Senior Portfolio Manager, Fixed Income

Role Summary

Senior Portfolio Manager, Fixed Income is a key member of the investment team responsible for managing a global asset pool exceeding $50 billion. This role leads the full lifecycle of public market fixed income investments, including manager and fund selection, due diligence, onboarding, monitoring, termination, and transition management. The position serves as a subject matter expert in liability-driven investing (LDI), analyzing liability profiles and recommending tailored investment strategies. Reporting directly to the VP, Head of Public Markets, the Senior Manager drives strategic execution across all aspects of fixed income investment activity.

Responsibilities

• Lead all public market fixed income investment activities globally.
• Identify and evaluate fixed income funds and managers across diverse fixed income mandates.
• Conduct investment and operational due diligence; manage hiring, integration, monitoring, and termination of managers.
• Maintain a pipeline of viable investment opportunities and managers.
• Monitor and communicate performance of fixed income investments worldwide.
• Assess and enhance reporting for liability-driven investments.
• Track industry trends to identify top-performing managers and assess their potential fit within Johnson & Johnson’s DB/DC plans and select non-U.S. plans.
• Recommend appropriate benchmarks for fixed income portfolios.
• Assign and communicate manager ratings to investment leadership and committees.
• Measure and manage active risk across fixed income portfolios.
• Source and evaluate new strategic and tactical investment opportunities.
• Prepare and present performance reports to global investment committees.
• Collaborate with investment team members and actuaries to understand liability dynamics and recommend hedging strategies (especially for U.S., Canada, and select European plans).
• Monitor U.S. pension funded status and collaborate with the CIO, Pension Plans and the VP, Head of Public Markets on any potential asset allocation changes resulting from a change in funded status.
• Lead asset/liability studies for smaller plans and collaborate across asset classes and cross-functionally to implement approved changes.
• For select non-U.S. plans and in partnership with local committees, oversee benefit investments, asset allocation, liquidity, funding and risk management; design and implement liability hedging programs.
• For select new non-U.S. plans, review investment arrangements; evaluate recommendations for local investment providers; review local consultants’ proposals and challenge local consultants’ assumptions; analyze potential investment implications of plan design changes and recommend appropriate action.

Qualifications

• Required: Minimum of a Bachelor’s Degree; undergraduate degree in Business, Finance, Economics, or Statistics strongly preferred.
• Preferred: CFA, CAIA, CPA, or MBA.
• Required: Strong quantitative and analytical skills; deep expertise in public fixed income markets and strategies.
• Required: Minimum of 5 years in institutional investment, with experience selecting fixed income managers.
• Preferred: Knowledge of private credit.
• Required: Proficiency in tools such as eVestment, Morningstar, Bloomberg, Backstop, and Factset.
• Required: Advanced Excel skills, including modeling.
• Required: Strong presentation capabilities, including the ability to clearly explain complex concepts to diverse audiences.
• Required: Self-starter, able to work independently with minimal supervision, and a team player with excellent communication and relationship-building skills.
• Required: Ability to thrive in a dynamic environment, manage multiple priorities, and demonstrate intellectual curiosity.
• Required: Willingness to travel 25–30%, including internationally.

Skills

• Leadership
• Pension Administration
• Pension Analysis
• Pension Communications
• Pension Systems
• Process Improvements
• Risk Assessments
• Treasury Management

Education

• Bachelor’s Degree required; business, finance, economics, or statistics preferred

Additional Requirements

• Willingness to travel 25–30%, including internationally