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Fixed Income Portfolio Manager
Responsibilities
- Manage discretionary taxable and municipal bond portfolios across income and total return mandates
- Construct duration, credit, and sector positioning strategies aligned with macro and tactical views
- Implement yield curve positioning, laddering, barbell structures, and tax-aware frameworks
- Support liability-aware and cash flow–oriented portfolio construction
- Design and manage fixed income SMA sleeves for UMA and model portfolio implementation
- Develop scalable sleeve strategies (taxable, municipal, short duration, core, credit, etc.)
- Oversee customization frameworks including state-specific municipal exposure and client restrictions
- Monitor performance, risk, and mandate adherence
- Oversee the firm’s structured note platform and approved product framework
- Evaluate structured note structures including buffered notes, income notes, autocallables, dual-directional notes, and market-linked CDs
- Analyze payoff structures, embedded derivatives, issuer credit risk, liquidity, and tax treatment
- Define concentration guardrails and suitability parameters
- Integrate structured notes appropriately within income and multi-asset portfolios
- Partner with trading desks and structured note platforms to oversee pricing and execution
- Support advisor education and compliance alignment
- Build and manage national and state-specific municipal portfolios
- Evaluate general obligation vs. revenue bond exposure
- Conduct municipal and corporate credit surveillance
- Optimize tax-equivalent yield and after-tax outcomes
- Oversee bond and structured note execution across trading platforms
- Manage dealer relationships and ensure competitive pricing
- Monitor duration, credit quality, sector exposure, and liquidity risk
- Conduct stress testing across rate and spread scenarios
- Maintain structured note exposure and concentration reporting
- Integrate fixed income capabilities into OCIO and multi-asset frameworks
- Support advisor case consultations and portfolio construction discussions
- Contribute to capital markets commentary and investment committee dialogue
- Help expand proprietary income and structured product capabilities
Qualifications
- 7–15+ years of fixed income portfolio management experience
- Direct experience managing both taxable and municipal bond portfolios
- Experience designing and managing SMA fixed income strategies
- Structured note evaluation and implementation experience
- Experience managing with discretion, not solely executing trades
- Background within an asset manager, RIA platform, OCIO environment, bank, or insurance platform
- Duration and yield curve positioning
- Credit analysis and spread evaluation
- Municipal credit underwriting
- Structured note payoff and derivative analysis
- Tax-aware portfolio construction
- SMA sleeve implementation
- Bloomberg, Yield Book, BondEdge, or comparable analytics platforms
- Structured note platforms such as HALO or SIMON
- Experience with OMS/trading systems and UMA sleeve accounting
- Series 7 and 66; OR Series 65; OR a qualifying designation to be registered as an IAR
- CFA preferred
- Municipal licenses (52/53) a plus
- This position will be remote
- Working hours are 9am-5pm Monday-Friday with the option to work remote on Fridays
- Occasional evening/weekend hours may be requested
- Full-time, Exempt
- $150,000-$250,000 base per year, dependent on experience, with additional semi-annual performance bonus opportunities
Benefits
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance