At a Glance
- Tasks: Manage client portfolios and deliver tailored support to Partner Funds in a dynamic investment environment.
- Company: Join LGPS Central, a leading FCA-regulated asset manager with a £45bn+ portfolio.
- Benefits: Enjoy competitive salary, generous pension scheme, 30 days holiday, and hybrid working options.
- Other info: Collaborative culture with excellent career growth and commitment to responsible investment.
- Why this job: Be at the forefront of investment management and make a real impact on local communities.
- Qualifications: Experience in investment management and strong analytical skills are essential.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Based in Wolverhampton. LGPS Central (LGPSC) Ltd is the FCA-regulated asset manager for eight local authority pension funds across the Midlands, managing £45bn+ of assets. We are recruiting two Client Portfolio Managers to strengthen our client-facing capabilities and deliver high-quality, tailored support to Partner Funds as part of our investment delegation services.
Role focus: implementation of the total Fund portfolio for 2-4 Partner Funds in line with the Investment Management Agreement (IMA), including the management of all cashflows. The underlying implementation of manager and stock selection will be delegated to other Central investment teams. You will work closely with Partner Fund Client Directors and Central Operations and Investment teams across both private and public markets.
Join the centre of a £45bn pension pool and collaborate with Partner Funds across both public and private markets.
What you\'ll be doing
As our Client Portfolio Managers, you will be at the heart of delivering an exceptional client experience. The role has two phases:
Initial phase
- Develop and implement our business plan to enable Central to take on greater delegated implementation in line with government proposals and legislation.
- Design Central\'s total portfolio management service for Partner Funds.
- Assist in designing investment schedules of the IMA.
- Assist with procurement of systems (e.g., total portfolio management system) with appropriate data inputs.
- Assist with recruitment of appropriate people.
- Design asset class building blocks.
- Build relationships with Partner Funds.
- Agree project plans for onboarding Partner Funds ahead of government deadlines with Client Directors and internal teams.
- Work with external support such as investment consultants or third-party oversight.
Ongoing
- Build and manage the overall strategy for 2-4 Partner Funds. Underlying implementation (e.g., manager or stock selection) is likely delegated to Central building blocks and investment teams.
- Work with Client Directors and clients to agree investment guidelines of the IMA.
- Ensure ongoing compliance with IMA investment guidelines and reporting; rectify any breaches appropriately.
- Ensure portfolios reflect Central\'s house views consistently and timely.
- Rebalancing and/or tactical asset allocation in line with Partner Fund guidelines.
- Manage all cashflows including investment income, private market distributions, private market commitments, Partner Fund contributions, and distribution requests.
- Model cashflows; plan and implement transitions and trades; execute trades and draft client instruction letters where required.
- Identify improvements and efficiencies in ways of working.
- Collaborate with Partner Funds, Client Directors and investment teams to align Central\'s building blocks with Partner Fund needs; participate in internal forums to develop investment ideas.
- Likely meet with Partner Funds (including, on occasion, the Pensions Committee) and third-party evaluators to explain our approach.
About LGPS Central
LGPS Central (LGPSC) Ltd is the FCA-regulated asset manager for eight Local Government Pension Scheme funds across the Midlands, responsible for managing £45bn+ of assets. It is jointly owned by Partner Funds and is one of eight LGPS asset pools in the UK. Our Partner Funds are: Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, West Midlands, and Worcestershire Pension Funds.
We are committed to responsible investment and offer a friendly, hybrid-working environment with a range of employee benefits. Our offices are in Wolverhampton, with good transport links.
Requirements
- Institutional Investment Expertise: Proven experience in OCIO, fiduciary, or multi-asset management within asset managers, consultants, or institutional investors, with knowledge of both public and private markets and ideally some exposure to LGPS.
- Project & Stakeholder Management: Ability to lead cross-functional projects and collaborate with senior management, investment teams, and external service providers.
- Technical Systems Proficiency: Strong understanding of portfolio management systems (e.g., Aladdin, Simcorp, Charles River) and data providers; experience with back/middle office functions.
