Senior Investment Grade Portfolio Manager, Public Markets

• Own portfolio management, investment and trading decisions within agreed mandates and governance frameworks
• Manage investment-grade credit exposures across financial and corporate sectors in GBP, EUR and USD markets
• Manage specialist asset classes with external asset managers, including US Municipals and Emerging Markets strategies
• Deliver recurring trading benefits through a Solvency II balance sheet lens
• Generate value-accretive investment ideas and proactively manage credit risk across annuity portfolios
• Drive portfolio construction, optimisation and risk management across investment-grade credit portfolios
• Support portfolio construction and optimisation throughout the lifecycle of Pension Risk Transfer transactions
• Maintain asset-pricing capabilities supporting origination
• Collaborate with Public Markets, Private Markets, Macro Markets, ALM, Research, Strategy and PRT Origination teams
• Build and maintain relationships with bank counterparties and external asset managers
• Evaluate investment opportunities across specialist credit strategies
• Ensure investment and trading activity follows governance frameworks, risk limits and internal protocols
• Communicate investment views, portfolio risks and market opportunities through governance forums and committees
• Provide leadership, coaching and development support to colleagues

Requirements

• Extensive experience managing investment-grade credit portfolios
• Deep expertise across fixed income markets, including financial and corporate bonds, government debt, private placements and structured credit
• Strong understanding of insurance asset management
• Understanding of Solvency II, UK Matching Adjustment requirements and balance sheet optimisation within annuity portfolios
• Proven experience managing risk, delivering performance and executing transactions directly with market counterparties
• Experience across GBP, EUR and USD markets
• Strong portfolio construction, optimisation and dynamic risk management expertise
• Understanding of economic and regulatory balance sheet metrics, capital efficiency and IFRS17 outcomes
• Strong analytical and research capabilities
• Degree qualified in Finance, Economics, Mathematics, Business or a related discipline
• CFA Charterholder or equivalent professional qualification preferred
• Experience of Aladdin, Python or other investment technology platforms advantageous
• Ability to communicate complex investment issues clearly and concisely
• Strong commercial judgement, market awareness and stakeholder influence

Core Competencies

Demonstrates extensive expertise in managing investment-grade credit portfolios, with a strong focus on portfolio construction, optimisation, and risk management. Proficient in navigating fixed income markets and regulatory frameworks, while effectively communicating complex investment strategies and insights.

Highest-signal resume keywords

• Investment-Grade Credit Portfolio Management
• Fixed Income Market Expertise
• Solvency II Understanding
• Portfolio Construction and Optimisation
• CFA Charterholder

Hard Skills

• Credit Risk Management
• Investment Analysis
• Performance Delivery
• Transaction Execution
• Dynamic Risk Management
• Analytical Capabilities
• Market Awareness

Soft Skills

• Communication Skills
• Commercial Judgement
• Stakeholder Influence
• Leadership and Coaching

Certifications & Qualifications

• CFA Charterholder
• Degree in Finance
• Degree in Economics
• Degree in Mathematics
• Degree in Business

Industry Keywords

• Investment Management
• Pension Risk Transfer
• Structured Credit
• Corporate Bonds
• Government Debt
• Private Placements
• Regulatory Compliance
• Capital Efficiency
• IFRS17
• GBP, EUR and USD Markets

Tools & Technologies

• Aladdin
• Python