Senior Investment Grade Portfolio Manager, Public Markets

Public Markets | Capital Markets | Retirement Solutions & Asset Management

Job Type: Permanent

Location: This role will be based in our London office with some flexibility to work between the office (min. 3 days per week) and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process.

Salary and Benefits
: from £160,000+ (subject to experience)

• plus bonus
• private medical cover
• 38 days annual leave
• excellent pension
• 12x salary life assurance
• career breaks
• income protection
• 3x volunteering days
• and much more

Who are we?

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.

A rare opportunity for an experienced fixed income portfolio manager to influence investment strategy, trading activity and portfolio performance at significant scale.

Standard Life is entering an exciting new phase of growth. Following the recent expansion of our Pension Risk Transfer (PRT) business through strategic partnerships with CVC, Prudential Financial, Goldman Sachs and MS&AD, supported by an initial capital commitment of up to £2 billion, we continue to invest in the long-term growth of our retirement business and investment capabilities.

We are seeking a highly experienced Senior Investment Grade Portfolio Manager to join our Public Markets team. This senior front‑office role will manage a substantial annuity‑backed credit portfolio, combining portfolio construction, dynamic risk management and direct transaction execution across global fixed income markets.

The successful candidate will bring extensive experience managing investment‑grade credit portfolios
, combined with deep expertise across fixed income markets
, including financial and corporate bonds, government debt, private placements and structured credit. Equally important is a very strong understanding of insurance asset management
, including the application of Solvency II
, UK Matching Adjustment requirements and balance sheet optimisation within annuity portfolios.

Working closely with colleagues across Investments, ALM, Research, Strategy and PRT Origination, you will play a pivotal role in portfolio management, investment decision‑making and transaction execution, helping to support the continued growth of one of the UK's leading retirement businesses.

The Public Markets Team

The Public Markets team is responsible for the management, optimisation and risk oversight of Standard Life's annuity‑backed Public Credit portfolio.

Managing a globally diversified Investment Grade portfolio, the team focuses on credit portfolio construction, Solvency II optimisation, balance sheet efficiency and long‑term risk‑adjusted performance. The team plays a central role in supporting PRT transactions through asset pricing, portfolio construction, investment execution and ongoing portfolio management.

Working in partnership with colleagues across Private Markets, Macro Markets, Asset Liability Management (ALM), Research, Strategy and PRT Origination, the team contributes throughout the full lifecycle of a transaction, while also maintaining key relationships with banking counter parties and…