Asset Management - GFICC- EMD LOCAL Portfolio Manager- Vice President

Portfolio Manager - Emerging Market Local Debt

The Global Fixed Income, Currency and Commodities team (GFICC) at J.P. Morgan Asset Management is one of the world’s deepest and best-resourced fixed income managers, with expertise across all major fixed income sectors, including niche markets. Every investment decision in our fixed income solutions is underpinned by the proprietary research of a globally integrated team of sector specialists. Our shared research language, combining fundamental, quantitative valuation and technical inputs, facilitates the comparison of ideas across sectors and geographies.

Global Fixed Income, Currency and Commodities manages a broad range of strategies, through funds and/or separate accounts, including broad market, long duration, stable value, intermediate high yield, emerging market debt, short and ultra short duration, global bonds, structured products, mortgages and tax aware strategies.

• Own the generation, evaluation, and implementation of investment ideas in Emerging Markets (EM) local rates and currencies to deliver excess returns consistent with the portfolios’ risk budgets, investment guidelines, and benchmark constraints.
• Develop and articulate macro and market views across assigned EM countries/regions, and translate those views into portfolio positioning recommendations.
• Collaborate across the Global Fixed Income, Currency & Commodities (GFICC) platform to incorporate cross sector insights into EM Local portfolios and to communicate the EM Debt (EMD) team’s house view to internal stakeholders.

• Source, structure, and execute trade ideas across EM local curves and relative value expressions, targeting alpha within defined risk limits and liquidity parameters.
• Manage positions through the full lifecycle: entry, risk calibration, performance attribution, and exit, with clear documentation of thesis, catalysts, and risk factors.
• Optimize country and curve exposures (e.g., duration, DV01 allocation, curve shape, break evens) in line with portfolio objectives and client guidelines.

• Maintain and present a rigorous macro framework for assigned EM countries/regions.
• Produce timely, high conviction recommendations informed by data, policy trajectories, and market technicals; update views as catalysts evolve.

• Partner with global rates, FX, credit, and quant teams to integrate cross asset insights into EM Local portfolios.
• Communicate the EMD team’s views to portfolio managers, traders, and client facing teams; contribute to investment committees and risk forums.

• Adhere to portfolio guidelines, risk budgets and compliance requirements; ensure positions align with approved mandates and liquidity profiles.
• Monitor and report key risk metrics (e.g., tracking error, VaR, stress, scenario/sensitivity analysis); elevate deviations promptly and propose mitigation actions.
• Contribute to formal performance attribution and post trade reviews, including lessons learned and process improvements.

• Build and maintain models, dashboards, and datasets supporting signal generation, valuation and risk monitoring (e.g., carry/roll, term premium, fair value frameworks).
• Leverage coding and LLM based tools to accelerate research, backtesting and documentation while adhering to data governance standards.

• Primary decision remit:
  Propose and size trades within the EM Local rates opportunity set; implement trades subject to portfolio manager approval and risk limits.
• Coverage scope:
  Assigned EM countries/regions in EMEA and/or broader EM as determined by the team; may shift as team needs evolve.
• Risk parameters:
  Operate within pre agreed risk budgets (e.g., DV01, tracking error, country limits) and liquidity thresholds; comply with client and regulatory constraints.

• 5-10 years of experience managing or taking risk in EM local rates, including hands on execution in government bonds and interest rate derivatives.
• Demonstrated track record of alpha generation…