- Portfolio & Transition Management: Expertise in managing complex investment portfolios, transitions, multi-asset trading, and cashflows across public and private markets.
- Regulatory & Structural Knowledge: Good grasp of UK investment regulations, pension schemes (ideally LGPS), and investment structures (pooled and segregated vehicles).
- Analytical & Communication Skills: Strong numerical and analytical abilities; able to explain complex investment matters clearly.
- People & Relationship Skills: Personable, articulate, credible; capable of building relationships and influencing stakeholders.
- Ethical Standards & ESG Focus: Committed to high ethical conduct with understanding of ESG integration in investment decisions.
Qualifications
- Bachelor\'s Degree – Required
- CFA – Preferred
- IMC – Preferred
- Has or can meet all the requirements of being an FCA approved person
What we offer
- Competitive salary
- An enhanced and generous Pension Scheme
- 30 days\' paid holiday plus bank holidays
- 2 days paid volunteering days
- An extra paid Company Day in addition to paid holidays
- 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
- Vitality Private Medical Insurance
- Hybrid Working
- Company Service Awards
- Cycle to Work Scheme
- Company Electric Vehicle Scheme
- Awards for Diversity and Inclusion in 2022-2023
Client Portfolio Manager - 12M FTC in Wolverhampton employer: LGPS Central
At LGPS Central, we pride ourselves on being an exceptional employer, offering a supportive and collaborative work culture in the heart of Wolverhampton. Our commitment to employee growth is reflected in our extensive learning and development opportunities, alongside a generous benefits package that includes a competitive salary, enhanced pension scheme, and hybrid working options. Join us to make a meaningful impact in managing £45bn+ of assets while enjoying a family-friendly environment and a focus on responsible investment.
StudySmarter Expert Advice🤫
We think this is how you could land Client Portfolio Manager - 12M FTC in Wolverhampton
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to LGPS Central. Attend events or webinars where you can meet potential colleagues and clients. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by understanding the company’s values and recent projects. Be ready to discuss how your experience aligns with their needs, especially in managing complex investment portfolios. Show them you’re not just a fit, but the perfect fit!
✨Tip Number 3
Practice your communication skills! You’ll need to explain complex investment matters clearly, so consider doing mock interviews with friends or mentors. The clearer you are, the more confident you’ll appear.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Client Portfolio Manager - 12M FTC in Wolverhampton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Client Portfolio Manager role. Highlight your institutional investment expertise and any relevant project management experience to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a perfect fit for LGPS Central. Don’t forget to mention your understanding of ESG integration!
Showcase Your Technical Skills:We love candidates who are tech-savvy! Be sure to mention your proficiency with portfolio management systems and any experience with back/middle office functions. This will help us see how you can hit the ground running.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at LGPS Central!
How to prepare for a job interview at LGPS Central
✨Know Your Numbers
As a Client Portfolio Manager, you'll be dealing with significant assets and cashflows. Brush up on your numerical skills and be ready to discuss how you would manage complex investment portfolios. Familiarise yourself with the figures related to LGPS Central's £45bn+ assets and think about how you can contribute to their management.
✨Understand the IMA Inside Out
The Investment Management Agreement (IMA) is crucial for this role. Make sure you understand its components and how they apply to the Partner Funds. Prepare to discuss how you would ensure compliance with the IMA guidelines and rectify any breaches, as this will show your attention to detail and commitment to regulatory standards.
✨Showcase Your Relationship Skills
Building relationships with Partner Funds is key. Think of examples from your past experiences where you've successfully collaborated with stakeholders or managed cross-functional projects. Be ready to explain how you would approach building these relationships at LGPS Central, as strong interpersonal skills are essential for this role.
✨Be Ready for Technical Questions
Given the technical systems proficiency required, prepare for questions about portfolio management systems like Aladdin or Simcorp. Brush up on your knowledge of back/middle office functions and be prepared to discuss how you would leverage these systems to improve efficiencies in managing cashflows and transitions.
