CFA Institute
Associate Portfolio Manager - Agency MBS
CFA Institute, Chicago, Illinois, United States, 60290
Overview
The Associate Portfolio Manager works as part of a team supporting Senior Portfolio Managers to invest client portfolios consistent with LGIMA’s investment strategy views.
Responsibilities
Monitor portfolio position weights and risk analytics compared to benchmarks and targets.
Construct trade orders to be executed.
Execute trade orders as directed by Senior Portfolio Managers.
Monitor portfolio positions and trade orders for compliance with client guidelines.
Generate purchase or sell orders to meet client contributions or withdrawals.
Manage portfolio cash balances and ensure cash balances are consistent with product guidelines and current investment strategy.
Review and resolve any potential post trade compliance breaches.
Liaise with other departments internally, including Legal/Compliance, Sales/Marketing, and Investment Operations.
Understand investment decisions derived from Credit strategy meetings with respect to implementation activities.
Prepare for client onboarding by preparing buy lists based on target portfolios.
Work closely with Senior Portfolio Managers on portfolio construction and monitoring.
Collaborate with Senior Portfolio Managers on creating marketing presentations and reports for clients.
Qualifications
Strong Bloomberg and Excel skills required.
Developed understanding of Fixed Income basics (e.g. duration, convexity, etc.).
Experience working with MBS analytics systems including Yield Book.
Basic understanding of the drivers of mortgage valuations and relative value.
General understanding of mortgage prepayments and their key drivers.
Basic understanding of mortgage risk measures and their applications.
Experience trading and/or working on portfolio management for agency MBS products.
Preferred experience working with an in-house mortgage database or third party mortgage data tools such as 1010data, CPR&CDR Technologies or RiskSpan.
Preferred experience using trade platforms such as Marketaccess & Tradeweb.
Preferred understanding of securitized credit products such as Asset-backed securities, Commercial Mortgage Backed Securities, Non-Agency Residential Mortgage Backed Securities, and Collateralized Loan Obligations.
Ability to work accurately under pressure and time constraints and to multi-task well.
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The Associate Portfolio Manager works as part of a team supporting Senior Portfolio Managers to invest client portfolios consistent with LGIMA’s investment strategy views.
Responsibilities
Monitor portfolio position weights and risk analytics compared to benchmarks and targets.
Construct trade orders to be executed.
Execute trade orders as directed by Senior Portfolio Managers.
Monitor portfolio positions and trade orders for compliance with client guidelines.
Generate purchase or sell orders to meet client contributions or withdrawals.
Manage portfolio cash balances and ensure cash balances are consistent with product guidelines and current investment strategy.
Review and resolve any potential post trade compliance breaches.
Liaise with other departments internally, including Legal/Compliance, Sales/Marketing, and Investment Operations.
Understand investment decisions derived from Credit strategy meetings with respect to implementation activities.
Prepare for client onboarding by preparing buy lists based on target portfolios.
Work closely with Senior Portfolio Managers on portfolio construction and monitoring.
Collaborate with Senior Portfolio Managers on creating marketing presentations and reports for clients.
Qualifications
Strong Bloomberg and Excel skills required.
Developed understanding of Fixed Income basics (e.g. duration, convexity, etc.).
Experience working with MBS analytics systems including Yield Book.
Basic understanding of the drivers of mortgage valuations and relative value.
General understanding of mortgage prepayments and their key drivers.
Basic understanding of mortgage risk measures and their applications.
Experience trading and/or working on portfolio management for agency MBS products.
Preferred experience working with an in-house mortgage database or third party mortgage data tools such as 1010data, CPR&CDR Technologies or RiskSpan.
Preferred experience using trade platforms such as Marketaccess & Tradeweb.
Preferred understanding of securitized credit products such as Asset-backed securities, Commercial Mortgage Backed Securities, Non-Agency Residential Mortgage Backed Securities, and Collateralized Loan Obligations.
Ability to work accurately under pressure and time constraints and to multi-task well.
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