Assistant Portfolio Manager, High Yield

HSBC; New York (NY); On-site; USD 160,000 - 241,000; Full time

Job summary

HSBC is seeking an Assistant Portfolio Manager to support high yield portfolio management activities. The ideal candidate will engage with trading teams, manage risk exposures, contribute to investment strategies, and conduct market analysis. This role offers a competitive salary range of $160,300 to $240,400, subject to individual qualifications and experience. Join HSBC and contribute to their vision of creating a better world through impactful investment strategies.

Benefits

Competitive Total Reward Package

Flexible benefits for health and lifestyle

Qualifications

• Experience in asset management or related fields recommended.
• Strong analytical skills and familiarity with financial instruments.
• Ability to run credit meetings and contribute to investment strategies.

Responsibilities

• Manage execution of credit and trade ideas.
• Monitor daily flows and manage portfolio risks.
• Produce materials for credit discussions and meetings.

Skills

Credit analysis

Portfolio management

Risk metrics monitoring

Market analysis

Education

Relevant degree in Finance or related field

Job description

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The high yield Portfolio Manager (PM) will engage in the day-to-day management of all global and US high yield, and high-income strategies within HSBC Global Asset Management. The candidate will operate as a core team member within the high yield portfolio management team, to implement strategy and credit specific ideas into portfolios as part of the investment process. This will include and not limited to, execution of daily flows by working in conjunction with the trading team, liaise with credit research analysts to discuss relative value, credit positioning, sector position and other industry related topics, work with product specialists team to assist on any client requests, and other sales and marketing needs, and maintain dialogue with operations, performance and other support teams to ensure smooth running of accounts.

As our Assistant Portfolio Manager, High Yield you will:

• Execution of credit and trade ideas in conjunction with trading team across various different accounts and strategies
• Maintenance of daily flows and cash management, as well as monitor and maintain exposures, risk metrics, sector allocations, etc that fit within credit and macro framework, and adjust accordingly
• Organize, produce materials and ability to run credit meetings, including industry sector reviews with credit research, relative value discussion session, participate in deep dive credit discussions, amongst others within the investment process
• Contribute to global credit platform in highlighting leverage finance trends to broader investment audience, and take macro viewpoints from global colleagues into consideration for high yield strategies
• Responsible in analyzing, organizing and maintaining portfolio and market data used by the high yield and credit team for portfolio construction and decision making purposes
• Independently produce relative value decisions, trade ideas, or portfolio construction viewpoints that will help achieve investment and performance goals within the high yield and high income strategies
• Observe and study market commentary, macro trends, research opinions, and other relevant news and metrics, and decipher relevant information that will be key in formulizing portfolio positioning and views
• Support multiple senior PMs on both daily activities and multiple strategic projects

For this role, HSBC targets a pay range between $160,300.00 and $240,400.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.