Portfolio Manager - International Portfolio Management

1w1 week ago

Resolution Life

London, GB · Full-time · £140,000 – £220,000

About this role

This role is part of the London-based International Portfolio Management team, working closely with the Bermuda reinsurance platform ResRe. The position manages investment portfolios backing Resolution’s reinsurance business, optimising them under ALM, liquidity, capital, and risk constraints. It leverages relationships with external investment managers to develop portfolio strategy.

Key tasks include developing strategic asset allocations, designing mandate investment guidelines, and executing portfolio strategies coherently. The role holder takes a leading role in monitoring and managing ALM across all ResRe portfolios. Collaboration occurs with derivatives structuring SMEs to optimize hedging strategies.

Work closely with M&A and reinsurance teams focusing on US, UK, European, and Asian markets. Coordinate with actuarial, finance, and risk functions on portfolio performance reviews and risk management solutions like interest rate and FX hedging. Some travel may be required.

Engage internal stakeholders to explain performance and validate adherence to the corporate risk framework. Support evolution of the reinsurance business through regular analysis of hedge effectiveness and asset manager performance. Opportunity to influence global, diversified reinsurance operations.

Requirements

Experience managing investment portfolios backing reinsurance or life insurance businesses
Strong knowledge of ALM, liquidity, capital, and risk constraints in portfolio optimization
Proven ability to develop strategic asset allocations and investment guidelines
Expertise in working with external investment managers and internal asset specialists
Skills in monitoring ALM, rebalancing portfolios, and optimizing hedging strategies including FX and interest rate
Familiarity with risk management solutions such as derivatives, repack solutions, and asset structuring
Ability to analyze portfolio performance, hedge effectiveness, and market themes

Responsibilities

Develop and maintain analysis to support periodic development of strategic asset allocations for external reinsurance portfolios, including ALM, liquidity, capital and risk constraints
Develop guidance for external investment managers on portfolio deployment across investment strategies and design mandate investment guidelines
Take a leading role in ALM management and reporting across all ResRe investment portfolios and collaborate on rebalancing and hedging strategies
Coordinate with other functions to develop and execute risk management solutions, including interest rate and FX hedging, repack solutions, and asset structuring
Maintain oversight of asset rotation into strategic asset classes, propose adjustments based on deployment speed and yields, and discuss market themes
Coordinate with actuarial and finance functions on portfolio performance reviews, asset manager performance, ALM, and hedge effectiveness analysis
Engage internal stakeholders including Risk to explain performance and validate adherence to corporate risk framework and transaction objectives