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DATE ADDED: Fri 17/01/2020

Senior Credit Portfolio Manager

London, UK
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COMPANY: LAZ PARTNERS

JOB TYPE: Permanent, FullTime

SALARY: £130k-£160k base + 70%-100%+ bonus

Senior Credit Portfolio Manager

We are working with a leading global asset manager that is looking to hire an experienced Credit Portfolio Manager. The selected candidate will be the lead or named manager for a range of sophisticated, outcome-driven credit portfolios across the global credit universe (GBP/USD/EUR).

In this role, you will be mostly be managing IG (investment grade) credit portfolios, with some mandates having the flexibility to include HY and potentially even EM credit. The investment processes of the team are focused on harvesting credit risk premium (through investing in credits that could be held to maturity), with mandates that allow  active management of those positions at the issuer level and  provide discretion to move up and down the curve. Some portfolios have no turnover restrictions, while others are more focused on a low turnover approach.

This person will be joining a well-positioned team (over £40bn AUM) of 5 people in London (which is the core of a global team) that has the infrastructure, experience and distribution platform in place to win business and become a market-leading franchise.

A strong understanding of the global credit universe is important (previous experience as a credit analyst is a big plus), as well as an interest in client interaction and ESG.

Responsibilities

  • Management of Credit portfolios across a range of strategies, with performance assessed against relevant credit and client metrics & objectives
  • Working closely with the Solutions team to design and implement bespoke portfolios for insurers and pension schemes, reflecting their capital, solvency and profitability metrics and restrictions on their investable universe
  • Analysing market conditions and understanding the investment environment in order to develop informed and measured investment opinions
  • Having clarity of the restrictions and guidelines in place for funds managed and acting as a role model to younger members of the team
  • Coming up with new ideas and challenging the status quo
  • Mentoring junior colleagues using effective people management skills
  • Developing relationships with colleagues across the business and externally to formulate investment strategies and develop suitable product range.
  • Working alongside Sales/Business Development with both existing and prospective clients to retain existing mandates and win new business
  • Taking into account ESG considerations as part of portfolio management responsibility

Requirements

  • A proven track record of performance in credit portfolio management over several years
  • Strong understanding of global credit markets, including knowledge of specific issuers and sectors within the IG space (some HY knowledge is also a plus)
  • Previous experience investing against client objectives (ie. solutions-driven approach)
  • Experience managing global portfolios across multiple currencies is a big plus (especially GBP, USD, EUR)
  • Previous experience managing credit portfolios that are benchmark agnostic and tailored to specific client requirements
  • Able to establish priorities and use independent judgment to make reasoned investment decisions.
  • Experience and an understanding of managing credit portfolios for regulated pension and/or insurance clients (preferred but not required)
  • Up-to-date expert knowledge of relevant software used for investment analysis.
  • All necessary regulatory approvals.
  • CFA certified (preferred)

Key Selling Points:

  • This person will be joining a well-positioned team of 5 people in London (which is the core of a global team) that has the infrastructure, experience and distribution platform in place to grow and become a market-leading franchise.
  • Senior and influential role that will involve client interaction, as well as the ability to help shape the future of the team, including product offerings and hiring
  • Lead PM responsibility for several sophisticated and complex client accounts, ranging from active (no turnover restrictions, duration-neutral) to lower turnover portfolios with more restrictions in place
  • Exciting opportunity for anyone who wishes to express active views without being assessed against a benchmark (portfolios are benchmark-agnostic and vary depending on client)
  • Mandates can invest across the global credit universe – GBP, EUR, USD
  • Firm is doing well financially and growing across nearly all areas. Good CEO in place and extensive investment in technology and infrastructure
  • Collegial work culture and high employee satisfaction rate
  • Large firm-wide focus on integrating ESG into investment processes
  • The team has a newly appointed head (promoted internally) and has recently made a couple of very good hires that will position the business to continue growing
  • Senior and influential role that will involve client interaction, as well as the ability to help shape the future of the team, including product offerings and hiring
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