Strategy Specialist (Fixed Income)
Duties: Support Fixed Income & Credit group by providing quantitative analysis for the interest rate, foreign exchange, and credit sectors of global fixed income markets. Conduct fundamental analysis of bonds and equities including financial statement analysis, competitive analysis, economic and regulatory analysis, and management analysis to identify investment opportunities and risks. Help construct and maintain analytical tools and models utilizing computer software including (but not limited to) Bloomberg, Excel, Thomson Reuters Datastream, Haver Analytics. Analyze and research fixed income investment products and strategies including mutual funds, index funds, separately managed accounts, individual securities, and derivatives. Assist in the design, construction, and maintenance of a comprehensive asset class framework that institutionalizes the PB-CIO Team’s philosophy and approach to fixed income investing within a global multi-asset portfolio process. Conduct primary market analysis of new bond issuance patterns as well as supply and demand trends across global markets. Provide comprehensive valuation analysis of corporate sectors, issuers, and securities to estimate the impact of economic and business cycle conditions, credit fundamentals, and technical market factors on nominal and option-adjusted spreads, credit curves, and yields. Perform trade flow and liquidity analysis of markets, issuers, securities, and investment products. Leverage internal and external resources to monitor global capital market conditions, identify significant themes and trends, and target specific investment opportunities/risks. Perform sensitivity and optimization analysis on existing and prospective positions to assess suitability and estimate portfolio risk. Perform advanced attribution analysis including factor-based modeling to identify and measure key structural drivers of performance and volatility. Suggest comprehensive risk management strategies to isolate and adjust portfolio-level exposure to key factors including credit risk, currency risk, inflation risk, interest rate risk, liquidity risk, and reinvestment risk. Help design and propose specific Fixed Income strategies and recommendations to the PB-CIO Team for implementation across discretionary multi-asset client portfolios. Represent Associate population (800+) at internal Global Associate Council. Attend investment management industry conferences. Recruit and interview candidates.
Minimum education and experience required: This position requires a Bachelor’s degree in Finance, Economics, Business Administration, Accounting, or related field of study plus five (5) years of experience in the job offered or five (5) years of experience as Financial/Banker Analyst, Strategy Specialist, Fixed Income Researcher, or related occupation.
Skills Required: This position requires five (5) years of experience with database management. This position requires four (4) years of experience with the following skills: building and maintaining analytical tools and financial and valuation models utilizing computer software; analyzing and researching fixed income investment products and strategies including mutual funds, index funds, separately managed accounts, individual securities, and derivatives; Bloomberg; ThomsonReuters; Capital IQ; Haver Analytics; MS Office suite; conducting financial statement analysis on bonds and equities; primary and secondary fixed income and equity market analysis; portfolio performance attribution and risk measurement; global fixed income index analytics; foreign exchange hedging; fixed income derivatives; fundamental and quantitative analysis of global capital markets (including equities, fixed income, interest rates, and foreign exchange); and leveraging internal and external resources to monitor global capital markets conditions. This position requires one (1) year of experience with the following skills: corporate and sovereign credit analysis; programming; portfolio construction and optimization using market-based benchmarks, commercial indices, customized data series, and existing and prospective strategies and vehicles; security level valuation; evaluating economic data and conducting competitive analysis, economic and regulatory analysis, and management analysis on bonds and equities; and making trade recommendations to global multi-asset class portfolios.