Senior Fixed Income Portfolio Manager at Momentum Metropolitan Holdings Limited

Role Purpose    

• The Senior Portfolio Manager – Fixed Income is accountable for the end-to-end management, performance, and risk outcomes of fixed income portfolios across multiple mandates.
• The role is responsible for setting and executing portfolio strategy, leading sophisticated investment decision-making across yield curves and instruments, and contributing to the broader investment and business strategy of the organisation.
• The incumbent will operate as a senior investment professional, applying deep market expertise, disciplined portfolio construction, and active risk management to deliver superior, risk-adjusted outcomes aligned to client objectives, mandates, and the Fixed Income team’s philosophy, while supporting the Momentum Group’s strategic objectives.

Requirements    

• Bachelor’s degree in a relevant discipline such as Investment Management, Finance, Mathematics, Economics, or similar.
• Honours degree or postgraduate qualification preferred.
• CFA designation (or actively studying towards CFA) or equivalent professional qualification strongly advantageous.
• Minimum of 7–10 years’ experience in fixed income portfolio management, trading, or related investment roles, with demonstrated accountability for portfolio outcomes.
• Proven experience in portfolio construction, asset allocation, risk management, and performance attribution.
• Strong understanding of South African and global macro-economic drivers, fixed income markets, and regulatory environment.
• Experience contributing at senior investment committee level is advantageous. 

Duties & Responsibilities    

Portfolio Strategy, Construction and Management

• Take full accountability for the performance, risk profile, and mandate compliance of assigned fixed income portfolios.
• Lead end-to-end portfolio management, including asset allocation, security selection, trading, rebalancing, and cash management.
• Construct and manage portfolios across the yield curve using a robust, research-driven investment process.
• Position portfolios tactically to enhance returns while maintaining alignment to strategic asset allocation and risk budgets.
• Ensure asset allocation views are consistently reflected and implemented across relevant mandates.
• Utilise derivatives, where permitted by mandate, to enhance returns, manage risk, or protect portfolio outcomes.
• Maintain oversight of portfolio adherence to mandates, regulatory requirements, and internal investment governance standards.

Investment Research, Insight and Decision-Making

• Lead and contribute to in-depth analysis of South African and global fixed income markets, macro-economic conditions, monetary policy, and credit dynamics.
• Develop, maintain, and enhance quantitative and qualitative models to support valuation, risk analysis, and investment decisions.
• Identify key investment themes, opportunities, and risks with material impact on performance, income, and capital preservation.
• Drive rigorous debate, challenge, and peer review within the Fixed Income team to strengthen investment outcomes.
• Contribute to the ongoing development and refinement of the Fixed Income investment philosophy and process.

Trading, Execution and Risk Management

• Oversee and actively participate in trading activity, ensuring best execution and effective implementation of investment decisions.
• Engage with dealing desks and relevant stakeholders to manage trade limits, liquidity considerations, and execution strategy.
• Monitor portfolio risk, diversification, and exposures at asset class and instrument level.
• Ensure consistent application of risk management frameworks, controls, and escalation protocols.

Governance, Committees and Reporting

• Actively contribute to the House View Investment Committee, Asset Allocation Committee, and other relevant forums.
• Implement committee decisions and house views across portfolios in a disciplined and timely manner.
• Collate, analyse, and present investment insights, portfolio positioning, and market outlooks to internal committees and senior stakeholders.
• Monitor portfolio performance and conduct detailed attribution analysis to explain outcomes and inform future decisions.

Client, Stakeholder and Business Contribution

• Provide senior-level technical expertise and insight to support client engagement, sales, and marketing initiatives.
• Engage with internal and external stakeholders to ensure clear communication of investment strategy, positioning, and performance.
• Manage service delivery against agreed service level agreements and client expectations.
• Make recommendations to enhance client outcomes, fair treatment of clients, and overall service quality.
• Represent the Fixed Income capability through industry engagement, networking, and benchmarking to sustain competitive advantage.

Leadership, Collaboration and Culture

• Act as a senior contributor and mentor within the Fixed Income team, providing guidance, support, and cover where required.
• Foster a collaborative, high-performance culture that encourages learning, innovation, and accountability.
• Contribute to the strategic direction of the investment team and broader business.
• Drive innovation in investment approaches, tools, and processes to improve efficiency and outcomes.

Operational Excellence and Continuous Improvement

• Identify opportunities to enhance operational efficiency and cost-effectiveness within area of responsibility.
• Manage financial and other resources under control responsibly and in line with company policies.
• Continuously upskill and remain current with industry developments, best practices, and regulatory changes to remain future-fit. 

Competencies    

• Business acumen
• Client/Stakeholder commitment
• Driving for results
• Leads change and innovation
• Collaborations
• Impact and influence
• Self-awareness and insight
• Diversity and inclusiveness 

Closing Date    

• 2026/06/07