Credit Investment Group Portfolio Manager

Your role involves designing and implementing investment strategies for leveraged loans and high yield bonds, ensuring optimal risk‑adjusted returns within the fund's mandate. You will manage exposures across CLOs and loan accounts, considering liquidity, credit quality, and sector diversification. Conduct thorough credit analysis on potential investments, including reviewing financial statements, covenant structures, and market positioning. Assess issuer risk and make recommendations based on creditworthiness and expected performance. Execute buy and sell orders for leveraged loans and high yield bonds, maintaining appropriate documentation and ensuring compliance with internal and regulatory guidelines.

Monitor portfolio risk metrics, including exposure concentrations, ratings migration, and default probabilities; implement hedging strategies as needed and proactively manage risks associated with CLO structures and underlying assets. Track portfolio performance, benchmark against relevant indices, and prepare detailed reports for internal stakeholders and external investors; provide updates on market conditions, portfolio positioning, and anticipated changes. Ensure all portfolio activities comply with applicable regulations, fund documentation, and internal policies; collaborate with compliance teams to maintain best practices and address regulatory changes.

Support investor communications, including responding to queries, preparing presentations, and participating in due diligence meetings; articulate fund strategy, performance, and outlook clearly and professionally. Work closely with analysts, traders, operations, and risk teams to ensure seamless management of the portfolio; mentor junior team members and foster a culture of excellence and integrity.

Your expertise: Extensive experience in credit investing, with a focus on leveraged loans, high yield bonds, and structured products such as CLOs. Strong analytical and quantitative skills; proficiency in credit modelling, scenario analysis, and financial statement review. In‑depth understanding of loan documentation, covenants, and market practices in leveraged finance. Demonstrated ability to manage complex portfolios and make investment decisions under pressure. Excellent communication and presentation skills, with experience engaging institutional investors. Familiarity with relevant regulatory frameworks and compliance requirements. Degree in finance, economics, or a related field; professional qualifications (e.g., CFA) preferred. Decisive and commercially astute, with a strong sense of fiduciary responsibility. Collaborative approach and ability to work effectively within cross‑functional teams. High ethical standards and commitment to transparency. Adaptability to changing market conditions and regulatory environments.

Your team: The Credit Investments Group (CIG), a business unit within the Investments division of UBS Asset Management, is an industry leader in managing over $57 billion in non‑investment grade credit assets across bank loan, high yield bond and structured product portfolios. CIG is one of the largest leveraged credit managers in the US and Western Europe, with an accomplished full‑service group of dedicated career credit professionals located in New York, London and Zurich. The investment process is predicated on bottom‑up credit selection, which has generated favourable risk‑adjusted returns with lower relative volatility than the benchmark for the last 25 years.

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

Your Career Comeback: We are open to applications from career returners. Find out more about our program at ubs.com/careercomeback.