Senior Liquidity Portfolio Manager - Fixed Income | Asset Management

Northern Trust Corporation; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

Northern Trust Corporation is seeking a Senior Liquidity Portfolio Manager for its London office. The role involves managing liquidity strategies and requires extensive experience in fixed income, economic analysis, and excellent communication skills. Join a collaborative team focusing on innovation and client relationships.

Qualifications

• 7–10 years of experience in fixed income or liquidity portfolio management.
• Proven track record of managing institutional assets.
• Extensive Excel experience; macro and VBA skills preferred.

Responsibilities

• Manage liquidity and cash management strategies.
• Monitor macroeconomic and credit market developments.
• Mentor and guide junior team members.

Skills

Liquidity risk management

Communication

Interpersonal skills

Economic drivers understanding

Credit risk analysis

Fixed income market knowledge

Excel

Tools

MarketAxess

Tradeweb

Bloomberg

Job description

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Senior Liquidity Portfolio Manager - Fixed Income | Asset Management, London

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Client:

Northern Trust Corporation

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

5c96b50a3660

Job Views:

44

Posted:

22.06.2025

Expiry Date:

06.08.2025

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Job Description:

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role

This role sits within Northern Trust Asset Management (NTAM), a global investment manager overseeing over $1.4 trillion in AUM.

We are seeking an experienced and highly motivated Senior Liquidity Portfolio Manager to join our expanding Fixed Income Investment team.

In this key role, you will be responsible for managing a range of liquidity and cash management strategies, including money market funds, ultra-short bond funds, and bespoke client mandates.

As a senior member of the team, you will play a critical role in delivering strong and consistent investment outcomes, deepening client relationships, and contributing to the continued innovation and growth of our liquidity solutions business.

Key Responsibilities:

• Assists in the development of portfolio strategies through evaluation of the fixed income market, shape of the yield curve, yield spreads, rating changes, and supply/demand factors.
• Monitor and interpret macroeconomic, monetary policy, and credit market developments to inform investment decisions.
• Plans overall portfolio structure utilizing security analytical information, economic factors, and fixed income market conditions in conjunction with the fund’s investment objectives.
• Implements portfolio strategy through security selection, sector allocation and duration decisions.
• Executes portfolio strategy through efficient and effective direct trading
• Daily monitoring of portfolio risk with respect to alignment with active investment views and consistency with fund objectives.
• Collaborate with distribution, product, and risk teams to support new business opportunities and client retention.
• Actively participate in EMEA and global strategy meetings providing insightful market knowledge and ideas.
• Mentor and guide junior team members as needed.

Key Requirements:

• Minimum 7–10 years of experience in fixed income or liquidity portfolio management.
• Deep knowledge of money markets, short-duration fixed income instruments, and liquidity risk management.
• Strong understanding of economic drivers, monetary policy, and credit risk analysis.
• Proven track record of managing institutional assets with consistent performance.
• Excellent communication and interpersonal skills, with the ability to articulate investment views to clients and internal stakeholders.
• Operate in a fast paced and demanding environment
• Extensive experience in Excel. Macro and VBA skills a plus.
• Working knowledge of MarketAxess, Tradeweb, Bloomberg preferred.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.