Head of Illiquid Fixed Income Portfolio Management

Miryco Consultants is assisting with the search for a Head of Illiquid Fixed Income Portfolio Management. This role is a leadership role and supports the investment activity of the business in order to offer policyholders the best possible security and pricing.

Responsibilities:

Internally Managed Portfolio:

• Understanding and monitoring the risks in the portfolio and reporting on the risk profile (communicating such to internal stakeholders within the investment team and outside).
• Determining positions that it would be beneficial to exit which incorporates all key considerations, including risk, financial, strategic and regulatory balance sheets.
• Work with credit team to determine the most suitable opportunities.
• Applying strategic views to the management thereof.
• Conducting these activities in line with our Internal Management handbook, other policies, frameworks and risk appetite .

Externally Managed Portfolios (bonds and illiquid):

• Review new opportunities as they arise and act swiftly.
• Assess suitability to our portfolio, in conjunction with relevant members of the investment team, taking into account all the key considerations.
• Maintain interactive relationships with external managers.
• Monitor and hold external managers accountable for the performance of their portfolios.
• Assess suitability to our portfolio, in conjunction with relevant members of the investment team, taking into account all the key risk, financial, strategic and regulatory balance sheet considerations. Particular focus should be paid on the risk profile of illiquid assets and their structuring given our restricted ability to sell it.
• If suitable instruct manager to execute, following the processes agreed with the manager. Respond in a timely fashion to any requests and follow the transaction to execution.
• Produce accurate and concise material, including internal papers, investment proposals and management information where relevant, liaising with internal stakeholders including Legal, Finance, Actuarial, Capital Management and Risk.

Skills and Knowledge:

• Demonstrable track record of relevant experience in a bank, insurance company, asset manager or consultant.
• Experience managing fixed income portfolios, asset allocation and portfolio construction.
• Recognising that this is a "Head of" level hire, experience in taking ownership of activity is essential.
• Excellent analytical skills, including ability to make commercial judgments in light of uncertain circumstances. Able to support judgement calls with a clear justification.
• Excellent verbal, written communication and interpersonal skills, with the ability to present investment matters in a clear and concise manner.
• Understanding and experience in executing research, due diligence and investment evaluation.
• Strong results focus, with ability to work efficiently and grasp concepts that are not straightforward, yet seek guidance where necessary.
• Excellent team-working skills and ability to maintain relationships with internal stakeholders and develop relationships with external parties.
• Demonstrate strong aptitudes in Risk awareness, Investment matters and strategies, in particular credit, with the ability and interest to develop further.
• Knowledge of long only and fundamental investing, with the ability and interest to develop further and the issues surrounding investing on behalf of a (life) assurer (desirable, but not essential).

Qualifications:

• CFA or similar desirable
• First Class or Upper Second-Class Degree

Location: London, UK

"Please note, should you not be contacted within five working days of submitting your application, then unfortunately you have not been shortlisting for this position. We will, however, be in touch should there be any other opportunities of potential interest suiting to your skills."

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