Asset Management - GFICC- EMD LOCAL Portfolio Manager- Vice President in London

The Global Fixed Income, Currency and Commodities team (GFICC) at J.P. Morgan Asset Management is one of the world's deepest and best-resourced fixed income managers, with expertise across all major fixed income sectors, including niche markets. Every investment decision in our fixed income solutions is underpinned by the proprietary research of a globally integrated team of sector specialists. Our shared research language, combining fundamental, quantitative valuation and technical inputs, facilitates the comparison of ideas across sectors and geographies.

Role Summary: Own the generation, evaluation, and implementation of investment ideas in Emerging Markets (EM) local rates and currencies to deliver excess returns consistent with the portfolios' risk budgets, investment guidelines, and benchmark constraints. Develop and articulate macro and market views across assigned EM countries/regions, and translate those views into portfolio positioning recommendations. Collaborate across the Global Fixed Income, Currency & Commodities (GFICC) platform to incorporate cross‐sector insights into EM Local portfolios and to communicate the EM Debt (EMD) team's house view to internal stakeholders.

Key Responsibilities:

• Idea Generation and Implementation: Source, structure, and execute trade ideas across EM local curves and relative value expressions, targeting alpha within defined risk limits and liquidity parameters. Manage positions through the full lifecycle: entry, risk calibration, performance attribution, and exit, with clear documentation of thesis, catalysts, and risk factors. Optimize country and curve exposures (e.g., duration, DV01 allocation, curve shape, breakevens) in line with portfolio objectives and client guidelines.
• Macro and Country Coverage: Maintain and present a rigorous macro framework for assigned EM countries/regions. Produce timely, high‐conviction recommendations informed by data, policy trajectories, and market technicals; update views as catalysts evolve.
• Cross-Platform Collaboration: Partner with global rates, FX, credit, and quant teams to integrate cross‐asset insights into EM Local portfolios. Communicate the EMD team's views to portfolio managers, traders, and client‐facing teams; contribute to investment committees and risk forums.
• Risk Management and Governance: Adhere to portfolio guidelines, risk budgets and compliance requirements; ensure positions align with approved mandates and liquidity profiles. Monitor and report key risk metrics (e.g., tracking error, VaR, stress, scenario/sensitivity analysis); elevate deviations promptly and propose mitigation actions. Contribute to formal performance attribution and post‐trade reviews, including lessons learned and process improvements.
• Research, Tools, and Process: Build and maintain models, dashboards, and datasets supporting signal generation, valuation and risk monitoring (e.g., carry/roll, term premium, fair‐value frameworks). Leverage coding and LLM‐based tools to accelerate research, backtesting and documentation while adhering to data governance standards.

Decision Remit and Scope:

• Primary decision remit: Propose and size trades within the EM Local rates opportunity set; implement trades subject to portfolio manager approval and risk limits.
• Coverage scope: Assigned EM countries/regions in EMEA and/or broader EM as determined by the team; may shift as team needs evolve.
• Risk parameters: Operate within pre‐agreed risk budgets (e.g., DV01, tracking error, country limits) and liquidity thresholds; comply with client and regulatory constraints.

Required Qualifications, Capabilities and Skills:

• 5-10 years of experience managing or taking risk in EM local rates, including hands‐on execution in government bonds and interest rate derivatives.
• Demonstrated track record of alpha generation and sound risk management under varying market regimes.
• Strong macroeconomic grounding and fixed income market expertise (policy analysis, inflation dynamics, market microstructure).
• Proficiency with analytical toolsets and coding for research and monitoring (e.g., Python, R, or similar), and effective use of large language models for workflow acceleration.
• Excellent communication skills, with the ability to present views, trade rationales and risk assessments clearly to investment committees and stakeholders.
• High attention to detail and strong organizational skills with the ability to prioritize and execute in a fast‐paced, multi‐tasking environment.

Preferred Qualifications, Capabilities and Skills:

• Degree in economics, finance, applied mathematics, or a related quantitative field; advanced degree or relevant certifications (e.g., CFA) are a plus.
• Direct risk‐taking background (e.g., trading, portfolio management, hedge fund desk analysis) in EMEA rates.
• Familiarity with portfolio construction techniques (e.g., risk budgeting, factor exposures, optimization) and performance attribution frameworks.

Success Measures:

• Consistent excess return generation within risk budgets and drawdown limits.
• High‐quality investment memos and country updates with clear catalysts and risk scenarios.
• Effective collaboration and timely dissemination of views across the platform.
• Robust risk oversight evidenced by clean audit/compliance reviews and disciplined trade documentation.

Work Model and Reporting:

• Reports to: EM Debt Portfolio Manager/Head of EM Local Rates.
• Location: London; some travel for on‐site meetings, conferences and due diligence may be required.

Equal Opportunity Employment: We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.