Assistant Portfolio Manager

About Schroders

We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have around 5,000 people on six continents. And we’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn’t change is our commitment to helping our clients and society prosper.

The Base

We are based at 7 Bryant Park in the heart of NYC. And we have everything we need to work flexibly. We operate a hybrid working model, with a requirement that our Assistant Portfolio Manager, Securitized Products be in the office 3 days per week. This is to sustain our culture of innovation, collaboration, knowledge sharing, and building relationships within the business.

The Team

This is an opportunity to work interdependently with an engaged team that sits within a global Fixed Income function at a global asset management firm. 

Position Overview

The Assistant Portfolio Manager provides operational and analytical support to portfolio managers on the US Multi Sector Team, with a focus on securitized products. The focus of this role is bond selection and strategy within the securitized product space and ensuring that investment strategies are accurately implemented in the portfolios. Other responsibilities include assessing the fundamentals and the technicals, assisting in analysis, data aggregation, stress testing, trade entry, performance attribution and monitoring. 

A successful Assistant Portfolio Manager should develop into a contributor to the portfolio strategy formulation process along with interacting with analysts and senior PMs on security selection decisions. For the right candidate this provides the potential of a path towards a portfolio manager position.

Responsibilities

• Support USMS portfolio team by providing general assistance in all aspects of the portfolio management cycle including daily tasks as well as long term projects
• Review and organize data on various types of securitized assets, including Agency MBS, Agency CMBS, CLOs and high quality liquid ABS
• Focus on sourcing, analysis and execution of Agency MBS specified pools and other securitized products
• Focus on fundamentals and technicals of the Agecny MBS market and other securitzed products and those contributions to valuations
• Help develop surveillance/monitoring reports to assess ongoing performance versus original expectations (such as prepayment speed expectations)
• Monitor portfolios’ position weights and risk analytics compared to benchmarks and targets. Highlight deviations and create orders to rebalance portfolios
• Monitor portfolio positions and trade orders for compliance with client guidelines
• Monitor and manage portfolio key rate durations
• Manage portfolio cash balances and ensure cash balances are consistent with product guidelines and current investment strategy
• Coordinate with the trading desk on trading programs & monitor trade executions
• Review and resolve compliance breaches
• Work with Product team to provide portfolio and investment related information to clients in the form of presentations, written commentaries and responses to ad hoc requests
• Establish and maintain relationships with other departments internally, including Compliance, Sales, Marketing, and Investment

Basic Qualifications

• Bachelor’s degree
• 3-7 years’ experience in investment management, trading, or structuring of securitized products
• Experience with loan level data analysis and default and prepayment models
• Excellent verbal and written skills
• Personable and team-oriented
• Proficient in MS Office, Bloomberg

Preferred Qualifications

• Proficient in Aladdin
• CFA holder or candidate
• Advanced Excel and financial modeling skills
• Coding experience Python, R, VBA

Compensation

Schroders offers a base salary in a range of $150,000 to $170,000 for this position.

The referenced salary range is based on the Company's good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level.

Schroders Purpose

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture can help us achieve this goal. We are a proud equal opportunity employer and ensure fair employment practices without regard to race, color, national origin, age, disability, sex, sexual orientation, gender identity, religious beliefs, veteran status, or any other protected characteristics to continue fostering an inclusive, diverse workplace.
 
Schroders endeavors to make our careers website accessible to all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact HR at 212-641-3800 or simpersonnel@us.schroders.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.