We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they've been given.
At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today-and tomorrow.
Job Summary
The Money Market Portfolio Manager is responsible for the management of the organization's 2(a)7 mutual funds and the overall management of the organization's cash holdings across multiple accounts and portfolios. The role owns portfolio construction, risk management, and compliance with SEC Rule 2(a)7 and internal risk guidelines.
Job Responsibilities and Duties
Leads day-to-day management of short-term fixed income portfolios and various cash management mandates focused on capital preservation, daily liquidity, and competitive yield.
Actively manages and collaborates with trading desk to execute trades in short-term instruments including U.S. Treasury bills, commercial paper, agency securities, and collateralized repurchase agreements.
Ensures continuous compliance with SEC Rule 2(a)7 and internal risk management guidelines.
Maintains portfolio WAM/WAL, quality, diversification, and maturity structure within policy limits.
Manage, develop and maintain strong relationships with securities dealers and counterparties including sales coverage, traders, and syndicate desks.
Manages the organization's securities lending effort. This includes managing the Securities Lending Trust as well as relationships with our securities lending agents.
Produces periodic commentary related to Federal Reserve policy developments and expectations, liquidity conditions, flows, and broadly communicate these to senior investment management, portfolio management teams, and trading desk.
Present portfolio strategy, risk metrics, and performance updates to senior management, clients, and other stakeholders.
Models Thrivent's leadership competencies - courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable. ?
Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent's trust and reputation remain strong with its clients.
Job Qualifications
Required:
Master's degree in finance, business administration, another related field, or CFA designation.
Seven or more years experience managing or assisting in management of money market portfolios or short-term fixed income.
Strong understanding of liquidity risk management, credit markets, and monetary policy operations.
Strong analytical and technology skills, including proficiency with Blackrock Solution's Alladin OMS, Bloomberg, and Excel.
Preferred:
Master's degree in finance, business administration, another related field and CFA designation.
Additional Information
This position requires you to work on-site in Minneapolis, MN.
Pay Transparency
Thrivent's long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $206,040.00 - $278,759.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.
Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.
The following benefits may be offered: various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivent's plans/policies are subject to change at any time at Thrivent's discretion.
Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex , gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state , or federal law. This policy applies to all employees and job applicants.
Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation , please let us know by sending an email to human.resources@thrivent.com or call 800-847-4836 and request Human Resources.
At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they've been given. At our heart, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our customers. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today-and tomorrow.
For over 100 years, Thrivent has been helping people build their financial futures and live more generous lives. Today, it's a Fortune 500 company that offers a full range of expert financial solutions, serving more than 2 million customers, as well as the communities in which they live and work.
Thrivent fosters a diverse workforce to serve our diverse clientele, reflecting a wide range of backgrounds and experiences. If you're intrigued about our work and the possibility of becoming part of it, we invite you to visit Thrivent.com to learn more. You won't just build a career; you'll be part of an organization focused on growing, innovating, and serving.
