Portfolio Manager - Agency MBS

Agnello & Rogers; Chicago (IL); On-site; USD 120,000 - 170,000; Full time

Job summary

A leading investment management firm seeks a Portfolio Manager to support Senior Portfolio Managers in managing client portfolios. The role involves monitoring risks, executing trades, and collaborating with various departments. Candidates should have strong Bloomberg and Excel skills, along with relevant experience in Fixed Income and MBS products.

Benefits

Annual discretionary bonus plan

Health insurance options

401K

Paid time off

Employee assistance programs

Qualifications

• 6-8 years of relevant experience.
• Strong skills in Bloomberg and Excel required.
• Understanding of Fixed Income concepts such as duration and convexity.

Responsibilities

• Monitor portfolio position weights and risk analytics compared to benchmarks.
• Construct and execute trade orders as directed by Senior Portfolio Managers.
• Manage portfolio cash balances according to product guidelines.

Skills

Bloomberg

Excel

Fixed Income concepts

MBS analytics systems

Mortgage valuation drivers

Trading agency MBS products

Securitized credit products

Ability to work under pressure

Tools

Yield Book

Marketaccess

Tradeweb

Job description

Overview

The Portfolio Manager works as part of a team supporting Senior Portfolio Managers to invest client portfolios consistent with LGIMA’s investment strategy views.

Responsibilities

• Monitor portfolio position weights and risk analytics compared to benchmarks and targets.
• Construct and execute trade orders as directed by Senior Portfolio Managers.
• Monitor portfolio positions and trade orders for compliance with client guidelines.
• Generate purchase or sell orders to meet client contributions or withdrawals.
• Manage portfolio cash balances in accordance with product guidelines and current investment strategy.
• Review and resolve any potential post-trade compliance breaches.
• Liaise with internal departments including Legal/Compliance, Sales/Marketing, and Investment Operations.
• Understand investment decisions from Credit strategy meetings and their implementation.
• Prepare buy lists for client onboarding based on target portfolios.
• Collaborate with Senior Portfolio Managers on portfolio construction and monitoring.
• Assist in creating marketing presentations and reports for clients.

Qualifications

• 6-8 years of relevant experience.
• Strong Bloomberg and Excel skills required.
• Understanding of Fixed Income concepts such as duration and convexity.
• Experience with MBS analytics systems like Yield Book.
• Knowledge of mortgage valuation drivers, prepayments, risk measures, and related topics.
• Experience trading or managing portfolios for agency MBS products.
• Preferred experience with mortgage databases or data tools like 1010data, CPR&CDR Technologies, or RiskSpan.
• Preferred experience with trading platforms such as Marketaccess & Tradeweb.
• Understanding of securitized credit products like ABS, CMBS, Non-Agency RMBS, and CLOs.
• Ability to work accurately under pressure and multi-task effectively.

Salary Range

$120,000 - $170,000. The starting salary depends on education, experience, skills, location, and market factors. The position offers participation in the company’s annual discretionary bonus plan, health insurance options, and other benefits including 401K, paid time off, and employee assistance programs.

Legal & General Investment Management America is an Equal Opportunity Employer, providing equal employment opportunities regardless of race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, or other protected characteristics.