Emerging Debt Associate Portfolio Manager

Company Profile

Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer investment strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, equity, fixed income and alternative offerings.

We manage approximately $78bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate.

GMO is privately owned and employs over 430 people worldwide. We are headquartered in Boston, with additional offices in Europe, Asia and Australia. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results.

Please follow the prompts included in this job posting to apply. The application window for this role is anticipated to remain open until the job is filled, or as otherwise determined by GMO.

The Emerging Debt Team at GMO is seeking an experienced investment professional to join as Associate Portfolio Manager focusing on separate account implementation and management. This role emphasizes the successful replication of flagship strategies across multiple SMAs while ensuring strict adherence to client-specific guidelines and constraints, and with particular emphasis on real-time trading decisions, comprehensive allocation documentation, and detailed attribution analysis.

The current team is comprised of three PMs, two sovereign analysts, and two corporate analysts, all located in Boston. The team manages about $10 billion across benchmarked (hard currency, local currency, and blended) and total return strategies. It’s expected this person would work in Boston, although we may consider candidates residing in London.

The primary responsibility of the role is to own key SMA relationships, delivering the full breadth of client experience enjoyed by GMO fund investors. In so doing, the role offers full access to learning about the investment process of this top-ranked team.

• Own the SMAs in line with the main funds, working collaboratively with the PMs, and ensuring each SMA follows account‑specific guidelines.
• Work alongside the portfolio managers, traders, and research analysts providing critical support in the monitoring of strategies, analytics, portfolio characteristics, and supporting the portfolio management, trade allocation, and trading process.
• Maintain reports for key portfolio exposures and communicate these exposures to SMA clients.
• Maintain thorough understanding of client Investment Management Agreements (IMAs), investment guidelines, and operational requirements. For new clients, work with the client to align IMAs to flagship wherever possible.
• Monitor and execute portfolio trades related to subscriptions/redemptions.
• Maintain constant real‑time monitoring of flagship strategy trading activity to identify participation opportunities. Make split‑second decisions on trade participation based on comprehensive analysis of account guidelines, constraints, and portfolio needs, using Aladdin as pre‑trade compliance where applicable.
• Work proactively with flagship portfolio manager to quickly bundle SMA trades with flagship strategy execution when participating, ensuring no delay to flagship implementation.
• Where restrictions from participating exist, quickly determine if alternatives/substitutes might be permitted.
• Allocate and reconcile trades in a timely manner. Create detailed, time‑stamped…