Associate Portfolio Manager, L&G - Asset Management, America

• Full-time
• Permanent/Regular or Fixed Term Contract/Temporary:
  Permanent (UK and ROW) / Regular (US)
• L&G Business Unit:
  Legal & General Investment Management
• L&G sub Business Unit: LGIMA
• Primary
  
  Location:
  
  USA, Chicago
• Job Family:
  Active Fixed Income
• Compensation: USD 130,000 - USD 160,000 - yearly

L&G's Asset Management business is a major investor across public and private markets worldwide, with $1.533 trillion in AUM.
* Our clients include individual savers, pension scheme members and global institutions, who invest alongside L&G’s own balance sheet.

Our ambition is to be a leading global investor, innovating to solve complex challenges for our clients using the power of L&G. This is rooted in our investment philosophy and processes, which are focused on creating value over the long term.

We believe that incorporating financially material sustainability criteria, when relevant to our clients, can generate value and drive positive change.

The Associate Portfolio Manager, Emerging Markets works closely with the Emerging Markets portfolio management team to support the management of client portfolios in accordance with investment objectives, portfolio guidelines, and LGIMA investment strategy views. The role is responsible for portfolio implementation, monitoring, trading support, cash management, risk oversight, and portfolio reporting activities across Emerging Markets strategies. Working under the direction of senior portfolio managers, the Associate Portfolio Manager helps ensure efficient portfolio execution and adherence to client, regulatory, and risk requirements.

Supports portfolio implementation and monitoring activities across Emerging Markets strategies. Influences portfolio outcomes through portfolio analytics, trade implementation, cash management, risk monitoring, and operational coordination. Works closely with Portfolio Managers, Research Analysts, Trading, Operations, Compliance, and other internal business partners to facilitate efficient portfolio management and execution. Operates without independent investment authority and escalates investment recommendations and portfolio decisions to senior portfolio managers

Regular Duties

• Support portfolio construction and implementation activities across Emerging Markets mandates and client portfolios.
• Monitor portfolio exposures, position weights, duration, spread risk, sector allocations, and other risk metrics relative to benchmarks and portfolio guidelines.
• Construct and submit trade orders under the direction of portfolio managers.
• Monitor portfolio holdings and trade activity for compliance with client investment guidelines and internal policies.
• Manage portfolio cash balances, contributions, withdrawals, corporate actions, and benchmark changes.
• Analyze portfolio positioning and performance to support investment decision-making.
• Support portfolio reporting activities, including performance analysis, attribution, risk metrics, portfolio changes, and client-facing materials.
• Collaborate with Research Analysts and Portfolio Managers to evaluate investment opportunities and implement approved investment decisions.
• Coordinate with Trading, Compliance, Legal, Operations, and other internal stakeholders to facilitate portfolio management activities.
• Maintain accurate portfolio records and ensure timely completion of portfolio management processes and controls.
• Adhere to all applicable regulatory, compliance, risk management, and ESG-related requirements.

• Assist with portfolio transitions, client onboarding activities, and funding events.
• Support preparation of investment presentations, marketing materials, and client meeting content.
• Contribute to investment team projects and strategic initiatives.
• Conduct portfolio and risk-related analyses to support research and portfolio management efforts.
• Recommend and assist in implementing process improvements, automation opportunities, and operational efficiencies across the investment platform.
• Participate in investment committee preparation and strategy-related projects as assigned.

• Bachelor's degree in Finance, Economics or a quantitative field required.
• CFA or Master’s degree in relevant field is preferred.
• 5+ years of buyside experience in investment management or sell side experience on trading desk, preferably within emerging markets fixed income
• Knowledge of fixed income concepts including duration, spread risk, yield curve…