Associate - VP, External Managers, Macro/Fixed Income - Portfolio Manager

GIC Private Limited; Singapore; On-site; SGD 250,000 - 450,000; Full time

Job summary

GIC in Singapore seeks an experienced Portfolio Manager focusing on Discretionary Global Macro within the External Managers Department. The role is open to Associate, AVP or VP levels, with the same mandate and ownership scope, located in Singapore.

You will build and run a portfolio of discretionary global macro exposures, form views, size positions, and engage with leading macro managers on a global scale.

Qualifications

• Commercial instinct: you think in terms of expected return, risk taken and capital at stake.
• Conviction under uncertainty; you form independent views, articulate them crisply in writing and in the room, and hold or revise them for the right reasons.
• Quantitative fluency: strong financial modelling applied to real portfolio problems.
• Credibility with sophisticated counterparties; you can hold a substantive conversation with senior investment leaders at the world's leading managers.
• Collaborative ambition; comfortable building relationships internally and externally, and a strong team player in a small, high-trust team.

Responsibilities

• Form independent macro views and translate them into portfolio positioning, manager selection, sizing, and risk allocation across the book
• Lead the thinking on correlation, factor exposure, capacity, liquidity and drawdown management at the portfolio level, and push for innovation in how the portfolio is built
• Originate opportunities, run qualitative and quantitative diligence end-to-end, and build the commercial case for investment
• Design and negotiate bespoke mandates, fee structures, liquidity terms, risk parameters and co-investment or platform structures; shaping how the exposure is expressed, not just whether to buy it
• Continuously re-underwrite the thesis, act decisively when it breaks, and make timely add, trim, or exit recommendations
• Take your recommendations to the Investment Committee and defend them
• Surface differentiated insight to the team and to GIC at large

Skills

Rates, FX, or cross-asset Fixed Income

Job description

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Location: Singapore, SG

Job Function: External Managers Department

Job Type: Permanent

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

External Managers Department

The External Managers Department seeks to identify and develop relationships with best-in-class global investment managers to benefit GIC at large, while capturing investment opportunities to outperform our benchmarks.

We are looking for an experienced candidate to join our Global Markets team as a Portfolio Manager, focusing on Discretionary Global Macro. We are open to hiring at Associate, AVP or VP level, the mandate is the same, but the scope of ownership differs. The role is based in Singapore.

What impact can you make in this role?

You will help build and run a portfolio of discretionary global macro exposures, forming views, sizing positions, structuring mandates, and owning the outcome. Every member of the team is accountable for the risk they take and the returns it produces.

You will see the full global macro landscape, with direct senior-level dialogue with the most sought-after macro managers globally. You will also gain exposure across multi-asset, fixed income, multi-strategy, platforms, and fund-of-funds; your commercial range compounds rather than narrows.

What will you do in this role?

• Form independent macro views and translate them into portfolio positioning, manager selection, sizing, and risk allocation across the book
• Lead the thinking on correlation, factor exposure, capacity, liquidity and drawdown management at the portfolio level, and push for innovation in how the portfolio is built
• Originate opportunities, run qualitative and quantitative diligence end-to-end, and build the commercial case for investment
• Design and negotiate bespoke mandates, fee structures, liquidity terms, risk parameters and co-investment or platform structures; shaping how the exposure is expressed, not just whether to buy it
• Continuously re-underwrite the thesis, act decisively when it breaks, and make timely add, trim, or exit recommendations
• Take your recommendations to the Investment Committee and defend them
• Surface differentiated insight to the team and to GIC at large

What qualifications or skills should you possess in this role?

While prior fund allocation experience is preferred, we are open to candidates who have the following market experience, including:

• Rates, FX, or cross-asset Fixed Income trader or Macro strategist on the sell side

We are looking for:

• Commercial instinct: you think in terms of expected return, risk taken and capital at stake, not just analysis quality
• Conviction under uncertainty; you form independent views, articulate them crisply in writing and in the room, and hold or revise them for the right reasons
• Quantitative fluency: strong financial modelling applied to real portfolio problems
• Credibility with sophisticated counterparties; you can hold a substantive conversation with senior investment leaders at the world's leading managers
• Collaborative ambition; comfortable building relationships internally and externally, and a strong team player in a small, high-trust team

Work at the Point of Impact

We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

GIC is an equal opportunity employer

GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Please email [e-mail] at any point of the application or interview process if adjustments need to be made due to a disability.