Associate Portfolio Manager - Non Agency RMBS

Oliver James; Trenton (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

Oliver James seeks an Associate Portfolio Manager to support a team focused on non-agency residential mortgage credit. You will work with senior PMs and analysts to shape investment decisions across mortgage credit strategies and help with portfolio construction, risk management, and idea generation from day one.

You will contribute trade ideas, collaborate with traders, and develop return and risk projections, including scenario analysis.

Qualifications

• Bachelor's degree required; CFA or progress toward it a plus.
• 5–10 years in mortgage credit research, trading, or portfolio management.
• Strong Excel skills; Bloomberg, Intex experience helpful.
• Solid understanding of prepayment behavior and credit trends.

Responsibilities

• Contribute trade ideas and help execute them across fixed income portfolios.
• Collaborate with PMs, analysts, and traders to identify attractive risk-adjusted opportunities.
• Build return and risk projections, including scenario and simulation analysis.
• Form and document views on relative value across the sector.
• Oversee trade execution from setup through post-trade review.
• Develop and maintain relationships with street-side trading and banking contacts.
• Work closely with research to translate fundamental analysis into portfolio action.

Skills

Quantitative analysis

Portfolio management experience

Mortgage credit knowledge

Team collaboration

Education

Bachelor's degree

CFA candidate

Tools

Bloomberg

Intex

Excel

Job description

A well-regarded, independent fixed income asset manager is hiring an Associate Portfolio Manager to support a team focused on non-agency residential mortgage credit.

In this role, you'll partner with senior PMs and analysts to help shape investment decisions across residential mortgage credit strategies, with genuine input into portfolio construction, risk management, and idea generation from day one.

Responsibilities:

• Contribute trade ideas and help execute them across multiple fixed income portfolios
• Work alongside PMs, analysts, and traders to identify and prioritize attractive risk-adjusted opportunities
• Build return and risk projections, including scenario and simulation analysis
• Form and document views on relative value across the sector
• Oversee trade execution from setup through post-trade review
• Develop and maintain relationships with street-side trading and banking contacts
• Work closely with research to translate fundamental analysis into portfolio action

Background needed:

• Roughly 5-10 years in mortgage credit research, trading, or portfolio management
• Solid handle on the residential mortgage credit space and the forces driving it (prepayment behavior, credit trends, rate sensitivity)
• Strong quantitative toolkit - comfortable with duration, convexity, and credit risk modeling
• Bachelor's degree; CFA or progress toward it a plus
• Strong Excel skills; exposure to Bloomberg, Intex, or similar analytics tools helpful

A great fit for someone who wants real ownership of investment decisions within a collaborative, active-management culture at a firm with a long track record in the space.

Reach out to [e-mail] for a confidential conversation.