At a Glance
- Tasks: Lead portfolio construction and investment risk for Multi-Asset portfolios, providing insights and recommendations.
- Company: Join a leading financial firm with over 50 years of experience in building better futures.
- Benefits: Flexible working, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on innovation and client success.
- Why this job: Make a real impact on investment strategies and collaborate with top professionals in the industry.
- Qualifications: 7-10 years in portfolio construction or investment risk, strong analytical and communication skills.
The predicted salary is between 75600 - 92400 £ per year.
About the Opportunity
Job Type: Permanent
Application Deadline: 23 October 2026
Department: Portfolio Construction & Risk
Location: UK (London)
Reports To: Global Head of Portfolio Construction & Risk Multi-Asset, Fixed Income and Real Estate
Level: Associate Director (Level 7)
We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our team and feel like you’re part of something bigger. Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.
As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.
About your team
The Portfolio Construction & Risk team provides first-line investment risk oversight and portfolio construction support across Multi-Asset, Fixed Income and Real Estate. The team works closely with Portfolio Managers and CIOs, providing independent challenge, portfolio insight and analytical support to help ensure risks are well understood and portfolios remain aligned with their investment objectives. The team also plays an important role in investment governance, including Quarterly Fund Reviews, CIO discussions and other portfolio oversight processes.
About your role
This is a senior role within the Portfolio Construction & Risk team, with a primary focus on Multi-Asset. You will provide portfolio construction and investment risk coverage for European-based Multi-Asset Portfolio Managers, while working closely with colleagues globally. You will act as a senior partner to Portfolio Managers and the Multi-Asset CIO, providing independent challenge, portfolio insight and practical recommendations. You will also take ownership of key initiatives across the Multi-Asset franchise, contribute to the development of portfolio construction and risk capabilities, and play an important role in the governance of the platform. The role includes regular interaction with clients and senior stakeholders and requires the ability to communicate complex portfolio construction and risk topics clearly and credibly.
Key responsibilities:
- Provide portfolio construction and investment risk coverage for European-based Multi-Asset Portfolio Managers, offering independent challenge and practical recommendations.
- Lead key Multi-Asset initiatives across portfolio construction, analytics and investment processes.
- Lead Quarterly Fund Reviews and contribute to weekly CIO and other investment governance discussions.
- Analyse portfolio positioning and risk, including factor exposures, scenario analysis and stress testing.
- Work closely with PCR colleagues globally to ensure a consistent approach and share best practice.
- Present portfolio construction and risk insights clearly to clients, consultants and senior internal stakeholders.
- Partner with investment, product, distribution, data and technology teams on strategic and client-led priorities.
- Support the development of the wider PCR team through knowledge sharing and coaching of junior colleagues.
About you:
- 7–10 years of relevant experience within portfolio construction, investment risk, Multi-Asset investing or a related area within asset management or an institutional investment environment.
- Strong practical experience of Multi-Asset portfolio construction, including asset allocation, risk budgeting and portfolio risk management, with a broad understanding of the key asset classes used in Multi-Asset portfolios.
- Experience working directly with Portfolio Managers and senior investment professionals, with the judgement and credibility to provide constructive independent challenge.
- Familiarity with investment risk and portfolio analytics platforms such as BarraOne, RiskMetrics, PORT or comparable systems.
- Strong client-facing and presentation skills, with the ability to communicate investment and risk concepts clearly to a range of audiences.
- Experience contributing to portfolio review and investment governance processes.
- Strong organisational discipline, with the ability to coordinate multiple priorities, capture clear actions and accountability, and ensure timely follow-through on key decisions and commitments.
- Comfortable working across regions and collaborating with a broad range of investment and business stakeholders.
- Proactive and solutions-oriented, with the ability to take ownership and drive initiatives through to completion.
- Degree in Finance, Economics, Mathematics or another relevant discipline. A professional qualification such as CFA, FRM or equivalent would be beneficial.
Why join this role?
This is an opportunity to take a senior role within Multi-Asset, working closely with Portfolio Managers, the Multi-Asset CIO and senior investment leadership. The role offers the opportunity to influence portfolio construction, lead key initiatives and contribute to the continued development of the Multi-Asset platform.
Associate Director, Portfolio Construction & Risk in London employer: Fidelity International
At our London office, we pride ourselves on fostering a collaborative and supportive work culture that empowers our Equity Research Analysts to thrive. With a strong emphasis on employee development, we offer comprehensive benefits and flexible working arrangements, ensuring that you can balance your professional and personal life while contributing to meaningful investment decisions. Join us to be part of a dynamic team where your insights are valued and your growth is prioritized.
StudySmarter Expert Advice🤫
We think this is how you could land Associate Director, Portfolio Construction & Risk in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Fidelity International. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate Director, Portfolio Construction & Risk in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Fidelity International.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Fidelity International's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Fidelity International
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Fidelity International.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former Fidelity International employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
