Japan Fixed Income & Credit Portfolio Manager, Managing Director

About the role

BlackRock is recruiting a Japan Fixed Income & Credit Portfolio Manager, Managing Director, based in Tokyo. The Japan Fixed Income team sits within the Global Fixed Income platform and delivers investment outcomes across Japanese fixed income and credit markets, partnering with local, regional and global investors. The role is senior and involves leading portfolio construction, generating alpha and representing investment views to clients.

Key responsibilities

• Lead portfolio construction and investment decisions across Japanese fixed income and credit markets, generating alpha through security selection, sector allocation, relative value and macro positioning.
• Develop investment views on credit markets, issuer fundamentals, interest rates and market technicals, and manage portfolio risk, performance and capital allocation in line with client objectives.
• Maintain expertise in Japanese corporate credit, especially high yield bonds, leveraged loans and bespoke credit, and evaluate primary and secondary market opportunities.
• Partner with research teams to implement high-conviction ideas and contribute to regional and global fixed income discussions.
• Represent investment views to institutional clients, consultants and senior stakeholders, and support product development and franchise growth.
• Collaborate with portfolio managers, analysts, traders, product strategists and risk managers, and mentor junior investment professionals.

Required profile

• Extensive investment experience, with significant focus on Japanese fixed income and credit markets.
• Proven track record of portfolio management, alpha generation and risk management across multiple market cycles.
• Experience managing institutional client mandates such as pension, insurance, sovereign, intermediary and wealth-related assets.
• Leadership experience, including mentoring and developing investment talent.
• Strong written and verbal communication in Japanese and English; CFA, Master's degree or equivalent preferred.

Required skills

• Portfolio construction, asset allocation, risk budgeting and performance attribution.
• Japanese issuers, credit fundamentals, valuation and liquidity dynamics.
• Preferred: bottom-up credit analysis, relative value identification, trading and liquidity management, portfolio analytics and risk systems, institutional portfolio management platforms, and familiarity with AI use in investment processes.

What we offer

• A retirement plan, tuition reimbursement, comprehensive healthcare and support for working parents.
• Flexible Time Off.
• A hybrid model of at least four days in the office per week, with one day from home, and onboarding support for new joiners.