Senior Portfolio Manager
About The Position
The State of Wisconsin Investment Board (SWIB) manages over $178 billion in assets for the Wisconsin Retirement System (WRS), operating at a level comparable to top-tier global asset managers. SWIB is committed to securing the financial future of WRS beneficiaries and offers a modern workspace, hybrid work options, and competitive compensation and benefits in Madison, WI. The Fixed Income Strategies team, which manages over seventeen billion across five portfolios (rates, investment grade and leveraged credit, structured products), integrates fundamental and quantitative insights for both long-only and long/short strategies, emphasizing disciplined portfolio construction, rigorous risk management, and collaborative decision-making. This team is seeking an experienced Senior Portfolio Manager to conduct in-depth fundamental credit analysis across high yield and leveraged loan issuers, produce investment recommendations, and support portfolio construction. The ideal candidate will possess strong analytical rigor, market awareness, and a proven ability to identify relative value opportunities in below-investment-grade debt.
Requirements
- Minimum 10 years of experience in leveraged finance analytics, including advanced financial modeling and valuation skills
- Demonstrated success identifying relative value opportunities within covered sectors
- Strong understanding of credit markets, capital structures and distressed situations
- Broad understanding of global fixed income and capital markets
- Strong ability to collaborate effectively within a small team and across investment disciplines
- Excellent written and verbal communication skills
- Strategic mindset paired with exceptional attention to detail
- Team-oriented professional with a positive, constructive approach
- Proficiency with Bloomberg, Aladdin, or similar tools
- U.S. work authorization
Nice To Haves
- Familiarity with CLOs and private credit preferred
Responsibilities
- Perform investment re search inclusive of credit analysis, deal write-ups, and financial modeling
- Evaluate relative value across bonds, loans, and other credit instruments
- Monitor existing portfolio holdings and provide ongoing risk assessments
- Collaborate with portfolio managers on trade ideas and portfolio positioning
- Engage with traders on market dynamics, liquidity, new issue
- Track market trends, sector developments, and macroeconomic factors impacting credit markets
- Generate written research reports and present investment recommendations to the investment team
- Establish and maintain working re lationships and dialogue with sell-side analysts, company management, industry experts and rating agencies
- Lead, mentor, and develop less seasoned credit analysts
- Partner with quantitative and technology teams to build and enhance research and analytics platforms
- Provide leveraged finance expertise across the firm and participate in cross-market strategies and trades
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
- Relocation reimbursement to the Dane County area per our policy
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
