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Form of workOur client is a growing International Asset Manager with a significant market present in Australia. This role is a new senior hire to help support the launch of a Fixed Income capability for the business. This role will be responsible for the management of Fixed Income ETFs, as well as assisting the business to formulate product strategies in the space and lead the growth of the asset class within the business.
Job Purpose:
- Responsible for the day-to-day management of Fixed Income ETFs.
- Provide inputs to setup Fixed Income portfolio management and trading capabilities.
- Ensure ETFs perform in line with their investment objectives and remain within mandates.
- Monitor daily reconciliations between front office systems and the official valuations.
- Identifying and executing trades necessary for funds to meet their investment objectives, including index changes, cash flows, corporate actions, currency hedging and perform portfolio optimisation when necessary.
- Monitoring of capital markets activities.
- Assist with regular fund reporting requirements, including preparation of reports for management, rating agencies etc.
- Continuously improving the operational efficiencies of the portfolio management and trading process
- Respond to ad hoc request for fund information from sales and clients.
- Assist in-house macro-economic analysis and Fixed Income research.
- Collaborate and coordinate efforts with portfolio administration, compliance and other business functions.
Key Accountabilities and Scope:
- An understanding of the investment and trading process for ETFs from the point of purchase of the ETF to the allocation and management of the assets on an ongoing basis.
- Daily monitoring of fund exposures relative to the underlying index.
- Daily monitoring and analysis of tracking error including identifying and resolving any problems.
- Daily sign-off of fund valuations and fund composition files.
- Liaise with market makers in relation to capital markets activities.
- Provide input into product development from the initial concept stage, through to design, index selection and implementation.
- Monitor service providers to ensure activities are carried out in accordance with SLAs,
- Liaise with legal and compliance regularly to ensure all activities are carried-out within the regulatory framework.
- Any other duties reasonably required to meet the requirements of the business.
Skills and Qualifications Required:
- Educated to degree level or equivalent, e.g. CFA.
- A minimum of 5 years of previous investment experience in Fixed Income portfolio management and trading, direct indexing/ETF experience an advantage.
- Excellent technical knowledge of financial products, strong analytical and numerical skills to calculate and interpret portfolio management and risk measurements.
- Advanced Microsoft Excel knowledge including advanced skills in VBA programming. Proficiency in other programming languages desirable.
- Ability to make decisions, establish priorities and act quickly in a high-pressure environment.
- Strong risk management mindset.
- Familiarity on Fixed Income trading platforms, e.g. Bloomberg, MarketAxess and TradeWeb.
