Portfolio Manager, Structured Credit

Role Overview

We have partnered with a leading global asset manager looking to hire a Senior Structured Credit Portfolio Manager to join their highly respected Multi-Sector Fixed Income platform.

Reporting directly to the CIO of Fixed Income, the successful candidate will be responsible for building and managing a dedicated structured credit sleeve within a flagship credit strategy. The mandate will focus on public, liquid structured credit markets, including consumer ABS, RMBS (with a particular emphasis on US non-agency mortgages), and other securitised products.

This is a highly entrepreneurial opportunity for an experienced investor to establish and grow a structured credit capability within an established institutional platform. The role offers immediate portfolio responsibility, significant autonomy, and a long-term path toward launching dedicated structured credit vehicles and institutional mandates.

Key Responsibilities

• Build and manage a structured credit allocation within a flagship multi-sector credit strategy.
• Invest across public structured credit markets, including consumer ABS, RMBS, CLOs, and other securitised products.
• Conduct fundamental credit analysis, cashflow modelling, and relative value assessment across structured credit opportunities.
• Generate investment ideas and portfolio construction recommendations designed to enhance diversification and risk-adjusted returns.
• Manage approximately $200-300 million of initial capital, with scope for significant growth as the strategy scales.
• Work closely with senior portfolio managers, quantitative analysts, and risk teams to develop investment processes and portfolio analytics.
• Leverage quantitative and technology-driven tools to support security selection, portfolio construction, and risk management.
• Contribute to the development of future structured credit products, including dedicated vehicles and institutional mandates.
• Monitor market developments, issuance activity, and relative value opportunities across global structured credit markets.

Requirements & Qualifications

• 10-15+ years of investment experience within structured credit, securitised products, or fixed income portfolio management.
• Strong expertise across ABS markets, particularly US non-agency RMBS and consumer ABS.
• Working knowledge of broader structured credit sectors, including CLOs and European securitised products.
• Proven track record investing or trading across public, liquid structured credit markets.
• Deep understanding of credit structures, subordination mechanics, tranching, and cashflow analysis.
• Strong quantitative and analytical skillset, with the ability to utilise data-driven investment tools and portfolio analytics.
• Experience operating within daily liquidity investment vehicles; private credit-only backgrounds are unlikely to be suitable.
• Global investment perspective with the ability to evaluate opportunities across multiple geographies and product types.
• Excellent portfolio construction and risk management capabilities.
• Entrepreneurial mindset with the ability to build and scale a strategy within a growing platform.