Senior Portfolio Manager, Fixed Income at Johnson & Johnson

New Brunswick, New Jersey, United States

Johnson & Johnson Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, Pharmaceuticals, FinanceIndustries

Requirements

  • Minimum of a Bachelor’s Degree is required, an undergraduate degree in Business, Finance, Economics, or Statistics is strongly preferred
  • CFA, CAIA, CPA, or MBA is preferred
  • Strong quantitative and analytical skills required
  • Deep expertise in public fixed income markets and strategies
  • Minimum of 5 years in institutional investment, with experience selecting fixed income managers
  • Knowledge of private credit is a plus

Responsibilities

  • Lead all public market fixed income investment activities globally
  • Identify and evaluate fixed income funds and managers across diverse fixed income mandates
  • Conduct investment and operational due diligence; manage hiring, integration, monitoring, and termination of managers
  • Maintain a pipeline of viable investment opportunities and managers
  • Monitor and communicate performance of fixed income investments worldwide
  • Assess and enhance reporting for liability-driven investments
  • Track industry trends to identify top-performing managers and assess their potential fit within Johnson & Johnson’s DB/DC plans and select non-U.S. plans
  • Recommend appropriate benchmarks for fixed income portfolios
  • Assign and communicate manager ratings to investment leadership and committees
  • Measure and manage active risk across fixed income portfolios
  • Source and evaluate new strategic and tactical investment opportunities
  • Prepare and present performance reports to global investment committees
  • Collaborate with investment team members and actuaries to understand liability dynamics and recommend hedging strategies (especially for U.S., Canada, and select European plans)
  • Monitor U.S. pension funded status and collaborate with the CIO, Pension Plans and the VP, Head of Public Markets on any potential asset allocation changes resulting from a change in funded status
  • Lead asset/liability studies for smaller plans and collaborate across asset classes and cross-functionally to implement approved changes
  • For select non-U.S. plans and in partnership with local committees, oversee benefit investments, asset allocation, liquidity, funding and risk management; design and implement liability hedging programs
  • For select new non-U.S. plans, review investment arrangements; evaluate recommendations for local investment providers; review local consultants’ proposals and challenge local consultants’ assumptions; analyze potential investment implications of plan design changes and recommend appropriate action

Skills

Key technologies and capabilities for this role

Fixed IncomePortfolio ManagementLiability-Driven Investing (LDI)Due DiligenceManager SelectionInvestment MonitoringTreasuryPublic Markets

Questions & Answers

Common questions about this position

Is this role remote or does it require working from an office?

The role is located in New Brunswick, New Jersey, United States of America, indicating an on-site requirement.

What are the key responsibilities of the Senior Portfolio Manager, Fixed Income?

The role involves leading public market fixed income investment activities globally, including manager selection, due diligence, monitoring, performance reporting, and liability-driven investing strategies.

What salary or compensation is offered for this position?

This information is not specified in the job description.

Who does this role report to and what leadership is involved?

The position reports directly to the VP, Head of Public Markets, and involves leading aspects of fixed income investment activity as a key member of the investment team.

What experience makes a strong candidate for this role?

Strong candidates will have expertise in fixed income investments, liability-driven investing (LDI), manager due diligence, performance monitoring, and collaboration with actuaries on pension plans.

Johnson & Johnson

Healthcare products in pharmaceuticals and devices.

About Johnson & Johnson

Johnson & Johnson operates in the healthcare sector with three main areas: pharmaceuticals, medical devices, and consumer health products. In the pharmaceuticals segment, the company develops prescription drugs for various medical conditions such as cancer and infectious diseases. The medical devices segment provides products used in surgeries and other medical procedures, while the consumer health segment offers over-the-counter products, including baby care and personal health items. Johnson & Johnson generates revenue through direct sales and partnerships, and it invests significantly in research and development to create new products that meet the needs of consumers and healthcare providers. The company stands out from competitors by emphasizing diversity, equity, and inclusion in its workplace, fostering an environment where employees can share their perspectives. Its goal is to improve patient outcomes and enhance the overall health and well-being of individuals globally.

New Brunswick, New JerseyHeadquarters
1886Year Founded
IPOCompany Stage
HealthcareIndustries
10,001+Employees

Risks

J&J faces a class action lawsuit in Australia over ineffective cold and flu medications.
Former J&J executives joining other firms could lead to increased competition.
Ongoing legal battles, like the lawsuit against Cigna, pose financial liabilities for J&J.

Differentiation

J&J operates in three segments: pharmaceuticals, medical devices, and consumer health.
The company invests heavily in R&D for innovative medical solutions and products.
J&J is committed to diversity, equity, and inclusion in its workplace culture.

Upsides

J&J's collaboration with Helsinki University Hospital focuses on value-based healthcare models.
The rise of personalized medicine offers J&J opportunities in targeted therapies.
Increased focus on digital health solutions presents expansion opportunities for J&J.

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