Associate Portfolio Manager, Cash & Liquidity

Role Overview

We have partnered with a tier-1 alternative investment manager looking to hire an Associate Cash & Liquidity Portfolio Manager to join their Zurich-based investment team. The successful candidate will work directly alongside a senior portfolio manager who oversees all cash & liquidity portfolio management for a significant balance sheet (double-digit billion AUM) spanning multiple European markets.

This role will initially focus on cash & liquidity portfolio management while playing a key role in further enhancing the infrastructure and tools used on the desk (ahead of further expected AUM growth), which requires a candidate with a quantitative background and coding skills, alongside portfolio management/trading experience.

The position is best suited to candidates with 3-6 years’ experience in cash & liquidity management, STIR/Repo trading, or treasury-focused investment roles who are excited about the opportunity to join a fast-growing, highly profitable, and entrepreneurial investment team.

Key Responsibilities

• Daily cash & liquidity portfolio management, monitoring, and forecasting across a complex, multi-entity European balance sheet structure
• Driving pnl across the cash & liquidity function
• Contribute to enhancing internal analytics infrastructure to support scalable and accurate cash reporting, scenario testing, and stress analysis
• Collaborate closely with quants and other teams to implement derivative margin modeling and forecasting tools
• Support the design and management of repo financing lines and liquidity backstops to strengthen operational resilience
• Begin contributing to investment decisions, particularly in deploying surplus cash into return-generating liquid fixed income instruments (e.g., money markets, IG credit, SSA, ABS, RMBS, covered bonds, structured credit).
• Over time, assist with trade idea generation, working closely with senior macro PMs and the broader investment team

Requirements & Qualifications

• 3–6 years of relevant experience in one or more of the following: treasury, repo trading, ALM, or liquidity-focused portfolio management
• Strong Python/coding skills for developing analytical tools and enhancing reporting infrastructure (not reliant on downstream technology teams)
• High degree of quantitative rigour and modelling ability; able to build scenario testing tools, derivative stress simulations, and scalable reporting frameworks
• Strong understanding of liquidity dynamics and forward-looking cash planning across large balance sheets
• A growth-oriented mindset with the maturity to initially “own” and elevate the cash management infrastructure before transitioning into risk-taking
• Interest in combining operational and investment responsibilities-this is not a high-frequency trading role, but one that involves discretion and responsibility within a structured, institutional framework
• Comfortable collaborating with internal partners across middle office, finance, reporting, and insurance balance sheet teams across Europe