Job Description
Head of Credit & Fixed Interest Investments
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Location: Melbourne, VIC (Hybrid); and
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Reporting to: Head of Investments.
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About the Organisation:
n 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.
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The Opportunity:
n 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.
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You will guide everything from credit strategy and portfolio design to portfolio execution, statutory capital adequacy compliance, and external manager selection.
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Key Responsibilities:
n Fixed Interest Strategy & Portfolio Construction:
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Macro & Credit Analysis: Examine global macroeconomic indicators, inflation trends, central bank policies, and financial statements to determine optimal investment strategies;
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Granular Underwriting: Deeply apply bond math (duration, convexity, yield curves, and spread analysis) alongside rating agency frameworks to rigorously assess issuer creditworthiness; and
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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.
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Mandate Design, Securitisation & Partner Selection:
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Structural Oversight: Apply a strong practical understanding of credit, securitisation, and short-duration fixed-interest markets to structure and implement robust investment mandates;
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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
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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.
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Regulatory Compliance & Risk Frameworks:
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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
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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.
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Experience & Skills Required:
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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;
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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;
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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
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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.
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What's on Offer:
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A senior investment leadership role with genuine portfolio ownership;
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A collaborative corporate setting that values proactive thinking and creative financial problem-solving; and
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Competitive salary package + performance-based incentives.
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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.
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📌 Head Of Credit & Fixed Interest Investments (Victoria)
🏢 u&u. Recruitment Partners
📍 Victoria