Senior Portfolio Manager - Securitized Products

Resolution Life•New York, NY

19d•$250,000 - $300,000•Hybrid

About The Position

As part of the application process, a candidate account is required to log in and view application(s). Please be sure to check email regularly for information regarding our employment process. The Portfolio Manager will support the Portfolio Management (“PM”) team’s responsibilities in managing Resolution Life’s (“RL”) investments, with a specific SME asset class focus on securitized assets across both public and private markets with a focus on private asset backed finance transactions. As a Life insurance company that offers reinsurance solutions, the RL portfolio targets a diversified mix of capital-efficient investments which are optimized from time to time for the best risk adjusted return outcome. RL leverages relationships with third-party investment managers to invest in specific asset classes that meet balance sheet objectives. It is the primary responsibility of the PM team to execute the investment strategy through manager oversight, the implementation of tactical market views, monitoring and managing emergent risks in the investment portfolio, and communicating portfolio results to senior leadership. The PM team works in collaboration with the Strategic Asset Allocation and Asset Liability Management team to set and monitor portfolio construction, asset allocation, asset class relative value, and formulate market views. The Securitization Expert will be responsible for assessing the specific and aggregate risks in securitized assets in the Company’s various portfolios, developing our processes and risk management approach to investments in securitized assets. The ideal candidate should have a deep understanding of the mechanics as well as structural considerations involved in securitization as well as an understanding of the economic behavior of underlying collateral typically supporting securitization whilst able to assess the appropriateness of the resultant systemic risks and risk factor concentrations. For some more esoteric securitization opportunities that do not conform to current investment guidelines, the Securitization Expert will help the Company form an opinion on if and how much of the asset we would be willing to own and what limitations on specific tranches or structure conditions we would need to participate in the opportunity. The environment is fast-paced and flexible. The successful candidate will be able to gain exposure to all aspects of the investment process and have access and support ambitions growth business strategies. The individual for this role will be expected to be a team player, willing to learn, and develop her/his skills with a positive attitude and a high degree of self-motivation.

Requirements

Bachelor’s degree required (in Business, Finance, Economics, Mathematics, Computer Science, Engineering, or related field); advanced degree (MBA, MS) or progress toward CFA or CAIA designation preferred
10+ years of relevant experience in credit portfolio management or insurance asset management with a focus on securitization.
Strong understanding of capital markets, securitization products and their credit fundamentals,
Experience working with general account portfolios or institutional investors is preferred
Proven ability to analyze complex investments, synthesize data, and communicate clearly to senior stakeholders
Familiarity with insurance products and regulatory frameworks (NAIC, RBC, BMA)
Proficient in Excel, PowerPoint, and experience with investment analytics platforms (Aladdin, Intex, Bloomberg, , etc)
Ability to multi-task, prioritize, and pivot efficiently
Strong interpersonal, verbal and written communication skills
Strong collaborative team approach with ability to work across multiple internal and external stakeholders
Team player who is able to establish and maintain an effective working relationship with internal and external counterparties

Responsibilities

Review and evaluate new securitized investment opportunities across private and public ABS (including but not limited to CLOs, Fund Finance, Consumer Finance, Physical assets and Digital Infrastructure) and select non‑standard structures, providing clear, independent investment recommendations aligned with ALM, return, liquidity and capital objectives.
Oversee securitized asset portfolios and mandates across the US and Bermuda balance sheets, including: Portfolio construction, deployment and concentration management Performance evaluation versus underwriting assumptions Ongoing monitoring of valuation, market conditions and structural risks Compliance with investment guidelines and portfolio limits
Lead the development and ongoing refinement of investment guidelines for securitized mandates, reflecting structural features, collateral risks, liquidity, capital efficiency and portfolio diversification objectives.
Act as a senior point of contact with third party asset management partners, challenging underwriting standards, risk assumptions, portfolio construction and stress outcomes.
Form independent views on key securitization risk factors, including: Credit performance drivers and downside risks Correlation risks within pools and across portfolios Interest rate, prepayment and extension dynamics Structural leverage, trigger mechanics and tranche‑level sensitivities under stress scenarios
Lead analysis and judgement on non‑standard or esoteric securitizations, identifying key risks, mitigants and conditions required for participation within investment mandates
Oversee execution of investments, secondary activity and portfolio repositioning, working closely with asset managers, legal and operations.
Prepare and present investment recommendations and portfolio insights to internal investment and governance committees.
Coordinate regular portfolio reviews and reporting, ensuring clear articulation of risk drivers, sensitivities and emerging issues.
Work closely with Investment Risk, CIO team, actuarial, finance and legal to ensure securitized portfolios remain aligned with Company objectives and governance standards.
Support new pricing as well as onboarding of new business transactions