Trainee Portfolio Manager

Rathbones provides individual investment and wealth management services for private clients, charities, trustees and professional partners. We have been trusted for generations to manage and preserve our clients’ wealth. Our tradition of investing and acting responsibly has been with us from the beginning and continues to lead us forward. Our ambition is to be recognised as the UK’s most responsible wealth manager. We see it as our responsibility to invest for everyone’s tomorrow. That means doing the right thing for our clients and for others too. Keeping the future in mind when we make decisions today. Looking beyond the short term for the most sustainable outcome. This is how we build enduring value for our clients, make a wider contribution to society and create a lasting legacy. Thinking, acting and investing responsibly.

In this role you will join Investec Wealth and Investment as part of the portfolio management function. This will require critical analysis of macro and financial trends, and interpretation of research output to construct and manage portfolios on behalf of private clients, SIPPs, trusts, charities and corporates. The key objective is to provide high quality, professional portfolio management services to a variety of stakeholders – both in terms of portfolio management and client servicing.

Main Responsibilities:

• Develop knowledge of, and comply with, all regulatory and organisational requirements/procedures.
• Liaise with client relationship managers to ensure the business meets client objectives.
• Keep abreast of operational and administrative procedures.
• Provide general administrative support to the team.
• Construction of portfolios using a range of asset classes to meet investment objectives as directed by a competent Portfolio Manager.
• Build orders as directed by a competent Portfolio Manager.
• Contribute ideas to the development of investment strategy on portfolios and team investment models.
• Provide support with the production of material for weekly team investment meetings.
• Develop and build knowledge of portfolio construction theory.
• Monitor portfolio performance against objectives and benchmarks.
• Develop proficiency in tools such as Factset, Blackrock P360 and FE Analytics.
• Prepare schemes to illustrate portfolios for potential new clients.
• Attend meetings with a variety of external asset managers.
• Liaise with the Investment and Research Office on investment ideas.
• Keep abreast of financial news and global investment themes.

Long Term:

• Complete appropriate professional examinations.
• Attend ongoing professional training courses and events.

Skills and Experience:

• Act with integrity and embrace the philosophy of treating our customers fairly.
• A strong interest in investment markets.
• Enthusiasm and motivation to learn.
• Competent at working to deadlines and managing time.
• Flexible attitude to work in response to changing workloads and deadlines within the team.
• Communication skills necessary to interact effectively with team members, clients and client relationship managers.
• Exceptional focus and attention to detail.
• Good numerical skills.
• IT literate with an ability to learn new systems.
• Working knowledge of Microsoft Office Word, Excel, and PowerPoint.

Qualifications:

• Hold or be working towards the Investment Advice Diploma (level 4)/IMC.
• You will be expected to obtain the CFA/CWM within 3 years.
• You will be encouraged to complete the CFA Certificate in ESG Investing.
• Keep an up to date record for continued professional development (CPD).

Life at Rathbones:

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all. We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values – those that are passionate about client service, operate with the highest levels of integrity and have a strong results focus.