Senior Portfolio Manager, Money Market

Minneapolis, MN - USA

Yearly Salary: $ 206040 - 278759

Posted on: 8 days ago

Vacancies: 1 Vacancy

Job Summary

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 theyve 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 todayand tomorrow.

Job Summary

The Money Market Portfolio Manager is responsible for the management of the organizations 2(a)7 mutual funds and the overall management of the organizations 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.

Job Responsibilities and Duties

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 counterparties including sales coverage traders and syndicate desks.
Manages the organizations 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 Thrivents 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 Thrivents trust and reputation remain strong with its clients.

Job Qualifications

Required:

Masters 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 Solutions Alladin OMS Bloomberg and Excel.

Preferred:

Masters degree in finance business administration another related field and CFA designation.

Additional Information

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

Pay Transparency

Thrivents 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 $206040.00 - $278759.00 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 wise with money and live balanced and generous lives. That extends to our benefits.

The following benefits may be offered: various bonuses (including for example annual or long-term incentives); medical dental and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivents plans/policies are subject to change at any time at Thrivents discretion.

Thrivent provides Equal Employment Opportunity (EEO) without regard to race religion color sex gender identity sexual orientation pregnancy national origin age disability marital status citizenship status military or veteran status genetic information or any other status protected by applicable local state or federal law. This policy applies to all employees and job applicants.

Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation please let us know by sending an email toor calland request Human Resources.

Required Experience:

Manager

Job Responsibilities and Duties

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 counterparties including sales coverage traders and syndicate desks.
Manages the organizations 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 Thrivents 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 Thrivents trust and reputation remain strong with its clients.

Job Qualifications

Required:

Masters 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 Solutions Alladin OMS Bloomberg and Excel.

Preferred: