High Yield Fixed Income Portfolio Manager

Position Overview

Employer: DWS Group

Title: High Yield Fixed Income Portfolio Manager

Location: New York

Job Code: #LI-MB1 #LI-03

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Team / Division Overview

The Fixed Income Solutions Team is a key part of DWS Americas, overseeing approximately $80B in actively managed fixed income assets. The team primarily covers multi-sector investment strategies for Insurance companies and arranges for short duration solutions for Institutional clients. The Team is seeking a candidate to join the team based in New York.

The High-Yield Portfolio Manager acts as a fiduciary to manage assets for a specific asset type/ asset class within established investment policy guidelines. Working with the team they invest client/ fund assets, oversee the investment strategy and direct all trades of the relevant portfolio, within a product / asset class and ensure that the delivery of Portfolio commitments adheres to the appropriate governance guidelines, including any regulatory/legal restrictions that may impact the portfolio. They make decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions and balancing risk against performance, based on a deep understanding of market developments, financial and economic trends. They participate in research meetings and client meetings as required, in support of asset management responsibilities.

Role Details

As a High Yield Fixed Income Portfolio Manager, you will:

• Be part of a team managing Institutional high-yield fixed income assets focusing on various strategies including but not limited to ALM, total return, and maximizing book income.

• Monitor the public bond market, assess relative value, and provide investment recommendations for specific securities that are aligned with the high-yield strategy of the portfolios.

• Monitor portfolios and maintain target duration and credit allocation. Ensure portfolios are within their guidelines.

• Support the Senior Portfolio Manager and assist team with market data as well as portfolio specific reports.

• Contribute to monthly portfolio construction and attribution meetings.

• Occasional presentations to clients, the overall fixed income platform or sales teams with market updates.

We are looking for:

• Strong background in trading and/or portfolio management of high-yield fixed income markets.

• Ability to multi-task in a high-pressure environment; demonstrate control & risk management during periods of volatility.

• Strong interpersonal/relationship-building skills.

• An entrepreneurial and innovative approach and a heightened sensitivity to risk.

• Strong analytical and data analysis capabilities and high level of attention to detail.

• Expertise in Bloomberg, Tradeweb, Aladdin and Microsoft Office is preferred.

• Educated to degree level in a relevant financial discipline, or with relevant industry experience. CFA charter would be beneficial.

License(s) required:

• N/A

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

The salary range for this position in New York is $131,000 to $206,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

At DWS, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

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We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.



We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: "EEOC Know Your Rights" ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .