Maryland.gov
Fixed Income Sr. Portfolio Manager III MSRP (Sr. Portfolio Manager III MSRP)
Maryland.gov, Baltimore, Maryland, United States, 21276
Main Purpose of Job
The Sr. Portfolio Manager III MSRP is responsible for leading the monitoring and due diligence efforts across one or more asset classes, actively sourcing and evaluating investment opportunities, and driving the investment recommendation process. This position responsibilities includes spearheading quantitative modeling research projects and conducting in-depth market analysis to inform tactical positioning strategies aimed at outperforming benchmarks. Additionally, the role contributes to internal management initiatives, supporting broader organizational goals.
POSITION DUTIES The Senior Portfolio Manager will work collaboratively with the Fixed Income team to support the overall investment program :
Perform regular reviews and evaluations, including performance attribution and exposure analysis, of existing investments, including portfolios managed by specialist external managers;
Conduct research to generate investment ideas;
Track and model investment performance and exposures;
Assist in preparing presentation materials for Investment Division staff or for the Board of Trustees’ Investment Committee meetings;
Manage consultant relationships (if needed);
Assist in the development of analysts, associates, and interns;
Assist in the maintenance of records related to investments and;
Contribute to all Fixed Income team objectives as assigned or as needed.
Actively manage and enhance return in securitized portfolios including ABS, CMBS, and MBS.
Demonstrate ability to develop a view on the market, to identify relative value opportunities and makecomprehensive recommendations on specific securities.
Utilize interest rate and prepayment models for the analysis of options adjusted spread, yield, prepayment sensitivity, duration, convexity, and total return profiles.
Trade across securitized sectors, other cash products and certain relevant derivatives.
Apply market knowledge and experience to achieve best execution.
Support the development and implementation of strategies related to the overall fixed‑income investment process, including active participation in relevant meetings.
Communicate routinely with members of the fixed income team and the broader Investments team on capital markets, portfolio characteristics, strategy and tactics (on an as needed basis).
Communicate daily with broker‑dealers, traders and analysts to maintain up‑to‑date knowledge of new developments, including issuance and trading flows. Provide general market color and to disseminate appropriate information to relevant internal groups.
The Senior Portfolio Manager should expect to develop proficiency with Bloomberg analytics, Bloomberg trading facilities, Aladdin Risk system, relevant Fixed Income tools within the Microsoft suite of products and potentially, use Tradeweb, MarketAxess or other tools.
MINIMUM QUALIFICATIONS Education : Graduated from an accredited four‑year college or university with a bachelor’s degree.
Experience : Relevant experience in investments or finance.
DESIRED OR PREFERRED QUALIFICATIONS Preferred candidates will possess the following qualifications :
A CFA designation, post graduate degree or equivalent work experience will provide a strong foundation for success.
Experience at a pension, endowment, foundation, or other institutional investment organization.
Experience with structured product asset classes (ABS, CMBS and MBS) in a portfolio management role and trading role.
Knowledge of securitized risk management; experience trading and hedging MBS derivatives and CMOs, and; performing deep‑dart credit analysis in CMBS and ABS are advantages.
Strong quantitative analysis skills, interpersonal skills and attention to details.
The capacity to use critical thinking to solve problems.
Desirable software skills : Expert level in Microsoft Excel (including tasks’ automation skillset); Word and PowerPoint; Expert Bloomberg (including PORT and AIM); Aladdin user. Familiarity with econometric models used for term structure and prepayment speeds analysis. Experience with Yieldbook, Intex, Trepp, Tradeweb, MarketAxess, R, Python, VBA.
SELECTION PROCESS Please make sure that you provide sufficient information on your application to show that you meet the qualifications for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date.
Due to the confidential nature of the work, selected candidates must undergo and pass a background check.
EXAMINATION PROCESS The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.
For education obtained outside the , a copy of the equivalent American education as determined by a foreign credential evaluation service must be provided prior to hire.
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POSITION DUTIES The Senior Portfolio Manager will work collaboratively with the Fixed Income team to support the overall investment program :
Perform regular reviews and evaluations, including performance attribution and exposure analysis, of existing investments, including portfolios managed by specialist external managers;
Conduct research to generate investment ideas;
Track and model investment performance and exposures;
Assist in preparing presentation materials for Investment Division staff or for the Board of Trustees’ Investment Committee meetings;
Manage consultant relationships (if needed);
Assist in the development of analysts, associates, and interns;
Assist in the maintenance of records related to investments and;
Contribute to all Fixed Income team objectives as assigned or as needed.
Actively manage and enhance return in securitized portfolios including ABS, CMBS, and MBS.
Demonstrate ability to develop a view on the market, to identify relative value opportunities and makecomprehensive recommendations on specific securities.
Utilize interest rate and prepayment models for the analysis of options adjusted spread, yield, prepayment sensitivity, duration, convexity, and total return profiles.
Trade across securitized sectors, other cash products and certain relevant derivatives.
Apply market knowledge and experience to achieve best execution.
Support the development and implementation of strategies related to the overall fixed‑income investment process, including active participation in relevant meetings.
Communicate routinely with members of the fixed income team and the broader Investments team on capital markets, portfolio characteristics, strategy and tactics (on an as needed basis).
Communicate daily with broker‑dealers, traders and analysts to maintain up‑to‑date knowledge of new developments, including issuance and trading flows. Provide general market color and to disseminate appropriate information to relevant internal groups.
The Senior Portfolio Manager should expect to develop proficiency with Bloomberg analytics, Bloomberg trading facilities, Aladdin Risk system, relevant Fixed Income tools within the Microsoft suite of products and potentially, use Tradeweb, MarketAxess or other tools.
MINIMUM QUALIFICATIONS Education : Graduated from an accredited four‑year college or university with a bachelor’s degree.
Experience : Relevant experience in investments or finance.
DESIRED OR PREFERRED QUALIFICATIONS Preferred candidates will possess the following qualifications :
A CFA designation, post graduate degree or equivalent work experience will provide a strong foundation for success.
Experience at a pension, endowment, foundation, or other institutional investment organization.
Experience with structured product asset classes (ABS, CMBS and MBS) in a portfolio management role and trading role.
Knowledge of securitized risk management; experience trading and hedging MBS derivatives and CMOs, and; performing deep‑dart credit analysis in CMBS and ABS are advantages.
Strong quantitative analysis skills, interpersonal skills and attention to details.
The capacity to use critical thinking to solve problems.
Desirable software skills : Expert level in Microsoft Excel (including tasks’ automation skillset); Word and PowerPoint; Expert Bloomberg (including PORT and AIM); Aladdin user. Familiarity with econometric models used for term structure and prepayment speeds analysis. Experience with Yieldbook, Intex, Trepp, Tradeweb, MarketAxess, R, Python, VBA.
SELECTION PROCESS Please make sure that you provide sufficient information on your application to show that you meet the qualifications for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date.
Due to the confidential nature of the work, selected candidates must undergo and pass a background check.
EXAMINATION PROCESS The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.
For education obtained outside the , a copy of the equivalent American education as determined by a foreign credential evaluation service must be provided prior to hire.
#J-18808-Ljbffr