About Wellington Management
Wellington Management is a renowned entity that provides comprehensive investment management solutions, spanning across almost all segments of the global capital markets. The firm is committed to catering to the unique return and risk objectives of institutional clients, spread across more than 60 countries. Wellington Management’s solutions are grounded on a robust body of proprietary research, and it prides itself on a collaborative culture that promotes independent thought and healthy debate. The firm operates as a private partnership, believing that such an ownership structure encourages a long-term perspective that aligns with the viewpoints of its clients.
The Role at Wellington Management
Wellington Management Company (WMC) currently manages an impressive $524 billion in fixed income assets on behalf of its global clients. The Leveraged Credit team, a subset of WMC, oversees approximately $37 billion in assets across its business portfolio, which includes high yield bonds (Global and US), bank loans (inclusive of CLO collateral management), and convertibles.
The firm is actively seeking an experienced Fixed Income Portfolio Manager (Bank Loans) based in its Boston office. The new hire will assume portfolio management responsibilities for the firm’s $5 billion bank loan portfolio. This includes dedicated bank loan client portfolios, CLO collateral pools, a 40 Act mutual fund, and bank loan allocations within their multi-sector FI approaches.
The ideal candidate will bring to the table experience in managing institutional bank loan portfolios with a conservative, bottom-up style. The portfolio manager will also contribute to the broader Leveraged Credit team, driving the expansion of the Leveraged Credit platform. The role also involves working with clients across institutional and retail channels to drive sales. The manager will have the support of the Fixed Income team, including credit research analysts, risk managers, traders, product managers, and the CLO management team.
Qualifications
Wellington Management is looking for a candidate with strong credit and quantitative portfolio management skills. The candidate should have at least 10 years of experience in an investment role, successfully analyzing and investing in bank loans and managing CLOs. The successful candidate will demonstrate the ability to make investment decisions backed by rigorous analysis and communicated with conviction.
Additional qualifications include a proven track record in bank loans, experience managing sizable portfolios, the ability to assess and analyze volatile or distressed credits, risk management experience, strong interpersonal skills, a desire to learn, excellent presentation skills, strong quantitative skills, a willingness to travel, a commercial and growth mindset. An undergraduate degree with a strong academic record is required, and an MBA/CFA is preferred.
Location and Compensation
This position is based in Wellington’s Global Headquarters in Boston, MA. The firm is dedicated to building and maintaining a diversified workforce and encourages candidates who believe they could excel in this role to apply, even if they don’t meet 100% of the qualifications. The base salary range for this position is USD 100,000 – 225,000, but compensation decisions at Wellington Management consider a wide range of factors. The firm also offers a comprehensive benefits package, including retirement plans, health and wellbeing coverage, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement, and paid time off.
