Portfolio Management Senior Analyst – Derivatives and Liability Hedging

2 weeks ago


Reigate, United Kingdom WTW Full time

This role sits in WTW’s Portfolio Management team. WTW manage over £130bn of assets globally. The focus of this role would be 1) Checking/guiding the work of more junior Analysts; with the goal of; 2) Supporting Portfolio Managers in building hedges for UK pension schemes’ liabilities, building cashflow generative fixed-income mandates and designing and implementing derivative portfolios.

The Role

  • Work with Portfolio Managers to build portfolios (including the use of derivatives) which: Hedge the risks in UK pension scheme liabilities, generate cashflows to meet client requirements, increase investment returns or hedge risks in other assets held

  • Analyse UK pension scheme liabilities and understand/quantify the risks involved (i.e. UK DB Pension Liability Driven Investment (LDI) work)

  • Guide/check work produced by junior members of the Portfolio Management Team to produce timely and high-quality output

  • Draft high-quality papers recommending/justifying changes to client’s portfolios

  • Extend knowledge of UK pension schemes, fixed-income assets, and derivative markets in order to be able to work more independently and be able to own/present papers/ideas to clients and internally

The Requirements

  • Very strong mathematical and analytic capabilities and high attention to detail

  • Knowledge of traditional asset classes (particularly Fixed Income), derivatives (particularly Sterling Rates/Inflation) and UK pension scheme benefit structures – likely gained through a combination of: Actuarial/CFA exams, working at a UK pensions consultancy, bank or an asset management firm. We are open to applications from candidates with deep experience in one/two of these areas (rather than all three).

  • Ability to work with junior analysts to prioritise work and produce high quality output for Portfolio Manager signoff

  • Comfortable presenting to clients and senior committees internally

  • Ability to produce high quality written material to propose/justify changes to clients

WTW is an Equal Opportunity Employer

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution. We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.



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