Senior Portfolio Manager US loans recruitment
AXA Investment Managers is looking for a Senior Portfolio Manager to support its US loan platform:
AXA Structured Finance, in partnership with AXA Fixed Income, is setting up a new US-based platform dedicated to US HY loans. AXA Structured Finance Corporate Credit manages ~5bn€ of HY loans under various formats such as CLOs, mandates and open-ended vehicles and 15bn€ of IG assets out of Paris. Out of those € 4.5 Bn, approximately € 500m are US loans, for which the team has 6 to 7 years of dedicated track record (carve-out of existing mandates). In a joint effort with the AXA Fixed Income US team managing more than $50bn of assets, we are setting up a dedicated US loan platform in Greenwich, CT which will benefit from the combined track-record of the US HY team as well as the Paris-based loan team
JOB PROFILE
The candidate, who will report Head of AXA Structured Finance US loan team will be in charge of co-managing various structures (open-ended funds, mandates, CLOs) mainly invested in Leveraged Loans, within a team of 5 individuals of which 2 dedicated Credit analysts and 2 other PM functions.
The loan team effort will be supported/complemented by the existing HY franchise through participation to morning meetings, common framework for discussion on top-down allocation, benefit of existing sector coverage and when applicable single name coverage, etc. as well as by the local trading desk TSF Inc.
His/her responsibilities will be as follows:
- Participation to the allocation strategies and portfolio construction – top-down view.
- Follow the credit market and particularly invested names along with the Credit Analysts.
- Participate to the elaboration of the team’s view on technicals/fundamentals in cooperation with other PM and analysts from the loan team and the HY bond team.
- Daily monitoring of the funds: assets, investment guidelines compliance, cash, hedges…
- Contribute maintaining AXA IM presence and franchise in the credit markets.
- Participate to the marketing effort of the team and reporting to investors (in cooperation with other members of the team/other teams’ elaboration of marketing material/messages).
In addition to his/her technical background, the candidate will need to demonstrate conviction and consistency, but also capacity to listen to his/her colleagues arguments and will have demonstrated his/her ability to take investment decisions.
The candidate will have first rate communication skills and a great level of energy. He/she will also need to demonstrate a team-player attitude as decisions within the team are collegial ultimately.
Key technical skills, experience and essential qualifications:
• Seasoned professional in Portfolio Management position in corporate credit with a strong exposure to:
- Bank debt (leveraged finance, corporate acquisition finance….
- Distressed Debt.
• Strong analytical and technical skills.
• Asset / Credit quality understanding and expertise
• Good range of market contacts with strong reputation
• High operational efficiency and quality
• Client-driven
• International experience is a plus
• Windows applications, Excel and PowerPoint in particular
Soft skills:
• Entrepreneurial mindset
• Humility and team player
• Strong communication skills and good capacity of synthesis
• Analytical and rigorous
• Dynamism, reactivity, commitment
• Ability to work under pressure
• Able to work in a matrix-organization
