Senior Portfolio Manager, Market

We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.

At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.

The Money Market Portfolio Manager is responsible for the management of the organization’s 2(a)7 mutual funds and the overall management of the organization’s cash holdings across multiple accounts and portfolios. The role owns portfolio construction, risk management, and compliance with SEC Rule 2(a)7 and internal risk guidelines.

• Leads day-to-day management of short-term fixed income portfolios and various cash management mandates focused on capital preservation, daily liquidity, and competitive yield.
• Actively manages and collaborates with trading desk to execute trades in short-term instruments including U.S. Treasury bills, commercial paper, agency securities, and collateralized repurchase agreements.
• Ensures continuous compliance with SEC Rule 2(a)7 and internal risk management guidelines.
• Maintains portfolio WAM/WAL, quality, diversification, and maturity structure within policy limits.
• Manage, develop and maintain strong relationships with securities dealers and counter parties including sales coverage, traders, and syndicate desks.
• Manages the organization’s securities lending effort. This includes managing the Securities Lending Trust as well as relationships with our securities lending agents.
• Produces periodic commentary related to Federal Reserve policy developments and expectations, liquidity conditions, flows, and broadly communicate these to senior investment management, portfolio management teams, and trading desk.
• Present portfolio strategy, risk metrics, and performance updates to senior management, clients, and other stakeholders.
• Models Thrivent’s leadership competencies – courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable.
• Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.

Required:

• Master’s degree in finance, business administration, another related field, or CFA designation.
• Seven or more years experience managing or assisting in management of money market portfolios or short-term fixed income.
• Strong understanding of liquidity risk management, credit markets, and monetary policy operations.
• Strong analytical and technology skills, including proficiency with Blackrock Solution’s Alladin OMS, Bloomberg, and Excel.

Preferred:

• Master’s degree in finance, business administration, another related field and CFA designation.

• This position requires you to work on-site in Minneapolis, MN.

Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $ - $ per year, which factors in various geographic regions.

The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important. Thrivent is unique in our commitment to helping people to be…