Manager, PWM Fixed Income

As the Manager, PWM Fixed Income you will be a central part of our PWM Capital Markets team within Private Wealth Management. You will play a pivotal role in shaping and implementing fixed income investment strategies for high-net-worth individuals and institutional clients. This role requires a deep understanding of fixed income markets, strong analytical skills, and the ability to communicate complex investment concepts effectively.

Responsibilities

• Manage the implementation of fixed income investment strategies.
• Provide expert and informed recommendations based on sector expertise.
• Analyze macroeconomic factors, interest rate trends, and credit conditions to inform strategy.
• Provide recommendations to senior team members and cascade updates to ensure the full team is informed.
• Act as a trusted advisor to clients by providing insightful analysis and recommendations on fixed income investments.
• Ensure frequent portfolio reviews are completed, adjust strategies as necessary, and communicate changes to those impacted.
• Lead portfolio construction efforts to assess securities selection through individual and industry sector weights, market capitalization mix, and overall risk/return profile.
• Rebalance portfolios based on index and model changes, ensuring alignment with asset allocation guidelines and firm standards.
• Perform in-depth research on fixed income securities, including government bonds, corporate bonds, municipal bonds, and other debt instruments. Evaluate credit risk, interest rate risk, and market trends.
• Provide fixed income portfolio management expertise while participating in investment strategy and client meetings, sales and marketing efforts, and the resolution of escalated client and operational issues.
• Share portfolio management perspective in special initiatives to improve technology, processes, performance, and efficiency.
• Work closely with other members of the PWM Capital Markets team to deliver cohesive and comprehensive investment solutions.
• Prepare and present detailed reports, investment proposals, and performance reviews to clients, ensuring clear and effective communication of investment strategies and outcomes.
• Maintain current knowledge of developments in fixed income markets, including economic indicators, regulatory changes, and industry trends. Use this information to adjust investment strategies proactively and communicate market changes to the broader team.
• Ensure all investment activities comply with regulatory requirements and internal policies. Implement risk management practices to protect client portfolios from undue risk.
• May manage a small team of Fixed Income professionals. Provide guidance and mentorship to junior team members and foster a collaborative and high-performance culture.
• Additional responsibilities as requested.

Requirements

• Bachelor's degree required. Advanced degree and/or Industry Designation (MBA, CFA, CFP, etc.) required.
• 8+ years of relevant experience in investment consulting/analysis required.
• Required SIE Exam, Series 7, 63, and 52; Series 53 preferred (must be acquired within 150 days of employment).
• Proven track record of managing fixed income portfolios and delivering client-focused solutions.
• Strong knowledge of fixed income securities, credit analysis, interest rate risk management, and portfolio construction.
• Proficiency in financial modeling and analytical tools.
• Exceptional analytical skills with the ability to interpret complex financial data and market trends.
• Excellent written and verbal communication skills, with the ability to present information clearly and effectively to clients and stakeholders.
• Demonstrated ability to build and maintain strong client relationships, with a keen understanding of clients’ needs and objectives.
• Ability to work collaboratively in a team environment and contribute to the overall success of the team.
• Excellent sales and presentation skills.
• Ability to lead a team and foster professional growth and development.
• Strong municipal experience and skills.

Pay

Base salary range: $165,300—$209,000 USD. This role is eligible for either a discretionary annual bonus (based on company, business unit, and individual performance) and/or commission-based incentives.

Benefits

• Medical, dental, and vision coverage.
• Employer-paid short & long-term disability and life insurance.
• 401(k) and profit sharing.
• Paid time off.
• Maven family & fertility benefit.
• Parental leave (including adoption, surrogacy, and foster placement).
• Other voluntary benefits.

About Our Firm

William Blair strives to attract qualified candidates who specialize in investment banking, investment management, private wealth management, and other strategic resource groups. We are committed to empowering our colleagues to deliver client success and engage in our communities. Our firm has delivered trusted advice for nine decades, continuing to deepen our expertise and relationships across asset classes and markets throughout North America, Europe, and Asia. We provide advisory services, strategies, and solutions to meet clients’ evolving needs amid dynamic market conditions and varying industries. What sets us apart is that we are an independent partnership, with colleagues who have unique experiences, perspectives, and backgrounds. We empower our people to bring their best thinking so we can deliver the tailored, thoughtful work and problem-solving abilities that our clients expect.