Associate/AVP, Portfolio Manager, Total Portfolio Solutions

Location: Singapore, SG
Job Function: Total Portfolio Solutions
Job Type: Permanent
Req ID: 16341

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we work at the Point of Impact for Singapore’s financial future and the communities we invest in worldwide.

Total Portfolio Solutions
TPS works closely with GIC’s Group Chief Investment Officer on top-down portfolio management solutions. One of the team’s mandates is to design and implement long-term and medium-term multi-asset class strategies to maximize impact to the total portfolio.

What will you do as an Associate/AVP, Portfolio Manager?

1. End to end development and management of systematic volatility strategies:
   • Research: Contribute to the design of option strategies in Equities, Fixed Income, and Commodities, leveraging the respective volatility dislocation or relative value opportunities in each class, with the objective of i) Hedging, or ii) Carry generation.
   • Portfolio management: Contribute to the management of the systematic volatility portfolio and monitor typical volatility risks metrics (greeks) and manage active positions through both systematic and discretionary approaches.
   • Market Analysis: Develop market screening tools to flag structural and transitionary volatility dislocations, and follow closely exogenous factors such as geopolitical shocks, central bank decisions, or macro-economic trends that impact volatility markets and strategies in the portfolio.
2. Portfolio Construction & Portfolio Management
   • Contribute to the development and maintenance of portfolio construction frameworks to manage the teams’ various portfolios, for example: hedging vs alpha seeking, long only vs RV.
   • Contribute to the development and maintenance of systematic portfolio rebalancing frameworks, taking into account transaction costs, and underlying strategies risk and return characteristics.
   • Portfolio management: Monitor the team’s portfolios risks [Volatility, CVaR, market betas, factor exposure, leverage, risk contributions vs budgets, etc.], and conduct forward-looking scenario analysis to hedge portfolio outsized risks if any.

What qualifications or skills should you possess in this role?

1. 4 – 7 years of successful track record in developing systematic multi-asset volatility strategies, preferably in tail hedging.
2. Strong volatility products expertise, and deep knowledge of structured product flows and their impact on market parameters.
3. MSc or bachelor’s degree with a major in a quantitative field (Math, Physics, Engineering, etc.) from a leading university.
4. Strong coding skills, proficiency in R or Python is essential.
5. Strong communication skills, with the ability to present clearly and succinctly complex ideas, and influence and collaborate with other team members.
6. Highly detail-oriented, self-motivated, and with a strong sense of commitment to delivering high-quality work.

Work at the Point of Impact
We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit, and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC
At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

GIC is an equal opportunity employer
GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please email grphrodtaops@gic.com.sg at any point of the application or interview process if adjustments need to be made due to a disability.