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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