Asset Allocation Portfolio Manager - CICC

CICC; Hong Kong; On-site; HKD 1,200,000 - 2,000,000; Full time

Job summary

CICC seeks a senior investment professional in Hong Kong to lead global asset allocation across equities, fixed income, currencies, and alternatives. You will translate macro views into policy allocations, manage risk budgeting, and oversee implementation with a disciplined process.

Responsibilities include producing research, portfolio papers, and cross-team collaboration with Trading, Risk, and Operations to deliver transparent investments and robust performance outcomes.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, or Computer Science; CFA designation preferred.
• 5–10 years in global asset allocation or multi-asset portfolio management; macro or multi-asset research
• Command of strategic and tactical allocation, capital market assumptions, and risk budgeting
• Proficiency with cash instruments, funds, ETFs, derivatives; ability to implement ideas
• Experience in performance attribution, risk analytics, and stress testing
• Strong Excel, Bloomberg, and Python/SQL skills
• Familiarity with institutional asset-liability management or fund-of-fund construction an advantage

Responsibilities

• Manage strategic asset allocation across global equities, fixed income, currencies, commodities, and alternatives
• Translate capital-market assumptions into policy portfolios and model allocations
• Formulate and implement tactical tilts and review them as conditions change
• Construct portfolios with explicit risk budgeting and cross-asset views
• Select implementation vehicles after weighing liquidity, cost, and constraints
• Coordinate execution with Trading to limit implementation shortfall
• Prepare investment-committee papers and communicate allocation rationale to stakeholders

Skills

Portfolio management

Quantitative research

Risk analytics

Python

SQL

Bloomberg

Education

Bachelor's in Finance or related

CFA preferred

Tools

Bloomberg

FactSet

Aladdin

Barra

Excel

Python

SQL

Job description

• Manage strategic asset allocation portfolio(s) across global equities, government and credit fixed income, currencies, commodities, cash, liquid alternatives, and other diversifiers, consistent with mandate objectives, risk tolerance, liquidity needs, and applicable constraints
• Make capital market assumptions and translate them into policy portfolios and model allocations across risk profiles, currencies, client segments, discretionary funds, advisory platforms, and institutional mandates
• Formulate and implement tactical and dynamic asset allocation tilts versus the strategic policy, sized to a stated risk or tracking-error budget, and review them as valuations, macro regimes, or risk conditions change
• Construct portfolios with explicit risk budgeting across asset-class weights, factor exposures, country and currency concentrations, and active-risk allocation; integrate macro views of various markets and asset classes into a single whole-portfolio view.
• Select implementation vehicles, including cash securities, funds, ETFs, listed futures and options, OTC forwards and swaps, and external managers—after weighing liquidity, cost, basis risk, tax, and operational constraints
• Manage cash, currency hedging, and derivative overlays; rebalance portfolios in response to drift, cash flows, or risk-budget breaches and coordinate execution with Trading to limit implementation shortfall
• Conduct macroeconomic, cross-asset, valuation, and positioning research, and/or develop and maintain quantitative macro signals and portfolio-optimization tools; monitor risk and produce performance attribution
• Prepare investment-committee papers, present allocation rationale and performance to internal and external stakeholders, ensure portfolio compliance, and support product design, launches, and thought leadership
• Investment judgement: forms an independent view of the cycle, valuations, positioning, and risk premia, and sizes positions according to conviction and liquidity
• Process discipline: separates strategic policy from tactical and dynamic tilts and records the thesis, risk budget, instrument, and exit condition before risk is taken
• Whole-portfolio thinking: identifies cross-asset correlations, factor overlap, and crowding rather than viewing diversification solely through individual sleeves or holdings
• Risk awareness and implementation craft: thinks in exposures, tails, liquidity, and path dependency, and understands the cost, basis risk, and operational load of each implementation route
• Communication and collaboration: writes concise committee papers, explains allocation and performance clearly to specialist and non-specialist audiences, and works effectively across Investments, Trading, Risk, Operations, Sales and Product
• Intellectual honesty and operating rigor: updates views when evidence changes, distinguishes process quality from short-term results, and remains accurate and reliable around cash flows, rebalances, guideline checks, and reporting deadlines

Qualifications

• Upright, humble, diligent with high moral values
• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or a related discipline; an advanced degree and/or CFA designation is preferred
• 5-10 years' relevant experience in global asset allocation, multi-asset portfolio management, macroeconomic or multi-asset research, quantitative investment research, or a related buy-side role with direct influence on portfolio decisions; live implementation experience is preferred
• Demonstrated command of strategic and tactical allocation, capital market assumptions or an equivalent long-term return framework, risk budgeting, and the practical use of cash instruments, funds, ETFs, and listed or OTC derivatives
• Evidence of a coherent fundamental, quantitative, or blended investment process, including how ideas become portfolio weights, how risk is measured and capped, and how results are attributed
• Working knowledge of performance attribution and risk analytics, including volatility, tracking error, value at risk, factor decomposition, and scenario and stress testing, as well as investment guidelines in pooled funds or separate accounts
• Familiarity with institutional or insurance asset-liability management, wealth-channel model portfolios, multi-manager or fund-of-fund construction, is an advantage
• Proficiency with Bloomberg and other portfolio or risk systems such as FactSet, Aladdin, or Barra; strong Excel skills; Python or SQL is required for a quantitative process and advantageous for a fundamental process

Disclaimer:

CICC is committed to fostering an environment of equity and diversity. We recognize the importance of fair treatment in all aspects of our business, from recruitment and hiring to professional development and advancement.

CICC aims to build an inclusive workplace that values the diverse backgrounds, ideas, and cultures of our employees. We strive to create an environment where every employee feels heard, supported, and empowered to contribute to the company's growth and success. By leveraging our collective strengths, we aim to drive innovation and achieve excellence in the industry.

It is CICC’s responsibility to provide equal employment opportunities to all prospective employees, regardless of race, ethnicity, gender, age, disability, or any other characteristics protected by law.

The preceding job description has been designed to indicate the general nature and level of the work to be performed by employees within this classification. It is not intended to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.