About this role
- As a Structured Credit Portfolio Manager you will hold your own investment mandate for the Bank's £4bn+ treasury investment portfolio, sourcing, evaluating and executing investments across structured credit and other high-quality liquid assets, including CLOs, RMBS, ABS, SSA, covered bonds and gilts.
- The role carries responsibility for portfolio construction and investment appraisal, assessing the risk and return of each opportunity, and for building out the portfolio in line with the Bank's risk appetite and regulatory standards, including the UK Securitisation Rules.
- As well as manage the FX and interest rate risk arising from the investment book, executing derivatives to keep the portfolio appropriately hedged.
- Investment Execution Source, evaluate and execute investments across structured credit and other treasury assets, with a focus on CLOs, RMBS and ABS.
- Negotiate allocations in primary issuance and identify and execute secondary-market opportunities.
- Achieve and demonstrate best execution, with a clear view of liquidity and execution strategy for each trade.
- Build relationships with sell-side trading desks, securitisation issuers and CLO managers to source opportunities for the Bank.
- Conduct manager and deal due diligence, including fundamental credit analysis of collateral, structural protections and CLO managers, assess the risk and return of each opportunity, and prepare trade rationales.
- Ensure all investments comply with eligibility, capital and liquidity requirements.
- Portfolio Management Hold personal investment mandate for day-to-day management of the Bank's expanding £4bn+ portfolio.
- Monitor positions, P&L, risk metrics and early warning indicators across the book.
- Maintain accurate investment MI for Treasury Committee and ALCO.
- Drive continuous improvement of investment processes, data, technology and controls as the book and regulation evolve.
- Lead portfolio construction, security selection and sector allocation, proactively recommending adjustments to optimise risk/return and helping shape the portfolio's growth trajectory.
- Hedging & Risk Management Manage the FX and interest rate risk arising from the investment portfolio, executing swaps, cross-currency swaps and FX forwards as needed.
- Ensure hedging activity remains within Board-approved risk appetite and regulatory expectations as the book scales.