Jobs via eFinancialCareers
Fixed Income Portfolio Manager - Financial Reserves Management (FRM) - Wellingto
Jobs via eFinancialCareers, Boston, Massachusetts, us, 02298
Fixed Income Portfolio Manager – Financial Reserves Management (FRM)
Wellington Management Company, LLP – Boston, MA
Jobs via eFinancialCareers
About Us Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long‑term view that aligns our perspectives with those of our clients.
About the Role THE POSITION Wellington (WMC) currently manages $524 billion in fixed income assets on behalf of our clients worldwide. The Financial Reserves Management (FRM) team manages approximately $210 billion in assets. Within our fixed income platform, we are seeking a Fixed Income (FI) Portfolio Manager (PM) to work with the FRM team and help drive the expansion of our suite of investment products to be more dynamic and opportunistic.
This individual will be based in Boston and be responsible for supporting credit portfolio strategies – including investment grade and high‑yield focused portfolios – as well as managing credit holdings across multiple portfolios. The role works closely with a senior credit PM and the broader credit research team to shape and execute investment strategies that reflect both firm‑wide research insights and the specific objectives of FRM custom client mandates.
The portfolio manager will also be a strategic thought partner on the FRM platform, collaborating closely with colleagues to drive product development and manage portfolios. Interaction with clients will occur regularly, positioning the PM as an ambassador for the team.
We are seeking a self‑starter who thrives in a collaborative, entrepreneurial environment and who takes ownership of ideas from conception to implementation. Success in this role will come from intellectual curiosity, a willingness to challenge convention, and a commitment to team‑based problem solving.
Responsibilities
Develop and manage credit strategies across client mandates, customizing portfolios to meet unique client needs.
Lead a process that produces consistent idea generation across a broad set of portfolios and maintain the team’s credit framework.
Evaluate new‑issue and secondary opportunities in IG and HY markets, assessing fundamentals, structure, covenants, and relative value.
Monitor and analyze portfolio credit exposures, identifying deteriorating credits and recommending reallocations as needed.
Integrate credit research insights into sector strategy, portfolio positioning, and security selection.
Partner with portfolio managers and the implementation team to translate top‑down strategy into actionable trades.
Contribute to quarterly sector strategy meetings with IG & HY sector views and recommendations.
Maintain and enhance credit models for relative value, duration, optimization, and credit beta.
Leverage Python and AI tools (e.g., ChatGPT) to accelerate model development and test new investment approaches.
Communicate investment rationale and market perspectives through client write‑ups, presentations, and portfolio reviews.
Qualifications
5–10 years of experience in an investment role, with a strong credit and quantitative portfolio management background.
Proven ability to make successful fixed‑income investment recommendations, supported by rigorous analysis and clear communication.
Strong risk management instincts, with the ability to assess volatile or distressed credits dynamically.
Superior collaboration skills, with a demonstrated ability to partner effectively across portfolio management, research, trading, and client‑facing teams.
Growth mindset and a desire to drive innovation and improve investment processes.
Independent thinker with intellectual curiosity and entrepreneurial drive.
Excellent presentation skills, with the ability to communicate investment strategy and performance to clients and colleagues.
Strong quantitative aptitude and enthusiasm for leveraging technology in the investment process.
Undergraduate degree with a strong academic record; MBA and/or CFA preferred.
Ability and willingness to travel.
Location This position will be based at Wellington’s Global Headquarters in Boston, MA.
Compensation & Benefits Base salary range: USD 120,000 – 225,000 per year. This range is an estimate; additional compensation may include discretionary bonuses and/or incentives. Wellington offers a comprehensive benefits package, including retirement, health, dental, vision, pharmacy coverage, health savings account, flexible spending accounts, commuter program, employee assistance program, life and disability insurance, adoption assistance, backup childcare, tuition/CFA reimbursement, and generous paid time off.
Employees work from the office four days per week with flexible remote work options for one day per week.
Equal Opportunity Statement Wellington Management is an equal‑opportunity employer. We consider all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age, disability, veteran status, or any other legally protected characteristic. Candidates with disabilities may request accommodations by emailing GMWTalentOperations@wellington.com.
