Vice President, External Investment Mangers - Fixed Income Blog Post

Vice President, External Investment Mangers – Fixed Income January 15, 2025

Type of Role : Investments

Experience Level : VP / Principal / Director

Location : Waltham, Massachusetts

FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

This is a senior role, working closely with the Portfolio Manager, External Investment Management – Public Markets, Senior PM's, Chief Investment Officer (CIO), and other senior Investments leaders and staff, across asset classes, with a primary focus on public Fixed Income investments with our external investment management partners. The assets under collaborative management would be $3Bil. or higher. This role will work closely with other Public and Private Markets PM's, the Asset Allocation, Strategy group, and Investment Operations.

The role will require extensive expertise and experience in constructing portfolios with core fixed income investment products with a strong understanding of the objectives of the overall investment process. Key responsibilities include :

Externally managed public core fixed income portfolio construction.

Work with Asset Allocation to define focus areas for strategy selection and manager diligence.

Monitor current portfolio and strategies to determine if they are designed optimally.

Develop strong understanding on sources of excess return.

External Manager diligence, selection, underwriting, and monitoring.

Build and maintain relationships with existing and new investment management partners.

Conduct periodic portfolio review meetings, calls to stay updated on performance and its drivers, risk, views, and positioning.

Explain drivers of performance to investment leadership and recommend portfolio actions.

Collaborate with performance analytics for better return and attribution reporting, and work with risk and quantitative analysis team for risk and exposure monitoring.

Align with PM, Senior PM, and CIO's strategy, portfolio construction; and collaborate on portfolio construction, investments monitoring, and risk management across asset classes.

Share insights from external core Fixed Income managers that would be relevant to the total portfolio.

Work closely with senior PM's, CIO, and other senior investments leads on periodic, ad-hoc, and special research projects.

Minimum Requirements

BA or BS required; MBA, CFA, CAIA or other advanced degree related to investments, economics, finance, or quantitative analysis preferred.

8+ years of relevant sector specific experience in investments, financial markets, and / or financial risk management.

Global financial markets, investments, risk management, and economics related experience across asset classes, and risk and quantitative analysis.

Strong interpersonal, communication, presentation, analytical, and collaboration skills.

Experience collaborating with other internal stakeholders and partners – investment accounting, legal, tax, and other departments.

Ability to operate as an effective tactical as well as strategic thinker with flexibility to adapt to and positively influence new processes / infrastructure.

Strong mentoring and coaching experience with excellent judgment and creative problem-solving skills including negotiation and conflict resolution skills.

Fast learner with a strong teamwork-based mindset, and passion for financial markets, corporate finance, and investment risk management.

Collaborative mindset, people management skills, and leadership experience required.

Expert knowledge in using Bloomberg, FactSet, and similar investment systems.

The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM Global's comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances, and much more.

FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

J-18808-Ljbffr