Vice President - Portfolio Manager/Trader

NA; London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a dynamic Vice President - Portfolio Manager/Trader to join their EMEA Chief Investment Office team in London. This hybrid role involves managing an EMEA securities investment portfolio, focusing on risk management and optimizing returns while ensuring compliance with regulatory limits. The ideal candidate will possess a strong background in portfolio management, particularly in fixed income markets, and will be adept at developing strategies that align with the bank's liquidity and capital constraints. Join a collaborative environment where your expertise will help shape investment strategies and drive success in a leading global financial services firm.

Qualifications

• Prior front-office portfolio management experience is essential.
• Strong understanding of regulations governing the International Treasury business.

Responsibilities

• Manage execution and performance of EMEA securities investment portfolio.
• Develop investment strategies while adhering to risk appetite and guidelines.

Skills

Portfolio Management

Risk Management

Fixed Income Market Knowledge

Communication Skills

Treasury Product Knowledge

Education

Relevant Degree in Finance or Economics

Tools

Risk Management Systems

Job description

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities, and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of Vice President - Portfolio Manager/Trader to join our EMEA Chief Investment Office team. This role is located in London – hybrid.

The Chief Investment Office manages the security portfolio for the Institutional Bank of New York and executes fixed income cash and derivative trades with the goal of maximizing net interest income and reducing balance sheet costs whilst staying in compliance with all regulatory limits and balance sheet constraints. The EMEA CIO team focuses on the international securities portfolio, predominantly managing portfolios on behalf of International Corporate Treasury.

The Portfolio Manager will be a key member of the EMEA CIO Desk. The role will report into the Head of EMEA CIO and will focus on the EMEA securities portfolio, whilst working closely with the broader CIO group, based in New York, and the wider International Corporate Treasury Team. The investment portfolio is largely invested in high quality, liquid securities, which would generally support the desk in meeting the internally assessed liquid asset buffer (LAB) requirements, for the purposes of maintaining adequate liquidity whilst optimizing returns for the bank. The portfolio also supports the broader interest rate strategy of BNY both globally and locally, with a global focus on the interest rate strategies for GBP and EUR global balances.

Responsibilities of EMEA Portfolio Manager:

1. Managing the execution and performance of an EMEA securities investment portfolio, including all aspects of risk management covering credit, market, and liquidity risk.
2. Monitoring of markets and due diligence across treasuries, sovereign, supranational, covered bonds, and international RMBS/ABS to identify investment opportunities.
3. Together with team members, develop investment strategies for EMEA portfolios with the aim of optimizing returns and balance sheet, while staying within risk appetite.
4. Monitoring of activities related to the investment portfolio, while adhering to the legal entity and corporate level investment guidelines.
5. Day-to-day management of the legal entity liquid asset buffer requirements and testing of sources of liquidity identified in legal entity contingency funding plans.
6. Work closely with the International Treasury team in terms of funding and liquidity management in compliance with all internal and external regulatory limits including IRRBB, LCR, Volcker limits, market limits, credit limits, large exposure limits, and capital limits, as required.
7. Ensuring strong systems, controls, and processes in place, e.g., adhering to trader mandates.
8. Working with internal technology teams on the development of risk systems and reporting.
9. Provide treasury investment portfolio execution coverage for other legal entities in EMEA, as required.
10. Maintain key relationships with Issuers and sell-side market participants.

Minimum Qualifications:

To perform this role the candidate will need prior front-office portfolio management experience including a working knowledge of the fixed income market, treasury product knowledge, risk management skills, understanding of regulations governing the International Treasury business, and a good understanding of funding and liquidity management strategies. The candidate will also need to have strong written and communication skills.

Technical Skills and Qualifications:

• Treasury front office and/or rates trading experience, with track record in areas of EGBs, SSA, covered bonds preferred.
• Good understanding of fixed income market, macroeconomics, and yield curve dynamics across major currencies.
• Good understanding of fixed income derivatives and interest rate swap fundamentals and execution experience.
• An understanding of bank portfolio liquidity and capital constraints.
• FCA certification preferred.
• Strong risk management skills and understanding of the regulatory environment.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.