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Principal, Portfolio Manager

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Posting Date: 06-Mar-2019

Location: London, GB

Company: EBRD

Requisition ID 14851
Office Country United Kingdom
Office City London
Division VP Finance
Dept. / Bus. Group Treasury Department
Business Unit Investments - Credit
Contract Type Regular
Contract Length
Posting End Date 24/03/2019 

 

Purpose of Job

 

The Principal, Portfolio Management - Credit is a high grade bond market and associated derivatives expert who is partially responsible for Treasury’s long dated and short dated investment strategies within constraints set by the investment process and the conservative parameters contained within the Treasury Authority and respective Guidelines.

 

Accountabilities & Responsibilities

 

The Principal, PMC will:

  • Help to meet the P&L targets for PMC within the risk constraints set for them and the operational guidelines outlined in the Treasury Authority & Treasury Guidelines [“TA&TG”], in conjunction with any soft targets that the business may require such as commencing business in new asset classes.

 

  • Transact on behalf of the bank within the agreed PMC investment strategies, the risk constraints set for them, and the operational guidelines outlined in the TA&TG, and whilst always taking into account the most current credit related factors relating to the investment.

 

  • Begin to formulate, communicate and ultimately implement investment strategies under the supervision of the Director.

 

  • Be the eyes & ears of Treasury and the Bank in relevant markets. This includes all relevant regulatory, political and economic developments with a particular emphasis on supporting the Director in this effort.

     

  • Develop relationships with “the street” (inter-dealer brokers and investment banks as necessary) to facilitate the implementation of the PMC investment strategies, to develop insight into the characteristics of the markets we cover, to understand how bond, OTC & exchange traded markets are evolving in the face of new regulations, and to ensure counterparty lines and relevant documentation are in place for us to operate.

     

  • Develop relationships internally to facilitate and where possible improve business:
    • Middle office – trade amendments, internal bookings
    • Accounting – P&L reconciliation and estimates
    • Operations –resolution of trade settlement issues, confirmations, & corporate actions.
    • Risk Management – develop relationships with credit officers
    • CRM – advise as necessary in the execution of client-related business
    • OGC – assist as necessary in the evaluation of liability management exercises or other corporate actions, renewal of CSAs and any other documentationrelating to Dodd-Frank,

 

Knowledge, Skills, Experience & Qualifications

 

Bachelor’s degree, or equivalent experience.  Master’s degree desirable.

 

Significant proven financial markets experience, ideally in a major financial institution.

 

Demonstrable established knowledge of high grade bond markets, their dynamics and inter-linkages, preferably gained via trading / execution or a Treasury role.

 

A solid understanding of all relevant products: non-structured and structured bonds, vanilla interest rate derivatives (IRS etc.); cross currency basis swaps, asset swap packages etc.

 

Significant experience in the use of relevant systems and applications including Bloomberg, Excel (some VBA), Summit, Powerpoint, Outlook.

 

Proven strong verbal and written communication skills in English

 

Comfortable operating in a multi-cultural environment and with an interest and motivation for the Bank’s mission

 

Commitment to innovation and ability to question current methods and to adapt or generate imaginative  and new ideas

 

Results oriented with experience setting clear goals and objectives for self, focusing on the delivery of targets, quality and deadlines

 

Skilled in engaging with and developing relationships within and across teams.

 

Proactive problem solver, with attention to detail

 

 

 

Diversity is one of the Bank’s core values which are at the heart of everything it does.  A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.  As an inclusive employer, we promote flexible working.


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