Fund Manager, Fixed Income

About the Role

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 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.
• Conduct credit and macroeconomic analysis and continuously monitor market developments, interest rate trends, monetary policy, and global market dynamics to support investment decisions.
• Identify and evaluate investment opportunities across fixed income instruments, including government bonds, corporate bonds, and other approved instruments.
• Monitor portfolio performance, positioning, and risk exposures; provide analysis and recommendations to internal forums and Investment Committee meetings.
• Oversee liquidity management and foreign exchange considerations to ensure efficient portfolio implementation.
• Collaborate with fund managers, dealers, risk management, multi‑asset teams, and regional fixed income colleagues to support portfolio construction and share investment insights.
• Participate in client engagement activities, including performance review meetings, presentations, and responses to client or consultant inquiries.
• Prepare investment‑related materials such as 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.

Qualifications

• Degree in a relevant discipline; advanced degrees or professional qualifications are an advantage.
• Minimum 3–5 years of relevant experience in fixed income portfolio management, asset management, or investment roles.
• Holder of a Fund Manager license issued by the SEC; CFA or progress toward CFA charter is an advantage.
• Strong knowledge of fixed income markets, including interest rate dynamics, credit analysis, portfolio construction techniques, and derivatives (experience preferred).
• Solid analytical skills with the ability to interpret macroeconomic and market developments and translate them into actionable investment decisions.
• Good understanding of investment products, instruments, and regulatory requirements relevant to fixed income investing.
• Strong communication and presentation skills and ability to articulate investment views to internal and external stakeholders.
• Ability to work effectively in a team environment and collaborate across functions and regions.

Additional Information

Principal Financial Group is a Fortune 500 global leader in financial services specializing in insurance, retirement, and asset management. We have 18,000 employees and 51 million customers around the world with over $714B in assets under management.