, business, economics
At least 10 years of investment work experience preferably investing in Absolute Returns strategies including but not limited to market-neutral, quantitative and trading-oriented approaches.
Proven quantitative and qualitative analytical and problem-solving skills, including competency in implementing quantitative and statistical techniques in assessing hedge fund managers and portfolio construction.
Experience in having led investment due diligence across multiple hedge fund strategies with experience in leading due diligence meetings with hedge funds managers.
Proven abilities to engage with multiple, diverse stakeholders in determining strategic positioning of the Absolute Returns portfolio intended to meet organizational objectives and to convey complex ideas clearly.
Experience working with legal teams, understanding investment and legal review processes, and coordinating with middle-office and legal functions.
Demonstrated track record contributing to investment committees (IC) or equivalent governance bodies, with evidence of high-quality decision-making under uncertainty.
Demonstrated people leadership experience including coaching, feedback, talent development skills and managing junior investment professionals.
Experience building high-performing, inclusive teams.
Creative thinker and quick learner with initiative, drive, and attention to detail.
Ability to think beyond dimensions of standard portfolio management theory and quickly understand framework and method behind construction of the portfolio.
Ability to collaborate across multidisciplinary teams to foster strategic business partnerships.
Excellent team player with strong interpersonal, communication and facilitation skills (both verbal and written skills), and commitment to work in a team-oriented, multi-cultural environment.
Highest ethical standards.

Nice To Haves

Professional Certification such as a CFA and/or CAIA is a plus.

Responsibilities

Lead the portfolio construction process and enhancements to the portfolio, including formulating and identifying new investment ideas/themes and approaches, and researching new managers.
Enhance quantitative and qualitative analysis for investment decisions, recommend new techniques, and improve implementation.
Demonstrate understanding of analytical resources and systems for Hedge Funds investing, manager analytics, valuation, and performance reporting.
Oversee the day-to-day operations of the portfolio, ensuring alignment with market-neutral liquid hedge fund principles.
Oversee the management of relationships with external hedge fund managers.
Monitor the performance and risk characteristics of current funds and track industry trends.
Ensure investment activities comply with internal policies, regulatory requirements, and industry best practices.
Formulate ideas and approaches to portfolio construction to improve understanding of risk and return drivers.
Enhance quantitative and qualitative analysis, monitor quantitative approaches and tools, and participate in manager calls and meetings.
Recommend new techniques for analysis, refining existing ones, and improve implementation.
Maintain a forward-looking view on risk and return across hedge fund strategies and market cycles.
Manage the risk of the portfolio.
Effect changes to the asset class portfolio as appropriate, including engaging with the PENIN Manager.
Propose and implement changes to investment processes.
Keep abreast of market developments affecting the asset class, identify investment opportunities, and implications for existing portfolios.
Independently manage the due diligence process of external managers.
Understand legal, business, operational, and regulatory risks across hedge funds and managers.
Take initiative in researching new managers and negotiate with investment managers.
Work with the asset class team in building investment presentations.
Prepare and present investment recommendations and risk assessments to inform Investment Committee (IC) decisions.
Actively participate in presenting portfolio actions to the Public Markets Investment Committee for approval.
Document key IC deliberations, decision rationales, and follow-up actions.
Actively participate in IC meetings for other asset classes, contributing insights and challenging assumptions.
Prepare and present regular investment performance reports to senior management and relevant committees.
Promote a culture of high performance, inclusion, and continuous learning.
Drive proactive performance management for staff in the team.
Mentor and guide junior-level team members.
Contribute to additional projects as needed within the department.