Do you have a passion for fixed income markets, interest rate derivatives, and data-driven investing? We are looking for a motivated and analytically driven individual with a strong interest in both rates and agency mortgage-backed securities (MBS) to join our team of dedicated investment professionals within Swiss Re's Asset Management (AM) unit. This role is an exciting opportunity to work in a dynamic and intellectually challenging environment at the intersection of macroeconomics, market structure, and quantitative investing.
About the Role
As a Junior Fixed Income Portfolio Manager on the Rates and ALM (Asset Liability Management) team, you will join a team of Portfolio Managers focused on Swiss Re's government and government-related fixed income portfolios - including Treasuries, interest rate derivatives, and agency MBS. You will be engaging in quantitative investment analysis, portfolio construction, and trade execution, leveraging data-driven insights to support investment decisions.
This role offers a blend of exposure to both interest rate markets and agency MBS, and will include building quantitative tools, analyzing market developments, and actively supporting daily portfolio management processes.
Key Responsibilities include the following:
- Alongside Senior Portfolio Managers, execute trades across government bonds, agency mortgage-backed securities, interest rate swaps, futures, and other fixed income derivatives, ensuring smooth trade operations.
- Support trade booking, performance reporting, reconciling profit and loss figures, and preparing investment presentations.
- Conduct quantitative investment analysis and portfolio construction across government and agency MBS markets, including scenario testing, curve and spread modeling, and prepayment analysis.
- Analyze yield curve dynamics, and agency MBS TBA/Specified pools, track macroeconomic indicators, and assess relative value opportunities across rates markets.
- Develop and enhance Python-based automation for data analysis, portfolio monitoring, and trade execution insights, integrating Bloomberg API for real-time market tracking.
- Monitor daily portfolio risk metrics, ensuring accurate reconciliation of market movements with portfolio strategy and performance.
- Attend meetings with investment bank economists and strategists to gather insights, analyze market trends, and contribute to investment discussions.
About You
A quantitatively inclined, self-motivated individual with a strong focus on building a career in fixed income trading and portfolio management, you have a solid understanding of financial markets, macroeconomic trends, and government spread products, including mortgage-backed securities (MBS). You are skilled in data analysis, solving complex investment problems, and contributing to high-performance teams.
You are proactive, organized, and able to manage competing priorities in a fast-paced, market-driven environment. Team-oriented, you have ability to interact effectively across functions and seniority levels. Your strong written and verbal communication skills enable you to explain data-driven insights to broader audience with ease.
Additional key skills and competencies you will need:
- Bachelor's degree in Finance, Economics, Mathematics, or a related analytical field; progress toward a professional designation (e.g., CFA) is a plus.
- Up to 3 years of experience in fixed income trading, quantitative investment research, or asset-liability management, preferably within a bank, asset manager, or insurance company.
- Strong programming and data analysis skills; proficiency in Python and Excel required; familiarity with Bloomberg, Aladdin, or other risk systems is a plus.
- In-depth understanding of financial markets, including rates, mortgage-backed securities (MBS), yield curves, and derivatives.
- Experience in quantitative modeling, statistical analysis, or portfolio construction within a trading or investment environment.
About the Team
The Rates and ALM team is a globally distributed team of 10 investment professionals located in New York, London and Hong Kong and is part of the overall Client, Steering & ALM team. We are a core function within Swiss Re Asset Management, responsible for managing fixed income portfolios for internal Swiss Re clients (SR's global legal entities). The team consists of portfolio managers trading in government bonds, agency mortgages, inflation linked securities, and associated derivatives for Swiss Re across a global portfolio. This position would focus primarily on North American fixed income markets, reporting to the Co-Head of Global Rates and ALM.
The estimated base salary range for this position is $96,000 to $156,000. The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.
About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.
During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.
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