Seniority Level
Mid‑Senior level
Employment Type
Full‑time
Job Function
Finance and Sales
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Jobs via eFinancialCareers
About Us Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long‑term view that aligns our perspectives with those of our clients.
About the Role THE POSITION Wellington (WMC) currently manages $524 billion in fixed income assets on behalf of our clients worldwide. The Financial Reserves Management (FRM) team manages approximately $210 billion in assets. Within our fixed income platform, we are seeking a Fixed Income (FI) Portfolio Manager (PM) to work with the FRM team and help drive the expansion of our suite of investment products to be more dynamic and opportunistic.
This individual will be based in Boston and be responsible for supporting credit portfolio strategies – including investment grade and high‑yield focused portfolios – as well as managing credit holdings across multiple portfolios. The role works closely with a senior credit PM and the broader credit research team to shape and execute investment strategies that reflect both firm‑wide research insights and the specific objectives of FRM custom client mandates.
The portfolio manager will also be a strategic thought partner on the FRM platform, collaborating closely with colleagues to drive product development and manage portfolios. Interaction with clients will occur regularly, positioning the PM as an ambassador for the team.
We are seeking a self‑starter who thrives in a collaborative, entrepreneurial environment and who takes ownership of ideas from conception to implementation. Success in this role will come from intellectual curiosity, a willingness to challenge convention, and a commitment to team‑based problem solving.
Responsibilities
Develop and manage credit strategies across client mandates, customizing portfolios to meet unique client needs.
Lead a process that produces consistent idea generation across a broad set of portfolios and maintain the team’s credit framework.
Evaluate new‑issue and secondary opportunities in IG and HY markets, assessing fundamentals, structure, covenants, and relative value.
Monitor and analyze portfolio credit exposures, identifying deteriorating credits and recommending reallocations as needed.
Integrate credit research insights into sector strategy, portfolio positioning, and security selection.
Partner with portfolio managers and the implementation team to translate top‑down strategy into actionable trades.
Contribute to quarterly sector strategy meetings with IG & HY sector views and recommendations.
Maintain and enhance credit models for relative value, duration, optimization, and credit beta.
Leverage Python and AI tools (e.g., ChatGPT) to accelerate model development and test new investment approaches.
Communicate investment rationale and market perspectives through client write‑ups, presentations, and portfolio reviews.
Qualifications
5–10 years of experience in an investment role, with a strong credit and quantitative portfolio management background.
Proven ability to make successful fixed‑income investment recommendations, supported by rigorous analysis and clear communication.
Strong risk management instincts, with the ability to assess volatile or distressed credits dynamically.
Superior collaboration skills, with a demonstrated ability to partner effectively across portfolio management, research, trading, and client‑facing teams.
Growth mindset and a desire to drive innovation and improve investment processes.
Independent thinker with intellectual curiosity and entrepreneurial drive.
Excellent presentation skills, with the ability to communicate investment strategy and performance to clients and colleagues.
Strong quantitative aptitude and enthusiasm for leveraging technology in the investment process.
Undergraduate degree with a strong academic record; MBA and/or CFA preferred.
Ability and willingness to travel.
Location This position will be based at Wellington’s Global Headquarters in Boston, MA.
Compensation & Benefits Base salary range: USD 120,000 – 225,000 per year. This range is an estimate; additional compensation may include discretionary bonuses and/or incentives. Wellington offers a comprehensive benefits package, including retirement, health, dental, vision, pharmacy coverage, health savings account, flexible spending accounts, commuter program, employee assistance program, life and disability insurance, adoption assistance, backup childcare, tuition/CFA reimbursement, and generous paid time off.
Employees work from the office four days per week with flexible remote work options for one day per week.
Equal Opportunity Statement Wellington Management is an equal‑opportunity employer. We consider all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age, disability, veteran status, or any other legally protected characteristic. Candidates with disabilities may request accommodations by emailing GMWTalentOperations@wellington.com.
Seniority Level
Mid‑Senior level
Employment Type
Full‑time
Job Function
Finance and Sales
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