Australian Retirement Trust – Sydney CBD NSW

Take the next step in your investment career with Australian Retirement Trust. As our Associate Portfolio Manager - Fixed Income, you'll apply your credit analysis expertise across sovereign, counterparty and credit investment exposures while supporting externally managed portfolios. Working as part of a high-performing team, you'll assess investment opportunities, form independent credit views and help deliver strong outcomes for 2.4 million members.

Description

We're all about helping our members make the most of their money. And while they go after their goals, you can too. As a Associate Portfolio Manager - Fixed Income, you'll support the delivery and ongoing evolution of our externally managed fixed income portfolio. Working within our Defensive and Liquid Assets and Portfolio Intelligence team, you'll bring a strong credit lens to investment decision-making, applying fundamental credit analysis across a broad range of issuers, counterparties and investment opportunities.

We're seeking someone with hands-on credit assessment experience who can independently analyse and assess credit risk. You may have developed your experience within a buy-side investment team, credit research team, ratings agency, bank credit function or similar environment where you were directly responsible for forming and defending credit opinions.

You'll undertake fundamental credit analysis of state government issuers, assess balance sheet exposures arising from OTC derivatives and cash market activities, contribute to the evaluation of structured credit opportunities and provide independent credit expertise in the assessment of current and prospective investment managers.





You'll help ensure investment strategies align with our members' best financial interests through rigorous analysis, strong governance and effective stakeholder engagement. This role offers exposure to complex investment portfolios, external managers and a broad range of investment activities across domestic and international markets.

This role is a permanent opportunity and is based in Brisbane or Sydney.

Responsibilities

- Contribute to the development and execution of externally managed fixed income investment strategies.
- Conduct fundamental credit analysis of state government issuers and other sovereign-related exposures.
- Form and communicate independent credit recommendations to support investment decision-making.
- Support the assessment and ongoing monitoring of counterparty credit exposures arising from OTC derivatives, repo, securities lending and cash market activities.
- Analyse balance sheet strength, liquidity, leverage and credit fundamentals across a range of issuers and counterparties.
- Assess credit opportunities and risks across sovereign, financial, corporate and structured credit markets.
- Act as a subject matter expert on credit risk for portfolio managers and internal stakeholders.
- Deliver research, analysis and insights to support portfolio construction and investment decision making.




- Apply credit expertise to the due diligence, selection and ongoing monitoring of external credit managers
- Monitor manager performance, mandate compliance and portfolio risk exposures.
- Prepare investment papers, presentations and reporting materials for stakeholders and governance forums.
- Assist with mandate onboarding, manager transitions and operational due diligence activities.
- Develop and maintain robust relationships with internal stakeholders and external investment partners.
- Research industry developments, credit themes and emerging investment opportunities.
- Support governance, compliance and risk management activities across the investment function.
- Participate in strategic projects and initiatives that enhance investment outcomes and capabilities.

Qualifications

It goes without saying you'll be a great communicator with top notch interpersonal skills. We'll also expect you to pick up problems and come up with quick, creative ways to solve them. It's quite likely you tick some of the following boxes too:

- You hold tertiary qualifications in finance, investments, commerce, economics or a related discipline.
- Your experience includes conducting fundamental credit analysis and forming independent credit opinions.
- You'll have assessed issuer or counterparty creditworthiness through analysis of financial statements, balance sheets, liquidity profiles, leverage metrics, cash flow generation and other relevant credit factors.
- You're experienced in credit research, fixed income investing, credit portfolio management, banking, ratings, asset management or a related investment environment.
- You possess a strong understanding of

📌 Associate Portfolio Manager (Sydney)
🏢 Australian Retirement Trust
📍 Sydney