JOB PURPOSE
As part of GM Investments, the Portfolio Manager will drive the build-out and growth of Private ABS investments, with a focus on SME, consumer, fintech-originated receivables, and forward-flow structures. The role will expand the structured credit mandate, developing scalable exposure to private ABS, warehouse facilities, forward-flow agreements, and securitization take-outs, primarily targeting senior and super-senior risk (AAA/AA/A) within the Bank’s risk appetite.
Working in close partnership with the Head of Investments and Head of Fixed Income Investments, the Portfolio Manager will originate, structure, and manage proprietary investment frameworks, contributing to diversification, recurring income generation, and long-term growth of structured credit portfolios.
KEY ACCOUNTABILITIES
- Construct and actively manage portfolios of private ABS, with exposure to SME lending, consumer finance, fintech-originated receivables, and specialty asset classes.
- Originate and execute forward-flow transactions with fintech platforms, non-bank lenders, and specialty finance companies.
- Develop and oversee warehouse, prefunding, and term securitization structures, including transition from private ABS to rated public take-outs where relevant.
- Design robust investment frameworks for private ABS, ensuring compliance with internal risk appetite, regulatory constraints, and capital treatment.
- Maintain active dialogue with fintech platforms, originators, servicers, arrangers, and rating agencies to source opportunities and manage asset performance.
- Implement strong risk monitoring, performance analytics, and P&L attribution frameworks for private and illiquid structured credit portfolios.
- Integrate macroeconomic, relative value, and structural analysis into investment decision-making.
- Apply advanced modelling and structuring expertise, including cash-flow modelling, stress testing, and scenario analysis for private ABS.
- Identify new asset classes (e.g. BNPL, merchant cash advance, trade receivables, digital SME lending) consistent with the Bank’s risk appetite
- Build the end-to-end investment and risk infrastructure (credit, legal, operational, servicing).
- Establish private ABS and forward-flow governance frameworks within the Bank.
- Act as a center of expertise on private structured credit, supporting Risk, Legal, Compliance, Treasury, and Finance teams.
- Ensure scalability from bilateral / private transactions to securitized formats.
- Maintain strong market visibility and represent the Bank across global private ABS and fintech credit ecosystems.
- Collaborate with internal teams on: Capital efficiency and regulatory treatment, Liquidity management, Accounting and valuation of private assets
QUALIFICATIONS & EXPERIENCE:
- Minimum 10 years of experience in structured credit, private ABS, or specialty finance.
- Proven track record in managing portfolios and launching new mandates across structured credit products.
- Advanced structuring and modelling skills (cash-flow models, stress tests, waterfall analysis).
- Experience in Alternative Asset Managers, Investment Banks, or Specialty Finance Platforms.
- Excellent stakeholder management and communication skills for global market engagement.
