Portfolio Analyst

WHO IS WESTERN ASSET

Western Asset Management focuses on supporting our clients' financial goals and creating positive outcomes for all kinds of people. Primarily a globally integrated fixed-income manager, we source ideas and investment solutions worldwide, with an emphasis on long-term fundamental value investing, using multiple diversified strategies.

As a Portfolio Analyst, you'll play a key role within the Investment Management team, directly working with Portfolio Managers and Traders across diverse fixed income sectors including Broad Markets, High Yield, and Investment Grade credit. Your precision and proactive approach will drive operational excellence and empower decision-making at Western Asset. You'll collaborate with key internal partners such as Client Services, Compliance, Investment Operations, and Risk Management to deliver seamless portfolio management support to the Investment Team. This role is based in our Pasadena, CA office.

What you will do

• Manage the pre- and post-trade execution process:Oversee allocations, hedge calculations, and trade entry, while ensuring all trades meet compliance and market deadlines; utilize the OMS system to efficiently book trades for both local and global offices; pro-actively seek opportunities to increase efficiency, reduce errors, and create consistency in process outcomes
• Manage the end-of-day trade process:Ensure all trades are accurately loaded, driving transparency and reliability in portfolio valuations; partner with the back office to investigate and resolve confirmation breaks and trade fails, maintaining operational accuracy
• Action portfolio maintenance trades: Monitor daily cashflow ladders across currencies and any portfolio drift; communicate necessary maintenance and rebalancing trades to stakeholders; monitor post-trade impacts
• Facilitate fund and FX orders:Liaise with the Trade Operations team, ensuring fund orders are processed efficiently and accurately; follow up on foreign exchange orders routed through the back office, ensuring timely and accurate settlement with custodians
• Advance corporate actions workflow:Preclear voluntary corporate actions and support the corporate actions process; communicate critical updates and action items to PMs, Client Service, and Compliance, ensuring all stakeholders are informed and meet corporate action deadlines
• Monitor portfolio compliance:Pro-actively review daily portfolio compliance reports, swiftly addressing action items to maintain regulatory and guideline integrity; track the downgrade dashboard and coordinate timely responses to credit rating changes; monitor and report benchmark updates
• Support client-related requests: Prepare information and analysis for PMs and Traders for client meetings or specific client requests
• Deliver actionable insights:Develop in-depth understanding of various portfolio strategies and understanding of key risk factors and metrics; prepare and analyze daily portfolio reporting, surfacing trends and opportunities; review and analyze monthly performance data, identify issues, and collaborate with PMs to optimize results
• Support investment accounting:Partner with Investment Support and Accounting to resolve book value, yield, and other accounting queries, enhancing financial reporting

What you bring

• Exceptional attention to detail:Your analytical mindset and problem-solving skills set you apart in a fast-paced environment
• Financial and technical proficiency:Demonstrated strength in financial, mathematical, and statistical analysis; expert-level Excel skills required; familiarity with query tools (SQL, Python) is a plus
• Influential communicator:Ability to engage and collaborate with stakeholders at all levels, driving consensus and action
• Asset management experience:Previous exposure to asset management is highly valued and will accelerate your impact
• Educational foundation: Bachelor's degree preferred; CFA designation or progress toward a designation is highly desirable

Expected base salary for the role will generally be between $126,000 - $149,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include other forms of compensation such as, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

About Western Asset

At Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We're building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.

We believe an inclusive and respectful workplace promotes the formation of different ideas and viewpoints, enhances independent thinking, and helps create a work environment where the best ideas are identified and implemented. We are committed to unlocking the potential of our team by providing an inclusive and supportive environment that offers everyone the chance to grow personally, advance professionally, and participate fully in the Firm's success.

EQUAL EMPLOYMENT OPPORTUNITY ("EEO")

Western Asset Management is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.

Link to Equal Employment Opportunity Statement: https://westernasset.com/careers/careers-site/common/pdfs/EQUAL_EMPLOYMENT_OPPORTUNITY.pdf

Join our talent pool

We're always on the look-out for creative, curious, collaborative, and entrepreneurial individuals. Even if you don't see any current opportunities that match your skills, we'd still like to hear from you. Sign up for our Talent Pool and we'll get in touch when something suitable comes up.

Register today and build your own searchable profile ready for our hiring managers to view. All you need is a few basic details and an up-to-date copy of your resume ready to upload. We support .rtf, .docx, .doc, .txt and .pdf files, provided they are smaller than 2MB.