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Senior Fixed Income Portfolio Manager

Russell Investments

Russell Investments

Seattle, WA, USA
Posted on Oct 15, 2024

Business Unit:

Investment Division


Salary Range:

$150,000 USD - $180,000 USD

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.


Job Description:

Role Summary:

As a Senior Fixed Income Portfolio Manager within the Customized Portfolio Solutions team of our Investment Division, you will contribute to the development and implementation of investment strategies that align with fund objectives and portfolio guidelines. This role is based in Seattle, with a flexible hybrid work model, requiring in-office collaboration at least 3 days per week.

The role will focus on a broad range of US and Global fixed income strategies, covering Corporate, Government, and Inflation-Linked assets, in both passive factor and model-driven structures. You will play a key role in leading investment strategy efforts and trade execution, contributing to the overall success of the team.

You will collaborate with traders, portfolio managers, street-side coverage, and IT staff, while also acting as a subject matter expert for internal and external clients. We are looking for candidates who thrive in collaborative, dynamic environments and are ready to make meaningful contributions to our growing team.

Your Core Responsibilities:

  • Lead efforts in managing and trading a variety of fixed-income portfolios, ensuring solid benchmark-relative performance within regulatory and client-specific guidelines

  • Collaborate with clients and prospective clients across North America to develop tailored investment solutions and support business growth initiatives

  • Contribute to idea generation, strategy formulation, and trade execution within the team, working closely with Research teams and internal business partners

  • Communicate investment strategies and portfolio methodologies through a variety of mediums, working with client relationship managers, sales teams, clients, and client advisers

  • Implement improvements in portfolio management processes, including trading practices, portfolio analysis, scenario analysis, and performance reporting

  • Provide insights on credit decisions and identify opportunities with new security types

  • Prepare reports, presentation materials, and qualitative performance narratives for internal and external stakeholders

  • Take on special projects as identified to support business objectives

Your Expertise/Requirements:

  • 6+ years of experience in portfolio management or equivalent asset management roles, or cumulative relevant experience

  • Bachelor's degree in Business, Finance, Economics, or a related field, or equivalent practical experience in investment or financial markets

  • In-depth knowledge of short-term capital markets, fixed-income markets, money market funds/securities, economic analysis, and the US regulatory environment

  • Proficiency in Bloomberg and Excel.

  • Strong problem-solving and analytical skills, with the ability to evaluate issues holistically and offer strategic solutions

  • Proven ability to build trusted relationships, collaborate within a team, and interact thoughtfully with clients and colleagues

  • Excellent organizational skills, with the ability to prioritize tasks and meet deadlines

Preferred Qualifications:

  • CFA charter holder or progress toward CFA designation.

  • Experience in cash or enhanced cash portfolio management.

  • Familiarity with the municipal bond market.

  • Experience with AXIOMA, or other analytic and programming tools, preferred but not required.

  • ETF management experience is a plus.

Equal Employment Opportunity

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.