Fund Manager, Fixed Income
At Principal, we invest in what matters. And building dedicated teams is where it all begins. We’re drawn to people who bring outstanding perspectives, passion, and expertise to help us advance the financial security and well-being of our customers. We also aim to transform our growing business and drive positive change in the communities where we live and work.
When we invest in you, and you invest in us, great things happen.
We are seeking a Fund Manager, Fixed Income, to join our Investment team. This role reports directly to the Head of Fixed Income Investment and is responsible for managing fixed income portfolios in line with established investment processes, client mandates, and risk guidelines.
The successful candidate will play a key role in portfolio construction, investment analysis, and execution, contributing to the delivery of consistent risk‑adjusted investment performance.
Responsibilities:
- Manage fixed income portfolios in accordance with approved mandates, ensuring disciplined investment execution and alignment with client objectives and risk parameters.
- Construct and implement portfolio strategies, including duration positioning, yield curve strategies, sector allocation, and security selection, to achieve targeted performance and risk‑adjusted returns.
- Conduct credit and macroeconomic analysis, while continuously monitoring market developments and economic conditions, including interest rate trends, monetary policy, credit fundamentals, and global market dynamics, to support investment decisions and portfolio positioning.
- Identify and evaluate investment opportunities across fixed income instruments, including government bonds, corporate bonds, and other approved instruments, in line with portfolio objectives and applicable guidelines.
- Monitor portfolio performance, positioning, and risk exposures, and provide analysis and recommendations to internal forums including team discussions and Investment Committee meetings.
- Oversee liquidity management and foreign exchange considerations to ensure efficient portfolio implementation.
- Collaborate with team members and relevant stakeholders, including fund managers, dealers, risk management, multi‑asset teams, and regional fixed income colleagues across markets, to support effective portfolio construction and the exchange of investment insights.
- Participate in client engagement activities, including performance review meetings, presentations, and responses to client or consultant inquiries.
- Prepare investment‑related materials, including portfolio updates, market commentary, and presentation materials, for internal and external stakeholders.
- Ensure compliance with internal policies, investment guidelines, and regulatory requirements in all investment activities.