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Goldman sachs asset management - emerging market debt (local) portfolio manager - managing director - london

London
Goldman Sachs
Portfolio manager
Posted: 1 July
Offer description

Position Overview:

We are seeking a highly skilled and experienced Emerging Market Debt (Local) Portfolio Manager to join our dynamic and collaborative global fixed income team. The ideal candidate will have a proven long term track record of strong performance managing active local market mandates, particularly benchmarked to GBI-EM Global Diversified (GBIEM GD) indices, or similar background. In addition to managing dedicated local currency portfolios, the candidate will also be responsible for local market allocations within broader EM, blended, and global fixed income portfolios, requiring a flexible and integrated investment approach. The candidate will work closely with the Co-Heads of EMD for selection and sizing of risk.

This role offers the opportunity to contribute to a large, well-resourced platform with access to deep research, risk, and trading capabilities.

Key Responsibilities:

1. Lead the management of local currency EMD portfolios and local allocations within broader EM, blended, and global strategies.
2. Develop and maintain a clear, structured framework for portfolio construction, risk budgeting, and performance attribution.
3. Employ a diverse set of alpha-generating techniques and instruments, including duration, curve, country selection, and derivatives.
4. Oversee the implementation, sizing, and management of systematic rates strategies as well as analyzing information from the underlying signals.
5. Collaborate with macroeconomic research, quantitative analytics, and trading teams to generate and implement investment ideas.
6. Maintain a disciplined, risk-aware investment process, ensuring alignment with client guidelines and internal risk parameters.
7. Contribute to the development of new strategies and products within the EMD space.
8. Represent the strategy and platform to internal stakeholders, clients, and consultants.

Required Qualifications & Experience:

9. Minimum 7–10 years of experience in fixed income portfolio management, with a focus on emerging market local debt.
10. Demonstrated strong performance track record (top quartile) over 1, 3, and 5 years managing active GBIEM GD mandates, or similar Local mandates.
11. Experience managing local allocations within multi-sector portfolios, including EM blended and global fixed income strategies.
12. Deep understanding of macroeconomic drivers, monetary policy, and political risk in emerging markets.
13. Experience working within a large, collaborative investment platform with cross-functional teams.
14. Advanced degree in Finance, Economics, or related field preferred; CFA designation preferred.

Key Skills:

15. Deep knowledge of EM local markets, including liquidity dynamics, market microstructure, and regulatory environment
16. Strong communication and presentation skills; ability to articulate investment views to internal and external stakeholders.
17. Collaborative mindset with the ability to work effectively across global teams.
18. High level of intellectual curiosity and a proactive approach to idea generation.
19. Strong decision-making under uncertainty and a disciplined investment process.
20. Deep sense of risk awareness and accountability in managing client capital.
21. Strong quantitative and analytical skills; proficiency in quant/market tools and risk systems
22. Familiarity with a wide range of instruments including local bonds, FX, interest rate derivatives, and structured products.

Why Join Us?

23. Be part of a globally recognized investment platform with significant AUM and institutional reach.
24. Access to cutting-edge research, technology, and trading infrastructure.
25. Work in a diverse and inclusive environment that values innovation and long-term thinking.
26. Competitive compensation and career development opportunities.

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