Fixed Income Portfolio Manager

Rory Mackie & Associates

Cape Town, South Africa, Western Cape, ZA

2d ago

As a Fixed Income Portfolio Manager, you will assist the Chief Investment Officer in the management of the fixed income investment process, investment and compliance risk;

new fixed income product development; negotiations of new investment guidelines or amendment of existing ones; liaising with clients and taking responsibility for client pitches and client report backs and staff management (where applicable).

Your key portfolio management focus will be developing the Liability Driven Investment ( LDI ) Management Capability and working with the CIO, other Portfolio Managers and / or Analysts.

Responsibilities :

Assists with fixed income investment policy / philosophy formulation, portfolio construction / implementation and risk management processes

Developing, researching, analyzing, recommending, and implementing the execution of all fixed income investment strategies for all fixed income portfolios

Responsible for the management of portfolios from analysis through to the implementation of asset allocation strategies, portfolio rebalancing, instrument / portfolio performance measurement and analysis and for the creation of bespoke discretionary portfolios including benchmark construction for specialist clients

Managing relationships with all relevant intermediaries and parties (Dealers, Brokers, Economists, Analysts, Issuers, National Treasury, Stock Exchanges, Attorneys, Compliance Officers, Financial Services Board, etc.)

Assist in the negotiation and execution of all / any legal agreements

Oversee the development, update, maintenance and documentation of the fair valuation model / system and process that is used for valuation of fixed income securities

Develop financial models and perform fixed income analytics as needed in areas such as actual versus expected yields, returns, credit risk analysis and relative value analyses for specific instruments and / or portfolios

Coordinating the periodic review of fair valuation model / system and process by independent accountants, valuation consultants and other parties

Oversee the development of risk management tools / systems and compliance processes

Assist with the management of fund administration and investment compliance processes

Providing on-going client service; assisting in new business development, client profiling and suitability analysis, i.

e. diagnostic reviews; fixed income investment policy formulation, portfolio construction / implementation and risk management and seeks to garner additional assets of the existing client base

Execution / Dealing Functions :

Full life cycle trade responsibilities : build, pre-trade analysis, execution, post-trade analysis, allocations and settlement across multiple strategies, brokers, and custodians

Ensure all trading activities are in compliance with best execution policies

Perform trade execution data analysis including broker due diligence, execution measurement, performance tracking and accountability

Responsible for the design of trading architecture, trading policy and procedures, best execution, broker evaluation and trading record keeping

An obligation to pursue a fiduciary duty of best execution at all times and to all clients

Management of proprietary execution models

Security master maintenance

Pricing and execution of all listed and unlisted fixed income, equity, property and derivatives trades and any other trades

Ensuring that the valuation of investment instruments is in line with our valuation policy and market standards

Transaction cost analysis of all trades and impact on portfolio total expense ratios

Preparation and circulation of daily trading information and dissemination of any other market information or research material that is beneficial to relevant Teams

Management of counterparty limits and timely renewal of counterparty limits

Administrative duties of the execution functions

Mediate and resolve trade related / settlement issues, pre / post trade instructions and communication with broker dealers, custodian banks and investment operations

Provide detailed information regarding trade errors; actions taken to prevent issues from re-occurring and financial impact to the firm

Ensuring the execution / dealing function / desk has the appropriate profile both internally and externally

Other tasks as requested by CEO / CIO or HOO

Market Analysis Functions :

Formulate trading strategies daily by analysing the latest market data and establishing positions to take advantage of market moves

Analyse the current market to determine risk of investment and in order to minimize risk and maximize gain

Monitoring market activity and advise on timing of execution regarding short term dynamics and liquidity

Understand the changing liquidity landscape and microstructure of markets and ensuring that the execution processes reflect this on an ongoing basis

Communicate market conditions to CIO, Portfolio Managers, and other members of the investment team

Compliance, Regulation and Risk Management Functions :

Ensuring all compliance and trading procedures are adhered to

Execute transactions accurately and in accordance with established risk management procedures and risk parameters

Awareness of and monitoring key areas of execution and all associated risk

Constant and effective monitoring of exposures to ensure internal and portfolio mandate limits are adhered to

Keeping up with market structure changes and regulation

Adherence to internal code of conduct and ethics

Adherence to regulatory requirements for the Representatives, Industry Professionals and the firm

Adherence to Client related compliance requirements

Technical skills and Industry Experience :

Bachelors’ degree in Finance, Economics, or related Business discipline preferred. CFA or Masters’ Degree in Finance, Economics, or a related discipline a significant plus

FSB Regulatory Exams (as a Representative)

Minimum of 7-10 years trading and / or investment related work experience

Knowledge of the investment industry and financial markets

Knowledge of trading operations, products, systems, tools, and services required for execution

Ability to independently perform research / analysis and to recommend and implement strategies, tactics, and corrective actions

Ability to make investment recommendations that are supported by rigorous analysis and communicated with strong conviction

Ability to provide advice and cause / effect evaluation to support business decision making

High level of computer literacy

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