Senior MBS Portfolio Manager (Senior Portfolio Officer)

The Senior MBS Portfolio Manager will manage Agency MBS portfolios within the Securitized Products Unit of the Treasury department. The role involves portfolio construction, risk positioning, investment decision-making, and client engagement to support fixed-income portfolios benchmarked to the Bloomberg Agency MBS Index.

Responsibilities

• Lead or contribute to investment policy implementation, portfolio construction, and active risk positioning for fixed-income portfolios benchmarked to an agency MBS index.
• Provide expertise in investment policy, asset allocation, market strategy, and portfolio reviews.
• Generate and implement high-conviction investment ideas across Agency MBS sectors.
• Manage duration, spread, convexity, and liquidity risks within budgeted guidelines.
• Monitor portfolio risk exposures and performance drivers continuously.
• Coach and train junior-level staff supporting the Agency MBS business.
• Leverage and help develop technology and analytics to enhance trading execution and risk management.
• Provide timely updates to stakeholders regarding MBS market developments and regulatory changes.
• Collaborate across Treasury teams to strengthen risk management and investment processes.
• Strengthen relationships with industry participants, federal mortgage agencies, and dealer counterparties.
• Lead or participate in professional collaboration with official sector reserves managers and other institutions through missions, advisory engagements, workshops, and client meetings.
• Contribute to additional projects as needed within the department.

Requirements

• Master’s degree in business, finance, economics, mathematics, statistics, or a related field.
• Substantial relevant experience in fixed income and securitized products asset management.
• Minimum of eight years of experience managing Agency MBS portfolios.
• CFA or similar professional certification is a plus.
• Demonstrated strategic investment insight, trading perspective, and research expertise across benchmarked strategies involving Agency MBS and other structured products.
• Deep expertise in Agency MBS and broader securitized products markets, including securitized credit.
• Strong knowledge of global fixed income markets and instruments, including money markets, government bonds, interest-rate futures, supranationals, sovereigns, agencies (SSAs), and OTC interest-rate derivatives.
• Experience managing portfolio risk through risk allocation, position sizing, and performance attribution.
• Ability to make timely decisions under uncertainty.
• Strong analytical, quantitative, and modeling skills, including experience analyzing or modeling Agency MBS and other securitized products.
• Familiarity with tools and systems supporting trading, portfolio management, and risk oversight.
• Independent and agile thinker with strong initiative and sound business judgment.
• Excellent verbal and written communication skills with experience presenting market views and investment recommendations.
• Strong interpersonal and stakeholder management skills with ability to collaborate across multidisciplinary teams.
• Demonstrated ability to develop and mentor junior staff.
• Commitment to ethical and professional conduct consistent with CFA Institute Code of Ethics and Standards of Professional Conduct.
• Proficiency in additional languages is an advantage.

Skills

• Fixed Income Asset Management
• Securitized Products Management
• Agency MBS Portfolio Management
• Strategic Investment Analysis
• Trading Strategies
• Research Expertise
• Global Fixed Income Markets
• Money Markets Knowledge
• Government Bonds
• Interest-Rate Futures
• Supranational Bonds
• Sovereign Bonds
• SSA Agencies
• OTC Interest-Rate Derivatives
• Portfolio Risk Management
• Risk Allocation Negotiation
• Position Sizing
• Performance Attribution
• Quantitative Economic Modeling
• Investment decision making
• Trading Systems
• Portfolio Management
• Risk Oversight Systems
• Market Analysis
• Investment Recommendations
• Stakeholder Management
• Technical Mentoring
• Ethical Conduct
• CFA Certification

Languages

English