Fixed Income Portfolio Manager

1 month ago


Wolverhampton, Wolverhampton, United Kingdom LGPS Central Full time

We are seeking an experienced Fixed Income Portfolio Manager to join our team at LGPS Central in the Midlands. As a key member of our Fixed Income Investments team, you will play a critical role in shaping and executing our investment strategies in the Fixed Income space.

About the Role

As a Fixed Income Portfolio Manager, you will be responsible for managing designated sub-funds/investment mandates ensuring that portfolios adhere to all regulatory, investment, and risk parameters. You will also contribute to a rigorous culture of high-performing, collaborative, research-based, and responsible investing across the Investment team.

  1. Management of designated sub-funds/investment mandates, adhering to regulatory, investment, and risk parameters.
  2. Document and ensure that you meet the investment targets of the Partner Funds in respect of those sub-funds and mandates.
  3. Support the Investment Director in the development of future Fixed Income funds launched by LGPS Central Limited.
  4. Review and attribute fund performance and produce monthly and quarterly reports within agreed timescales.
  5. Run your sub-funds/investment mandates in a manner that will deliver value for money for Partner Funds while identifying opportunities to improve the risk-adjusted returns after charges in your portfolios.
  6. Ensure that your portfolios are managed within the parameters set in the Prospectus and the IMA, and in accordance with the Company's policies and the Company's Risk and Compliance Framework.
About Us

LGPS Central Limited is an FCA regulated asset manager and manages the pooled assets of eight midlands-based Local Government Pension Scheme funds. Our Partner Funds are:

  • Cheshire Pension Fund
  • Derbyshire Pension Fund
  • Leicestershire Pension Fund
  • Nottinghamshire Pension Fund
  • Shropshire Pension Fund
  • Staffordshire Pension Fund
  • West Midlands Pension Fund
  • Worcestershire Pension Fund

We are owned equally by all eight of our Partner Funds and are dedicated to the management of local government pension assets. We manage assets across public and private markets both internally and through externally appointed investment managers. Our commitment to responsible investment has made it a core part of our investment process in every asset class.

What We Offer

A competitive salary of £60,000 - £80,000 per annum, depending on experience. Additionally, we offer a generous Pension Scheme, 30 days' paid holiday plus bank holidays, 2 days paid volunteering days, and an extra paid Company Day in addition to paid holidays. We also provide excellent Learning & Development Opportunities, Welfare and Family-friendly policies, Enhanced pay for new parents, Access to our Employee Assistance Programme - 24-7 Health & Wellbeing Support, Medical Health Cash Plan, Hybrid Working, Company Service Awards, Cycle to Work Scheme, Company Electric Vehicle Scheme, and Brand New Office Space.

Requirements

You will need a Bachelor's degree in a related field and a CFA designation is highly desirable. You should have detailed knowledge of all Fixed Income asset classes including Government Bonds, Corporate Bonds, High Yield, Co-Cos, Loans, and EMD. Experience of contributing to and following policies on the selection of investments, documenting the rationale for making investments, portfolio construction, and monitoring and reporting is essential. Good communication and experience of collaborative investment decision making in an FCA regulated environment are also required. Strong technical and analytical skills with experience in an investment role in asset management or investment banking are necessary. You should be able to evaluate performance and risk of investment portfolios objectively. Knowledge of Bloomberg or other financial data systems is also beneficial. Advanced Excel, PowerPoint, Word are essential tools for this role.



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