Job Description:
Employer: DWS Group
Title: Senior Portfolio Engineer, Fixed Income ETFs/ Index Investments
Location: London
Team / Division Overview: The Passive Portfolio Management Team at DWS manages the full range of X-trackers across Equity and Fixed Income Exchange Traded Funds, as well as Segregated mandates, covering a wide range of index providers and benchmark types, from multiple ESG flavours to Thematics. With presence in 17 locations, the team plays a key role in portfolio engineering.
Role Details:
- Carrying out daily management of the Fixed Income ETFs and index portfolios via portfolio construction and trade implementation
- Supporting the management of client flows efficiently, negotiating in‑kind baskets with APs
- Managing investment and risk exposures, while determining optimal hedging strategies where applicable
- Determining optimal portfolio strategy to minimize tracking error to index, to ensure trading accuracy across corporate actions and cash flows
- Working closely with trading desks to determine optimal execution strategies
- Contributing to new and existing product development and process enhancement
- Working with the team to enhance the platform with a focus on performance and automation
- Overseeing Net Asset Value, Portfolio Composition File reconciliations and performance attribution analysis
We are looking for:
- Sound financial markets knowledge with exposure to Index, Synthetic or Delta‑one derivative instruments preferred, but broader experience across Fixed Income, FX, Rates will be considered
- Sound experience from either a Portfolio Management, Structuring, Trading, Index Research background, with knowledge around portfolio construction, performance & attribution, and related ETF servicing
- Knowledge of index methodologies from key providers including FTSE, Bloomberg, Iboxx, JPM, etc.
- Strong Quantitative Programming skills including Python are essential, additional languages such as VBA would be beneficial
- Proficiency in all Microsoft Office Applications and capability using Bloomberg, Aladdin and optimisation systems like Barra BPM, Bloomberg Portfolio Management
- Educated to Bachelor’s degree level or equivalent qualification/relevant work experience
What we’ll offer you:
Benefits include:
- 30 days’ holiday plus bank holidays, with the option to purchase additional days
- A non‑contributory pension scheme, up to 10%
- Physical and Mental Health Well‑Being benefits including Private Medical Cover, a complimentary GP service and the support of Mental Health First Aiders
- Family friendly benefits including generous parental leave packages, to healthcare plans and travel insurance
- The opportunity to support our CSR strategy focused on combating climate change and achieving greater social justice
We are committed to creating a diverse and inclusive workplace, embracing dialogue and diverse views, and treating everyone fairly to drive a high‑performance culture.
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