Junior or Senior Portfolio Manager, Southern European Origination, Düsseldorf, (m/f/d)

A Portfolio Manager in Southern European Origination plays several critical yet diverse roles within the business. These might be variously described as: 

• Custodian and gatekeeper of portfolio risk 
• Provider of guidance on pricing, structuring, risk and opportunity  
• Portfolio strategist and tactician 
• Idea generator – whether for general business, analysis, hedging strategy, deal structuring, etc. 

Responsibilities: 

• Understand position exposures in all dimensions 
• Maintain a solid market presence so we are able to operate as a significant merchant player in illiquid and intransparent tenors and markets 
• Be constantly on top of PnL and its drivers, and ensure adequate internal reporting  
• Understand, analyse and present market fundamentals and the regulatory situation 
• Generate ideas for positioning and hedging – build risk-reward based argumentation and anchor this with management 
• Identify and support the development of new business cases together with originators 

Requirements of the Role: 

A Portfolio Manager in Southern European Origination has a role that is at the same time: 

1. Extremely diverse  

1. Very demanding 

1. Central to the business 

1. One of the most rewarding 

To be successful in this role requires that you: 

• Possess a curiosity and continuous drive to uncover opportunity. Your creative, out-of-the-box thinking is highly valued. 
• Be willing to make and justify decisions under uncertainty and accept the risk that goes with this. 
• Show self-initiative and take ownership of topics within your purview. 
• Have a structured and sustainable approach to work, with appropriate attention to detail and aligned with management and business objectives. 
• Recognise that we have “skin in the game” and act accordingly – give attention and scrutiny to matters relative to their value and potential impact or risk. 
• Have the maturity to know when to delegate and coordinate the efforts of analysts, quants (and others) within the team, or with other middle- and back-office teams when needed. 
• Project gravitas and credibility when presenting ideas and aligning on business topics with originators and management 
• Take ownership of operational matters -- deal booking, position maintenance, reporting, etc. 
• Take a wholistic view of our business, with strong alignment to the “one team, one PnL” principle 
• Proactively and critically contribute to strategic discussions 
• Have impact on the origination interface, challenging and contributing to products and pricing