Marsh McLennan
Portfolio Analyst - Fixed Income, Portfolio Management Team

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Company
Mercer
Description
Mercer is seeking a talented individual to join our Fixed Income Portfolio Management Team. This role will be based in London or Cork and is a hybrid position, with a requirement to work in the office a minimum of three days per week.
In this role, you will support the management of discretionary fixed income portfolios on behalf of clients across the International Region, contributing to manager selection, portfolio construction, performance analysis, and ongoing portfolio oversight. You will work alongside experienced Portfolio Managers and collaborate with Mercer’s market-leading Manager Research team to help deliver innovative investment solutions and strong client outcomes.
This position is ideal for someone with investment management experience who is passionate about fixed income markets and portfolio construction and is looking to develop their career within one of the world's leading investment consulting and delegated solutions businesses. For the right candidate, the role can be tailored to reflect experience and career aspirations.
Key Responsibilities
- Support Portfolio Managers in the management of discretionary fixed income portfolios for International Region clients.
- Contribute to investment and portfolio construction decisions across a broad range of fixed income asset classes, including government bonds, corporate credit, currency, securitised assets, and other specialist sectors.
- Assist with investment manager research, selection, and ongoing oversight activities.
- Help design, develop, and implement new investment strategies and portfolio solutions.
- Develop a deep understanding of fixed income markets, manager universes, and portfolio positioning.
- Analyse portfolio performance, risk metrics, and underlying manager results to support investment decision-making.
- Maintain, enhance, and document portfolio management and risk management processes.
- Support the integration of technology and AI-enabled tools to improve analytical capabilities and operational efficiency.
- Assist with portfolio performance reporting and the preparation of investment materials for internal and external stakeholders.
- Build strong working relationships with colleagues across Portfolio Management, Manager Research, Investment, and Operations teams, as well as external investment managers.
- Support client management and business development initiatives where appropriate.
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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
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Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Required Qualifications
- Previous experience within investment management, investment consulting, asset management, or a related financial services environment.
- A genuine passion for investment markets and portfolio management.
- Strong analytical and quantitative skills, with the ability to interpret investment data and draw meaningful conclusions.
- Excellent attention to detail and a highly organised approach to managing priorities and deadlines.
- Strong problem-solving skills with a curious and inquisitive mindset.
- Ability to work both independently and collaboratively within a team-based environment.
- Effective communication skills, with the ability to communicate complex information clearly and confidently.
- Experience using investment data and analytical tools.
- Proficiency with Microsoft Excel and other business applications.
Preferred Qualifications
- Three or more years of investment industry experience.
- Experience working with fixed income portfolios, multi-manager funds, or manager research.
- Knowledge of portfolio construction techniques, risk analysis, and performance attribution.
- Experience using platforms such as eVestment, FactSet, or similar investment research and analytics tools.
- Strong interest in leveraging data and AI technologies within investment processes.
- Progress towards, or completion of, a professional investment qualification such as CFA, CAIA, FIA, FSAI, or equivalent.
- Initiative, drive, and a proactive approach to identifying opportunities and solving problems.
- Experience working with institutional investors, including pension schemes, insurers, wealth managers, endowments, or foundations.
Why Join Our Team
- Join a highly respected Fixed Income Portfolio Management Team responsible for overseeing more than $30 billion of delegated assets across a diverse range of fixed income strategies.
- Work alongside leading investment professionals and gain exposure to some of the highest-rated investment managers in the global market.
- Be part of a team with a proven track record of developing innovative investment solutions and delivering strong client outcomes.
- Benefit from excellent opportunities for professional development, technical learning, and career progression.
- Collaborate within a supportive, inclusive, and high-performing culture that values innovation, curiosity, and diverse perspectives.
- Leverage Mercer’s global scale and market-leading expertise to make a meaningful impact for clients across the International Region.


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About Us
Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.
Diversity and Inclusion
Marsh is committed to embracing a diverse, inclusive, and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@marsh.com.
Hybrid Work Commitment
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections, and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
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