Senior Investment Grade Portfolio Manager, Public Markets

Phoenix Group
London
Workplace: HybridFull timeGBP 160,000+ annuallyFunction: Capital Markets, Trading & QuantEducation: bachelorsSkills: ["Analytical capability","Commercial judgement","Stakeholder influence","Risk-aware decision-making","Relationship building"]

Own portfolio management and direct trading for a globally diversified investment-grade, annuity-backed credit portfolio. Drive investment decision-making and portfolio construction through dynamic risk management across GBP, EUR, and USD markets, while supporting Solvency II balance sheet optimisation and PRT transactions. Collaborate across Investments, ALM, Research, Strategy, and PRT origination to evaluate opportunities, execute trades, and communicate portfolio risks and views to governance forums.

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Phoenix Group
Phoenix Group
15 hours ago

Senior Investment Grade Portfolio Manager, Public Markets

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Last checked: 1 hour agoStatus: Live

Job Summary

Own portfolio management and direct trading for a globally diversified investment-grade, annuity-backed credit portfolio. Drive investment decision-making and portfolio construction through dynamic risk management across GBP, EUR, and USD markets, while supporting Solvency II balance sheet optimisation and PRT transactions. Collaborate across Investments, ALM, Research, Strategy, and PRT origination to evaluate opportunities, execute trades, and communicate portfolio risks and views to governance forums.
Location: London
Workplace: Hybrid
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Mid level

Key Responsibilities

  • •Own portfolio management and trading decisions within agreed mandates and governance frameworks, from idea generation through market execution.
  • •Manage investment-grade credit exposures across financial and corporate sectors, including specialist asset classes in collaboration with external asset managers.
  • •Deliver Solvency II value-accretive trading and proactive credit risk management across annuity portfolios.
  • •Drive portfolio construction, optimisation, and risk management across Standard Life’s investment grade credit portfolios.
  • •Support PRT portfolio construction and optimisation, including maintaining robust and efficient asset-pricing capabilities and ongoing back-book management.

Pay and Benefits

Salary: GBP 160,000 annually
Perks:Health InsurancePaid LeavePensionLife InsuranceIncome ProtectionVolunteering Days

Key Requirements

  • •Extensive experience managing investment-grade credit portfolios with direct transaction execution across investment-grade financial and corporate bonds, government debt, structured credit, and private placements.
  • •Strong insurance asset management background, including Solvency II, UK Matching Adjustment requirements, and balance sheet optimisation for annuity portfolios.
  • •Proven track record of managing risk, delivering performance, and executing transactions directly with market counterparties across GBP, EUR, and USD markets.
  • •Advanced portfolio construction, optimisation, and dynamic risk management skills, with clear understanding of impacts on economic and regulatory balance sheet metrics and capital efficiency.
  • •Degree qualified in Finance, Economics, Mathematics, Business or a related discipline (CFA preferred).
Experience:Investment-grade creditFixed incomeInsurance asset managementPension Risk Transfer (PRT)Retirement solutions
Education:Bachelor's in Finance, Economics, Mathematics, Business or related discipline
Skills:Analytical capabilityCommercial judgementStakeholder influenceRisk-aware decision-makingRelationship building
Certifications:CFACFA Charterholder
Tech Stack:Solvency IIUK Matching AdjustmentIFRS17AladdinPythonInvestment technology platforms

Company Brief

Phoenix Group
A UK long-term savings and retirement business operating brands including Standard Life, SunLife, Phoenix Life and ReAssure, managing pensions, annuities and wealth solutions with c.12 million customers and large assets under administration.
Industry: Wealth Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1782
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Glassdoor: 3.8
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