Fixed Income Analyst

Tandem Recruiting Group; San Francisco (CA); Hybride; USD 120 000 - 180 000; Plein temps

Résumé du poste

Tandem Recruiting Group is seeking a Fixed Income Analyst to join our client's investment team in San Francisco. The role has a broad mandate across fixed income markets, with emphasis on asset allocation, yield-curve and duration positioning, security selection, and disciplined risk management.

You will collaborate with Portfolio Managers to evaluate macro developments, identify relative value opportunities, and translate investment views into actionable portfolio strategies across government

Qualifications

• 4–7 years of relevant fixed income asset management experience.
• Broad knowledge of fixed income markets including rates, credit, securitized products.
• Strong understanding of yield curves, duration, carry, and relative value.
• Proficiency with Bloomberg Terminal and Excel; Bloomberg PORT experience preferred.
• Strong quantitative and analytical, with effective communication and teamwork.

Responsabilités

• Support Portfolio Managers in the management and positioning of total return fixed income portfolios.
• Identify relative value opportunities across asset classes, sectors, maturities, and individual securities.
• Analyze U.S. and global interest rate markets and recommend duration, yield curve, and maturity positioning.
• Assess macroeconomic developments and translate them into actionable portfolio views.
• Evaluate opportunities across government bonds, credit, MBS, securitized products, and other fixed income sectors.
• Develop expected return analysis incorporating yield, carry, roll-down, spread movements, and rate changes.
• Monitor market technicals and liquidity to identify tactical investment opportunities.
• Conduct portfolio analytics, scenario analysis, and stress testing.
• Monitor portfolio risk exposures including duration, key-rate duration, spread duration, and credit quality.
• Perform performance attribution and benchmark-relative analysis to generate investment ideas.

Connaissances

Quantitative analysis

Analytical skills

Communication

Team collaboration

Outils

Bloomberg Terminal

Excel

Description du poste

Fulltime 5 days per week (some work from home options monthly)

Candidates must be a US citizen or greencard holder.

Position Overview

Our client is seeking a Fixed Income Analyst to join their investment team and support the management of total return fixed income portfolios.

The role will have a broad mandate across fixed income markets, with a focus on asset allocation, cross-sector relative value, yield curve and duration positioning, security selection, and disciplined portfolio risk management.

The successful candidate will work closely with Portfolio Managers to assess macroeconomic and market developments, identify relative value opportunities across fixed income sectors, and translate investment views into actionable portfolio strategies.

Responsibilities.

• Support Portfolio Managers in the management and positioning of total return fixed income portfolios across a broad range of asset classes and strategies.
• Identify and evaluate relative value opportunities across asset classes, sectors, maturities, and individual securities, with a focus on return potential and risk-adjusted returns.
• Analyze U.S. and global interest rate markets, including rate levels, yield curve dynamics, term premium, and cross-market opportunities, and recommend duration, yield curve, and maturity positioning.
• Assess key macroeconomic and policy developments, including: inflation, labor markets, economic growth, monetary and fiscal policy, and financial conditions—and translate them into actionable portfolio views.
• Evaluate investment opportunities across government bonds, investment grade and high yield credit, Agency MBS, securitized products, leveraged loans, and other fixed income sectors.
• Develop expected return analysis incorporating yield, carry, roll-down, spread movements, interest rate changes, and other relevant return drivers.
• Monitor market technicals, including fund flows, new issuance, investor positioning, liquidity, and supply/demand dynamics, to identify tactical investment opportunities.
• Conduct portfolio analytics, scenario analysis, and stress testing to evaluate portfolio behavior across different interest rate, yield curve, credit spread, and macroeconomic environments.
• Monitor key portfolio risk exposures, including duration, key-rate duration, spread duration, sector allocation, credit quality, currency exposure, liquidity, and concentration.
• Perform performance attribution and benchmark-relative analysis to identify key drivers of portfolio returns and generate investment ideas to enhance performance.

Requirements.

• 4–7 years of relevant experience in fixed income asset management, portfolio management, investment strategy, trading, or research.
• Broad knowledge of fixed income markets, including rates, corporate credit, securitized products, and global fixed income.
• Strong understanding of yield curves, duration, spread duration, carry, roll-down, relative value, and total return analysis.
• Strong understanding of macroeconomic trends and monetary policy and their implications for interest rates, yield curves, credit spreads, and portfolio positioning.
• Strong relative value analysis and investment judgment, with the ability to compare opportunities across asset classes and translate market views into actionable investment recommendations.
• Experience with portfolio construction and analytics, including risk and scenario analysis, performance attribution, and benchmark-relative portfolio management.
• Proficiency with Bloomberg Terminal and Excel; experience with Bloomberg PORT or similar portfolio analytics platforms preferred.
• Strong quantitative, analytical, and communication skills, with a strong work ethic, collaborative mindset, and confidence to contribute investment views in a team-oriented environment.