Portfolio Manager, CLO Tranche - Lord Abbett.com
Jersey City, NJ 07302
About the Job
About Lord Abbett:
Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.
From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.
We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.
Now that you know our history, are you ready to be part of our future?
Job Overview:
Lord Abbett seeks a motivated and experienced individual to join its Fixed Income group as a Portfolio Manager of CLO Tranche securities. The portfolio manager would contribute to the management of our growing multi-sector, securitized product, and alternatives strategies. This individual will be part of the Specialty Finance Team and will interact with investment and client service professionals across the firm. The role will include an opportunity to manage CLO tranche investments within a wide range of risk mandates while operating in a flat and dynamic team setting. In addition to contributing to the management of the firm’s $8 Billion in CLO tranches, it is expected that this role will also involve new product development, fund raising, and client interaction.
We’ll trust you to::- Collaborate with Specialty Finance personnel to oversee our CLO portfolio
- Be responsible for security selection of CLO tranches for High Quality, Leveraged Credit, Alternatives, and Equity-Oriented portfolios
- Interact with portfolio managers and external parties to source CLO investments for all mandates, taking into account mandate suitability
- Articulate a market view and assist in investment decision making, portfolio positioning, sizing, and risk management
- Work with the team to make recommendations on primary and secondary market opportunities
- Communicate sector level commentary & ideas to the broader team, department, and other firmwide stakeholders
- Build and maintain relationships with investors, counterparties, and other market participants
- Make formal recommendations on capital markets activity for retained equity of Lord Abbett CLOs to the head of Specialty Finance and contribute to the management of the Lord Abbett Captive CLO Equity Fund
- Assist in client engagement, creation of marketing materials, and product development related to the CLO asset class
- High motivation to learn, develop and mentor as a senior investor in a collaborative environment
- 15+ years of industry experience with meaningful experience taking principal risk in CLO tranche securities across the capital structure
- A combination of buy-side and sell-side experience preferred
- Excellent quantitative, communication, and investment management skills
- Ability to articulate investment objectives in a clear and concise manner with internal and external constituents.
- Advanced written and verbal communication skills
- Advanced Excel, Intex, and PowerPoint skills with a proficiency in scenario based financial modeling
- BA/BS degree required
- MBA or MS degrees, CFA designation viewed positively, but not required
Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.
- Principles-Led - We empower our leaders to create an environment of trust.
- Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
- Purpose-Driven - We instill a passion for always putting our clients' interests first.
We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.
Compensation Information: Annual base salary for this role is $225,000 - $250,000. Salary is estimated for this role. Actual pay may be different.
Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.
Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett
Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.
Important notice to Search Firms - Please Read Carefully
Without prior written agreement, Lord Abbett does not accept unsolicited submissions from employment agencies, search firms, placement services, or any similar provider (“Search Firms”) for employment opportunities. All candidates submitted by Search Firms to any employee or partner at our company without a written Search Firm agreement in place will be deemed the sole property of our company. In such circumstances, no fee, commission, or other compensation will be paid to such Search Firm in the event a candidate is hired by our company. To the extent a Search Firm has a written agreement in place, all introductions are position specific and should be directed to HR or the hiring manager, so we kindly request no unsolicited phone calls or emails.
