Currency Portfolio Manager - Assistant Vice President

6w1 month ago

State Street

London, GB · Full-time · £90,000 – £130,000

About this role

Join a dynamic global exposure management team managing both passive and dynamic currency portfolios across fixed income, equity, and multi-asset strategies. This role involves trade generation, monitoring, and broader portfolio management responsibilities, including collaboration with the LDI team. Focus on the currency overlay business to deliver strong client outcomes and minimize operational risk.

Design, implement, and monitor FX hedging programs in line with investment guidelines across developed and emerging markets. Collaborate with the FX trading desk to provide trade instructions, manage roll schedules, and address hedging needs. Support new account onboarding and enhance internal systems with the technology team.

Work collaboratively with other portfolio managers, legal, compliance, and client service teams in a global environment. Monitor portfolio performance to ensure alignment with client objectives and risk parameters. Uphold the highest fiduciary standards in all portfolio management activities.

Over time, take ownership of individual accounts and engage directly with clients. Participate in the management of LDI portfolios. Benefit from an inclusive environment with development opportunities and flexible work-life support at State Street.

Requirements

Strong understanding of passive and dynamic FX hedging strategies
Familiarity with major currency hedging index methodologies
Solid grasp of macroeconomic trends and their influence on currency markets
Experience with FX tenor management
Highly analytical with the ability to interpret complex performance attribution and large datasets
Exceptional attention to detail and accuracy, especially under time-sensitive conditions
Strong interpersonal and communication skills, both written and verbal
Proficiency in Excel; experience with Bloomberg and VBA advantageous

Responsibilities

Design, implement, and monitor internal and external FX hedging programs in line with investment guidelines across developed and emerging markets
Collaborate with the FX trading desk to provide trade instructions, manage roll schedules, and address portfolio-specific hedging needs
Support new account onboarding by coordinating with legal, compliance, and client service teams
Proactively contribute to the enhancement of internal systems and processes in partnership with the technology team
Monitor and analyze portfolio performance, ensuring alignment with client objectives and risk parameters
Respond to client and consultant inquiries regarding hedging programs and portfolio activity
Assist in client servicing efforts, including the preparation and delivery of presentation materials and reporting packages
Uphold the highest fiduciary standards in all aspects of portfolio management