Senior Investment Grade Portfolio Manager, Public Markets in London

This role will be based in our London office with some flexibility to work between the office (min. 3 days per week) and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process.

Salary and Benefits: from £160,000+ (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

A rare opportunity for an experienced fixed income portfolio manager to influence investment strategy, trading activity and portfolio performance at significant scale. Standard Life is entering an exciting new phase of growth. Following the recent expansion of our Pension Risk Transfer (PRT) business through strategic partnerships with CVC, Prudential Financial, Goldman Sachs and MS&AD, supported by an initial capital commitment of up to £2 billion, we continue to invest in the long-term growth of our retirement business and investment capabilities.

We are seeking a highly experienced Senior Investment Grade Portfolio Manager to join our Public Markets team. This senior front-office role will manage a substantial annuity-backed credit portfolio, combining portfolio construction, dynamic risk management and direct transaction execution across global fixed income markets.

The successful candidate will bring extensive experience managing investment-grade credit portfolios, combined with deep expertise across fixed income markets, including financial and corporate bonds, government debt, private placements and structured credit. Equally important is a very strong understanding of insurance asset management, including the application of Solvency II, UK Matching Adjustment requirements and balance sheet optimisation within annuity portfolios.

Working closely with colleagues across Investments, ALM, Research, Strategy and PRT Origination, you will play a pivotal role in portfolio management, investment decision-making and transaction execution, helping to support the continued growth of one of the UK's leading retirement businesses.

The Public Markets team is responsible for the management, optimisation and risk oversight of Standard Life's annuity-backed Public Credit portfolio. Managing a globally diversified Investment Grade portfolio, the team focuses on credit portfolio construction, Solvency II optimisation, balance sheet efficiency and long-term risk-adjusted performance.

As Senior Investment Grade Portfolio Manager, you will be responsible for portfolio management and trading activity across the team's mandate, investing across multiple legal entities and supporting both direct and indirect origination channels, including our recently launched Standard Life PRT Solutions platform.

This role combines portfolio management, credit investing and trading expertise with a strong understanding of insurance balance sheet management. You'll be responsible for delivering investment performance, managing risk, identifying value-accretive trading opportunities and supporting portfolio optimisation across a complex annuity-backed investment portfolios.

Key Responsibilities:

• Own portfolio management, investment and trading decisions within agreed mandates and governance frameworks, from idea generation and investment decision-making through to market execution.
• Manage investment-grade credit exposures across financial and corporate sectors, principally within GBP, EUR and USD markets.
• Deliver recurring trading benefits through a Solvency II balance sheet lens, generating value-accretive investment ideas and proactive credit risk management across annuity portfolios.
• Drive portfolio construction, optimisation and risk management activity across Standard Life's investment grade credit portfolios.
• Support portfolio construction and optimisation activities throughout the lifecycle of PRT transactions.
• Build and maintain strong relationships with bank counterparties, including syndicate, debt capital markets, sales and trading teams.
• Promote high standards of conduct, control awareness and operational discipline.
• Provide leadership, coaching, development and growth support to colleagues helping create a high-performing and collaborative team environment.

What We're Looking For:

• Deep, practical expertise managing portfolios across investment-grade financial and corporate bonds, government debt, structured credit, private placements, quasi-sovereigns, illiquid assets and hedging derivatives.
• Experience operating within an insurance asset management environment, with a strong understanding of Solvency II, UK Matching Adjustment requirements, balance sheet optimisation and buy-and-maintain investment strategies.
• A proven track record of managing risk, delivering performance and executing transactions directly with market counterparties across investment grade credit portfolios in GBP, EUR and USD markets.
• Strong analytical and research capabilities, with a proven ability to evaluate investment opportunities, portfolio risks and performance outcomes.

This is an opportunity to join a business with significant momentum, long-term backing and a clear ambition for growth. We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds.