Associate Portfolio Manager – Securitized Products (RMBS Focus)
A well-regarded, independent fixed income asset manager is hiring an Associate Portfolio Manager to support a team focused on non-agency residential mortgage credit.
In this role, you’ll partner with senior PMs and analysts to help shape investment decisions across residential mortgage credit strategies, with genuine input into portfolio construction, risk management, and idea generation from day one.
Responsibilities:
- Contribute trade ideas and help execute them across multiple fixed income portfolios
- Work alongside PMs, analysts, and traders to identify and prioritize attractive risk-adjusted opportunities
- Track portfolio risk positioning against target parameters
- Build return and risk projections, including scenario and simulation analysis
- Form and document views on relative value across the sector
- Oversee trade execution from setup through post-trade review
- Develop and maintain relationships with street-side trading and banking contacts
- Work closely with research to translate fundamental analysis into portfolio action
Background needed:
- Roughly 5-10 years in mortgage credit research, trading, or portfolio management
- Solid handle on the residential mortgage credit space and the forces driving it (prepayment behavior, credit trends, rate sensitivity)
- Strong quantitative toolkit – comfortable with duration, convexity, and credit risk modeling
- Bachelor’s degree; CFA or progress toward it a plus
- Strong Excel skills; exposure to Bloomberg, Intex, or similar analytics tools helpful
A great fit for someone who wants real ownership of investment decisions within a collaborative, active-management culture at a firm with a long track record in the space.
Reach out to [email protected] for a confidential conversation.
