VP/Investment Manager, Private Accounts, Multi-Asset & FI

About the role

AB Global's Shanghai office is hiring an Investment Manager for its Private Account Management (PAM) team, reporting to the Chief Investment Officer, China Fixed Income. The role sits in the Fixed-Income Investment and Research Department and manages absolute-return discretionary accounts, including insurance outsourced mandates, bank proprietary and wealth subsidiary mandates, enterprise annuities and family trusts.

Key responsibilities

• Manage absolute-return fixed income or multi-asset discretionary accounts, set and run investment strategies, and own portfolio performance, drawdown control and risk management.
• Dynamically adjust allocations across equities, fixed income, convertible bonds and derivatives according to client agreements and risk appetite.
• Build and optimise strategic and tactical asset allocation frameworks using models such as risk parity, volatility control and target risk.
• Screen and price underlying assets (A-shares, HK stocks, bonds, funds) with researchers, place trades, monitor execution and respond to liquidity constraints.
• Present investment logic, risk-return profiles and performance attribution to clients, and tailor solutions to their liabilities, tax preferences and ESG constraints.
• Ensure compliance with investment procedures and risk controls, keeping VaR, duration and concentration ratios within limits.
• Collaborate with overseas teams on quantitative models and product strategy.

Required profile

• Master's degree or above in Finance, Economics, Mathematics, Statistics, Financial Engineering or a related field.
• CFA, FRM or CPA preferred.
• At least 3 years of secondary market investment and research experience, including 2 years independently managing multi-asset or absolute-return accounts with verifiable performance data.
• Preferred: experience with large discretionary accounts (AUM over RMB 1 billion) or bank outsourced mandates, and a background in insurance, securities, bank wealth or public fund discretionary business.
• No negative performance records, no illegal investment conduct, and no employment silence period restriction.

Required skills

• Multi-asset strategies such as bond-heavy hybrids, target risk, risk parity and Fixed Income Plus.
• Use of derivatives (index futures, options, structured products) for hedging and return enhancement.
• Asset rotation, macro hedging and tail risk management.