Description

We are seeking a highly skilled and motivated Senior Portfolio Manager to join the Global Fixed Income Solutions team in Boston.

This role is responsible for the management and trading of cash and liquidity strategies, including traditional cash, securities-lending cash collateral reinvestment, enhanced cash and ultra-short, fixed income portfolios. The position offers the opportunity to be part of a core business within a fast-paced, collaborative investment environment.

We are looking for candidates with an undergraduate and/or graduate degree in business, economics, or finance ( CFA designation a plus ) and a minimum of 10 years of relevant experience in short-term fixed income portfolio management . The ideal candidate demonstrates strong analytical capabilities; communicates clearly and effectively, both verbally and in writing; enjoys working in a team environment, performs well under tight deadlines; and collaborates effectively across teams.

The successful candidate will demonstrate integrity and sound judgment, bringing deep expertise in short-term fixed income markets, disciplined risk management, and strong client-facing communication skills. The role requires the ability to interpret market developments, drive portfolio performance, translate investment decisions into clear and consistent narratives, and articulate portfolio positioning and outlooks to clients, consultants, and internal stakeholders.

Responsibilities for the Senior Portfolio Manager include, but are not limited to:

• Manage USD taxable short-term fixed income strategies, including commingled prime portfolios and institutional separately managed accounts.
• Trade short-term taxable fixed income securities, including commercial paper, certificates of deposit, government securities, repurchase agreements, asset-backed securities, and high-quality corporate and bank obligations, in line with portfolio objectives and risk guidelines.
• Ensure portfolios are managed in line with stated investment objectives, guidelines, client-specific constraints, and applicable internal policies and regulatory requirements.
• Maintain adherence to internal risk frameworks, compliance standards, and external regulatory requirements.
• Partner with risk, compliance, and legal teams to support governance, documentation, and continuous enhancement of investment processes and controls.
• Monitor macroeconomic conditions, market liquidity, supply and demand dynamics, and relative-value opportunities across short-duration markets.
• Collaborate closely with credit analysts and securities-lending teams to evaluate investment opportunities and position portfolios appropriately.
• Drive strategy development and market opportunity assessment.
• Provide timely, differentiated commentary on market events, macro developments, and their implications for portfolio decisions.
• Communicate investment philosophy, process, and performance clearly and consistently to internal and external stakeholders.
• Serve as a subject-matter expert in short-term fixed income markets.
• Support relationship management, consultant engagement, sales initiatives, and new business opportunities.
• Demonstrate leadership behaviors that promote integrity, accountability, collaboration, and effective partnership across investment, client, and support teams.

MINIMUM REQUIREMENTS:

• Bachelor's degree in Banking, Business, Economics or Finance from a recognized university
• Advanced degree/CFA a plus
• At least 10 years of meaningful working experience
• Strong social and interpersonal skills
• Demonstrated ability to perform effectively in a demanding, deadline-driven environment
• Strong attention to detail with a disciplined, analytical approach to decision-making
• Proficient in Microsoft Office applications, Bloomberg

Salary Range:
$120,000 - $202,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.