Fixed Income Analyst

Fixed Income Analyst

• Location: New York City
• Fulltime 5 days per week (some work from home options monthly)

• Position Overview
• Our client is seeking a Fixed Income Analyst to join their investment team and support the management of total return fixed income portfolios.
• The role will have a broad mandate across fixed income markets, with a focus on asset allocation, cross-sector relative value, yield curve and duration positioning, security selection, and disciplined portfolio risk management.
• The successful candidate will work closely with Portfolio Managers to assess macroeconomic and market developments, identify relative value opportunities across fixed income sectors, and translate investment views into actionable portfolio strategies.

• Responsibilities.
• Support Portfolio Managers in the management and positioning of total return fixed income portfolios across a broad range of asset classes and strategies.
• Identify and evaluate relative value opportunities across asset classes, sectors, maturities, and individual securities, with a focus on return potential and risk-adjusted returns.
• Analyze U.S. and global interest rate markets, including rate levels, yield curve dynamics, term premium, and cross-market opportunities, and recommend duration, yield curve, and maturity positioning.
• Assess key macroeconomic and policy developments, including: inflation, labor markets, economic growth, monetary and fiscal policy, and financial conditions—and translate them into actionable portfolio views.
• Evaluate investment opportunities across government bonds, investment grade and high yield credit, Agency MBS, securitized products, leveraged loans, and other fixed income sectors.
• Develop expected return analysis incorporating yield, carry, roll-down, spread movements, interest rate changes, and other relevant return drivers.
• Monitor market technicals, including fund flows, new issuance, investor positioning, liquidity, and supply/demand dynamics, to identify tactical investment opportunities.
• Conduct portfolio analytics, scenario analysis, and stress testing to evaluate portfolio behavior across different interest rate, yield curve, credit spread, and macroeconomic environments.
• Monitor key portfolio risk exposures, including duration, key-rate duration, spread duration, sector allocation, credit quality, currency exposure, liquidity, and concentration.
• Perform performance attribution and benchmark-relative analysis to identify key drivers of portfolio returns and generate investment ideas to enhance performance.

• Requirements.
• 4–7 years of relevant experience in fixed income asset management, portfolio management, investment strategy, trading, or research.
• Broad knowledge of fixed income markets, including rates, corporate credit, securitized products, and global fixed income.
• Strong understanding of yield curves, duration, spread duration, carry, roll-down, relative value, and total return analysis.
• Strong understanding of macroeconomic trends and monetary policy and their implications for interest rates, yield curves, credit spreads, and portfolio positioning.
• Strong relative value analysis and investment judgment, with the ability to compare opportunities across asset classes and translate market views into actionable investment recommendations.
• Experience with portfolio construction and analytics, including risk and scenario analysis, performance attribution, and benchmark-relative portfolio management.
• Proficiency with Bloomberg Terminal and Excel; experience with Bloomberg PORT or similar portfolio analytics platforms preferred.
• Strong quantitative, analytical, and communication skills, with a strong work ethic, collaborative mindset, and confidence to contribute investment views in a team-oriented environment.