Senior Portfolio Manager, Mortgage Derivatives

Voya Financial, Inc.; Chicago (IL); Hybrid; USD 175,000 - 225,000; Full time

Benefits offered by this job

Health, dental, vision, life insurance

401(k) with company match

Retirement plan

Tuition reimbursement

PTO & holidays

Volunteer time

Job summary

Voya Financial, Inc. in the United States seeks a Senior Portfolio Manager for the Mortgage Derivatives Team to lead investment strategies in liquid agency MBS and drive portfolio performance.

You will collaborate with a tenured team, present strategies to clients, and contribute to growth while traveling as needed for client engagement and market opportunities.

Qualifications

• Bachelor's degree with material investment experience and a demonstrated track record, either buy‑side or sell‑side; advanced degree, MBA, and/or CFA a plus.
• Working knowledge of structured mortgages, mortgage prepayments, OAS modelling, and related markets; deeper expertise in securitized products welcome.
• Excellent intellectual capacity with strong skills in generating ideas and conducting research; proactive and value-adding.

Responsibilities

• Take initiative to generate, size, and execute investment strategies within securitized products with a focus on liquid agency MBS.
• Collaborate with the team to integrate views into portfolio positioning and leverage analytical infrastructure.
• Present to clients and senior management, articulate investment strategy, build client relationships, and help grow the business.

Skills

Investment experience

Structured mortgages

OAS modelling

Client-facing skills

Education

Bachelor's degree

MBA or CFA a plus

Job description

Together we fight for everyone’s opportunity for a better financial future. We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today. Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision. Are you ready to join a company with a strong purpose and a winning culture?

Job Purpose

The Voya Investment Management (Voya IM) Mortgage Derivatives Team manages approximately $6 billion across a number of portfolios. Its flagship, the Voya Mortgage Investment Fund, is one of the largest and most well‑recognised hedge funds in the mortgage space, run by a deep, tenured team with more than three decades of track record. The team also manages proprietary and external client capital across insurance, real money, and other institutional mandates. Rooted in mortgage derivatives and pre‑payment‑sensitive assets, the team's investment toolkit spans liquid agency MBS, CMO structuring and arbitrage, credit risk transfers, mortgage servicing rights, and non‑agency MBS. The team operates as a levered, total‑return strategy serving a diverse client base. As a Senior Portfolio Manager, you will be a key contributor to the overall performance of the team and help drive superior results, with an initial focus on liquid agency MBS. The successful candidate brings substantial investment experience and a demonstrated track record, buy‑side or sell‑side. Level, title, and compensation are shaped around the candidate's experience and track record. Pay is weighted toward incentive and tied to the investment results. Please Note: This will be an office centric role and will be based in our Atlanta, GA office.

Key Responsibilities

• Take initiative as an individual risk‑taker to generate, size, and execute investment strategies within securitized products in the context of levered, total‑return portfolios, with an initial focus on liquid agency MBS.
• Collaborate with the team to integrate individual views into portfolio‑level positioning, contributing to and benefiting from the team's collective expertise and analytical infrastructure.
• Bring new ideas, perspectives, tools, and markets to the team; the strongest candidates challenge our thinking, look at problems through a novel lens, and are unafraid to be contrarian.
• Present to clients and senior management, articulate the investment strategy of the portfolios, build and maintain client relationships, and help grow the business.

Qualifications

• Bachelor's degree with material investment experience and a demonstrated track record, either buy‑side or sell‑side; advanced degree, MBA, and/or CFA a plus.
• Working knowledge of structured mortgages, mortgage prepayments, OAS modelling, and related markets such as rates, credit, or derivatives; deeper expertise in any subset of securitized products is welcome.
• Excellent intellectual capacity with strong skills in generating ideas and conducting research; confidence to make judgments regarding structure, risk, and valuation; a proactive, can‑do attitude undaunted by ambiguity and focused on adding value beyond a strict job definition.
• Excellent organisational and communication ability; strong written and oral presentation capabilities; exemplary interpersonal and client‑facing skills.
• Values consistent with Voya's, including strong ethics and integrity, accountability, teamwork, and passion for the client.

Additional Information

This position may require both domestic and international travel.

Compensation Pay Disclosure

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities. The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long‑term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting. Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part‑time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

$175,000 - $225,000 USD

Be Well. Stay Well.

What We Offer

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250/year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

Learn more about Voya benefits (download PDF)

Critical Skills

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analysing data and problem solving data to reach a well‑reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Equal Employment Opportunity

Voya Financial is an equal‑opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, colour, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

Reasonable Accommodations

Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.

Misuse of Voya's name in fraud schemes

Voya Financial, Inc., is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships.

Great Place to Work

Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity.

Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future.

For more information visit https://www.voya.com/

Voya’s values serve as our compass, bringing together our culture, performance, brand, vision, strategy and corporate responsibility activities. Our values guide our decision‑making and behaviours allowing us to deliver worth to our customers, distribution partners, shareholders and each other.

With a lens on balance, health & welfare, our work environment offers flexibility. The majority of our roles have adopted a hybrid schedule — working some days in the office and some days remotely, providing flexibility for work‑life balance and still allowing the benefit of in‑person collaboration. Some functions will continue to be 100% on‑site and others may be fully remote, depending on business needs.

We care We do the right thing We have customer passion We have a winning spirit We are the We Certified by the Great Place to Work® Institute as a Great Place to Work® for the 10th consecutive year, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya’s culture is proudly recognised by multiple organisations.

See a full listing of our awards and recognition.