• Location: Melbourne, VIC (Hybrid); and

• Reporting to: Head of Investments.

About the Organisation:

Our client is a leading, regulated financial solutions provider and institutional wealth manager with over $6 billion in assets under management. They pride themselves on pioneering innovative, tax-effective investment products tailored to meet a wide range of investor needs and life stages.

The Opportunity:

As the Head of Credit & Fixed Interest Investments, you will take ultimate asset ownership of the defensive and fixed-income book. This is a high-impact technical and strategic leadership role tailored for an expert in structural finance, asset-liability matching (ALM), and regulated portfolio management.

You will guide everything from credit strategy and portfolio design to portfolio execution, statutory capital adequacy compliance, and external manager selection.

Key Responsibilities:

Fixed Interest Strategy & Portfolio Construction:

• Macro & Credit Analysis: Examine global macroeconomic indicators, inflation trends, central bank policies, and financial statements to determine optimal investment strategies;

• Granular Underwriting: Deeply apply bond math (duration, convexity, yield curves, and spread analysis) alongside rating agency frameworks to rigorously assess issuer creditworthiness; and

• Portfolio design: Drive the continual improvement of the mandate framework, manage risk-adjusted returns, ensure liability matching, and oversee quantitative applications across risk, factors, and attribution.

Mandate Design, Securitisation & Partner Selection:

• Structural Oversight: Apply a strong practical understanding of credit, securitisation, and short-duration fixed-interest markets to structure and implement robust investment mandates;

• Pool & Market Evaluation: Analyse legal documentation, cash-flow waterfalls, and credit enhancements to identify attractive loan pools (including RMBS, CMBS, and ABS), while strictly identifying sectors to avoid; and

• GP Due Diligence: Network across the industry to identify, assess, and conduct deep operational and investment due diligence on specialist General Partners (GPs) and alternative investment partners.

Regulatory Compliance & Risk Frameworks:

• Asset-Liability Management (ALM): Align the fixed-income book with the strict balance sheet constraints of a regulated insurance entity, actively participate in managing interest rate risk and liquidity risk; and

• Mandate Auditing: Run daily, monthly, and quarterly compliance auditing on the investment strategies, swiftly investigating and reporting any mandate or capital restrictions breaches directly to the Head of Investments.

Experience & Skills Required:

• Background: 5–10 years of experience within institutional investment management, with highly desirable exposure to APRA regulated balance sheets, defined benefit funds, or liability-matching strategies;

• Education: A tertiary qualification in Finance, Economics, Actuarial Science, or a related Quantitative discipline. A CFA Charter, Master’s degree, or Actuarial training is viewed very favourably;

• Tech Stack: Advanced Excel skills and strong proficiency in Bloomberg and enterprise risk systems (e.g., Aladdin, Charles River). Modern coding/programming experience is highly regarded; and

• Attributes: A highly motivated, hardworking professional who looks at complex problems through a different lens to drive innovation. Exceptional written and verbal communication skills are required for coordinating with executive boards and committees.

What’s on Offer:

• A senior investment leadership role with genuine portfolio ownership;

• A collaborative corporate environment that values proactive thinking and creative financial problem-solving; and

• Competitive salary package + performance-based incentives.

How to Apply:

If you are ready to drive innovation in a high-energy investment team, click "Apply for this job" to submit your cover letter and resume.
 
For more information or a confidential discussion please call James Carswell, Principal – Accounting & Finance at u&u on 0413 723 383 quoting reference number 45919.
 
At u&u Recruitment Partners, we value diversity, equity and inclusion. We welcome applications from Aboriginal and Torres Strait Islander people, people with diverse cultural and linguistic backgrounds and people with disability.
 
Should you require reasonable adjustments or have a preferred method of communication throughout the recruitment process, we encourage you to make a request via adjustments@uandu.com or phone the above-mentioned u&u consultant to discuss. In response to these requests, we will collaborate closely with you to implement the appropriate adjustments.
 
Additionally, for a barrier-free and inclusive online experience, you can access u&u’s opportunities using accessibility software Recite Me at https://www.uandu.com/jobs.
 
Please submit your resume in Word format only.