Fixed Income High Yield Portfolio Manager & Credit Analyst, 100% (f/m/d)

CH10 - BJB Bank Julius Baer & Co. Ltd.; Zürich; On-site; CHF 180,000 - 240,000; Full time

Job summary

Julius Baer Group in Zurich seeks a seasoned fixed income high yield fund manager/credit analyst to co-manage the Global Quality High Yield UCITS fund and discretionary mandates. You will primarily target US and European high yield markets, with potential emerging markets exposure, focusing on bottom-up credit selection and risk-aware portfolio construction.

The role requires five years of experience, a Master’s degree, and strong analytical, communication, and client-facing abilities.

Qualifications

• University Master’s degree required; CFA designation advantageous.
• Minimum five years of experience in fixed income high yield fund management or credit analysis.
• Strong credit analysis, market research, and portfolio construction skills.
• Excellent communication, presentation, and client-facing abilities.
• Proficiency with Bloomberg and investment systems is essential; programming knowledge a plus.

Responsibilities

• Co-manage the Julius Baer Global Quality High Yield UCITS fund and discretionary mandates.
• Focus on US and European high yield markets with possible emerging markets exposure.
• Drive risk-adjusted performance and benchmark/peer comparison.
• Lead credit selection for discretionary mandates and perform bottom-up and top-down analysis.
• Collaborate with governance committees and contribute to investor communications and reports.

Skills

Strong communication

Client interaction

Analytical thinking

Ability to work under pressure

Strategic mindset

Education

Master’s degree

CFA designation advantageous

Tools

Bloomberg

Asset and Investment Manager systems

MS Excel

MS PowerPoint

Python or programming languages

Job description

YOUR CHALLENGE

About the team The CIO Office Global Fixed Income team is responsible for managing the Bank’s global fixed income funds and fixed income discretionary mandates. As the fixed income asset class competency centre, the team supports the Group Chief Investment Officer, the Investment Committee, and the CIOO Global Equity and Fixed Income sub-division. Our 16 specialists, based in Switzerland, combine the best of institutional and private wealth management processes, talent, and execution. Fully aligned with client interests, the team manages fixed income mandates, building-block investment funds, and certificates within a single, performance-focused group that has delivered strong risk-adjusted returns. The Global Quality High Yield desk holds performance responsibility for the high yield fixed income asset class, executed through mutual funds and managed mandates. The desk focuses on liquid, quality high yield bond markets globally and manages the flagship Julius Baer Global Quality High Yield UCITS fund, which is highly ranked amongst peers. The team collaborates closely with our investment grade and global emerging markets desks.

Key responsibilities

• Portfolio and fund management: Co-manage the Julius Baer Global Quality High Yield UCITS fund and implement investment strategies across funds and mandates according to specific guidelines.
• Your primary focus will be on the US and European high yield markets, alongside a potential but moderate allocation to emerging markets
• Performance optimisation: Drive the fund’s risk-adjusted performance against benchmark and peers. Take accountability for resulting performance and represent it both internally and to clients
• Mandate credit selection: Take ownership of high yield issuer selection for the Bank’s significant book of discretionary managed mandates
• Fundamental analysis: Perform bottom-up analysis, issuer and bond selection, and relative value analysis. This includes financial modelling, scenario analysis, and covenant analysis on complex credits and corporate actions
• Top-down positioning: Formulate regional and sectoral positioning, as well as rates, duration, and credit overlay strategies
• Risk management: Actively manage risk exposures, including credit risk, currency and rates hedging, and the use of credit default swaps (CDS/CDX)
• Collaboration and governance: Hold a seat on the fixed income credit selection sub-committee and collaborate closely with model portfolio and fixed income mandate portfolio management teams. Provide strategic and tactical input on the high yield asset class to senior management
• Communication: Contribute to internal and external communications, including fund manager reports, strategy updates, investment proposals, and prospective client meetings
• Execution and relationships: Maintain a strong collaboration with the fixed income dealing desk for primary and secondary execution. Build and maintain relationships with financial counterparties, corporate debt issuers, and analysts through roadshows and due diligence meetings

YOUR PROFILE

• A university Master’s degree; the CFA designation is advantageous
• A minimum of five years of experience as a fixed income high yield fund manager and/or credit analyst
• Meaningful, in-depth experience in credit, sector, and economic analysis within global high yield markets
• A passion for investing and a buy-side mindset grounded in a thorough understanding of risks and solid judgement, with a relentless focus on investment performance
• Strong communication and presentation skills, an established market network, and experience in client interaction
• An entrepreneurial mindset, thriving on the opportunity to contribute to the further development of the Julius Baer CIO Office Global Fixed Income franchise
• Outstanding analytical and quantitative skills, with a detail-oriented approach and the ability to think critically and form independent opinions
• A flexible, independent, and structured working style, with the capacity to manage multiple tasks in a dynamic environment under pressure
• Excellent written and spoken English; additional languages are advantageous
• The ability to quickly establish credibility and trust, combined with strong teamwork and a client-oriented personality
• Proficiency with Bloomberg (including Asset and Investment Manager systems) is a must, together with advanced MS Excel and MS PowerPoint skills. Additional IT skills such as Python or other programming languages are a plus

The international reference in wealth management

Julius Baer is the leading Swiss wealth management group. We focus on servicing and advising sophisticated private clients from around the world, taking into account what truly matters to them - in their business and personal life, today and for future generations.

Headquartered in Zurich, we are present in around 60 locations worldwide, including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo.

Why join Julius Baer?

At Julius Baer our employees enjoy the benefits of a global company with the support and collegiality of a much smaller one. We are growing quickly, but we remain dedicated to maintaining our accessible structure with flat hierarchies, and approachable and supportive leaders. With offices around the world, we offer an international and stimulating work environment and the opportunity to work with a diverse team of highly motivated colleagues, bringing the best of the bank to our clients. Our core values of Care, Passion, and Excellence define the tone of how we interact with each other and our partners. Committed to your success Whether nurturing young talent with our renowned apprentice scheme, enabling ambitious university graduates to put theory into practice with our Graduate Programme, or providing first-class opportunities for experienced professionals, we look after our employees. We believe in continuous learning as a company and as individuals, which is why we put a focus on the health and well-being of our employees and offer flexible working options, a wide array of benefits, and extensive career development programmes.

For more information visit www.juliusbaer.com or contact us via the Contact Form.