Securitized Portfolio Manager, VP II - State Street Investment Management

Overview We are seeking a highly skilled and motivated Securitized Portfolio Manager to join our Global Fixed Income platform in Boston. This individual will play a key role in managing securitized credit portfolios across RMBS, CMBS, ABS, and CLOs, contributing directly to investment performance, portfolio construction, and client outcomes. Responsibilities Portfolio Management & Investment Decision-Making Manage securitized credit portfolios across agency and non‑agency RMBS, CMBS, ABS, and CLOs Construct portfolios consistent with client objectives, risk budgets, and regulatory constraints Implement investment strategies across yield, spread, and structure opportunities Execute trades and manage positioning across primary and secondary markets Credit Research & Security Selection Conduct fundamental credit analysis of underlying collateral pools, issuers, and deal structures Evaluate loan‑level and pool‑level performance dynamics, including default and loss expectations, prepayment and extension behavior, collateral quality, vintage, and underwriting characteristics Analyze structural protections, triggers, and tranche behavior under baseline and stressed scenarios Develop and maintain relative value assessments across sectors, shelves, vintages, and structures Generate actionable investment ideas informed by both bottom‑up credit work and market technicals Relative Value & Market Analysis Generate relative value views across securitized sectors, structures, and capital stack positions Analyze collateral performance, prepayment dynamics, credit trends, and macroeconomic drivers Integrate top‑down macro views with bottom‑up security selection Risk Management & Portfolio Construction Monitor and manage key risks including spread duration and interest rate exposure, prepayment and extension risk, credit and structural risk (including tranche behavior), ensuring portfolios remain aligned with established risk frameworks and guidelines Collaboration & Investment Process Partner closely with securitized research analysts, multi‑sector PMs and asset allocation teams, quantitative research, trading and risk groups Contribute to the ongoing development of research frameworks, models, and portfolio construction tools Help drive integration of research insights into scalable portfolio decisions What We Value Investment excellence and intellectual curiosity Integrated portfolio management and research mindset Collaboration and team orientation Risk discipline and accountability Growth mindset and platform development Education & Preferred Qualifications A Master's degree in finance, economics, mathematics, or other relevant field of study and/or a CFA are preferred 10+ years of experience in fixed income portfolio management, with a focus on securitized products Deep expertise across RMBS, CMBS, ABS and/or CLO markets Credit research background preferred Salary Range $120,000 - $202,500 Annual (primary location specified; range may differ if working outside the primary location) Benefits Employees are eligible to participate in State Street's comprehensive benefits program, which includes a retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional coverages; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to an 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. 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. #J-18808-Ljbffr CFA Institute