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- Tasks: Lead Fixed Income strategy and develop a high-performing investment team.
- Company: Join LGPS Central, a leading asset manager for local authority pension funds.
- Benefits: Enjoy competitive salary, generous pension scheme, and 30 days paid holiday.
- Why this job: Make a real impact in responsible investing and shape the future of Fixed Income.
- Qualifications: Significant experience in Fixed Income markets and strong leadership skills required.
- Other info: Hybrid working environment with a focus on continuous improvement and career growth.
The predicted salary is between 72000 - 108000 ÂŁ per year.
Join LGPS Central at a pivotal moment—where investment meets long term impact. We are strengthening our investment leadership as part of a wider reorganisation of our investment functions and are recruiting a Head of Fixed Income. This senior role will set the strategic direction for Fixed Income, continue to develop a high-performing team, and ensure our portfolios deliver strong, sustainable outcomes for Partner Funds. You will help shape investment culture, portfolio construction, and responsible investment integration.
What you'll be doing:
- Lead the Fixed Income offering and ensure that it is fit for purpose.
- Periodically review the range of FI assets offered and produce business cases for change where appropriate.
- Drive forward the performance of the FI offering.
- Periodically review the insourcing/outsourcing of FI assets.
- Deliver the shared objectives of LGPS Central Limited and our partner funds focused on improving risk adjusted return after cost and the launch of pooled sub-funds.
- Managing and improving investment capability and skills of the Fixed Income Markets team.
- Integrate and maintain the house view on Responsible Investment into the investment process and culture.
- Be an ambassador for LGPS Central Limited within the investment community, partner funds, and with regulators and key stakeholders.
- A member of the Investment Committee (IC) approving recommendations for new products, product changes and retiring of our offering across all asset classes.
- Provide assurance that portfolios are managed within the parameters set in the Prospectus/ Segregated mandates.
- In conjunction with the CIO, and other “Heads of” and Investment Directors, devise and deliver a transparent and repeatable investment process that follows the LGPS Central Limited policies.
- Working with the CIO to support the relevant aspects of the business strategy.
- Implement and manage risk and compliance in accordance with the Risk and Compliance Framework in collaboration with the Chief Compliance, Legal Risk and Governance Officer.
- Embed a culture of high performing, collaborative, research-based investing across LGPS Central Limited.
- Embarking on an appropriate first line of defence control framework within the Investment Team.
- Overseeing and managing the existing and new Fixed Income portfolios working with the Investment Directors, Senior Portfolio Managers, Portfolio Managers and others.
- Responsibility for origination, analysis, due diligence (both on and off-site), legal review and negotiation (working with internal and external counsel), execution, and post-execution active monitoring and management of ACS and Segregated Fund Investments.
- Working with the Finance and Operations teams to ensure Capital and Expense Calls, Distributions, and Investment/Fund related expenses are efficiently processed.
- Review and analysis of ESG risks for any ACS and Segregated Fixed Income Market Funds.
- As a team, actively monitor, manage, and advise on the Fixed Income market portfolios of Partner Funds.
- This includes advising on possible consolidations, secondary sales, attending External Manager meetings, Annual Investors Meetings, and ad-hoc calls/meetings with External Managers.
- Representing the LGPS Central Pool portfolio interests on investor advisory boards of External Funds.
- Lead on the development and launch of future LGPS Central Fixed Income Markets Funds. Tasks include negotiation of requirements with investors, specification of mandates, business case development, legal set up, IT systems and controls.
About Us
LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing ÂŁ45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK. The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class. LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds.
Requirements
- Significant experience of investment decision making in Fixed Income Markets.
- Significant experience of insourcing the management of FI assets, across a range of FI assets.
- Demonstrates portfolio construction and investment selection skills.
- Experience of management and oversight of investment portfolios.
- Has run and developed high performing teams.
- High degree of professional ethics, integrity and gravitas.
- Excellent judgement and analytical skills.
- First class interpersonal, people management and communication skills.
- Well-developed relationship partnering skills, including building and demonstrating personal credibility.
- Inspirational in their leadership of the broader team.
- Ability to reflect on feedback and support continuous improvement and thought leadership.
- Ability and confidence to draw out and effectively manage conflict/challenge.
- Substantial relevant experience of collaborative investment decision making and portfolio management at a senior level.
- Can evaluate performance and risk of investment portfolios objectively.
- Experience of management and oversight of internal and external investment portfolios across multiple asset classes.
Qualifications:
- CFA or equivalent qualification/ relevant investment experience.
- Preferably degree level or equivalent in relevant discipline.
- Has or can meet all the requirements of being an FCA approved person.
What do we offer?
We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:
- 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
Head of Fixed Income employer: LGPS Central
Contact Detail:
LGPS Central Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Fixed Income
✨Tip Number 1
Network like a pro! Get out there and connect with people in the investment community. Attend industry events, webinars, or even local meetups. The more you engage, the better your chances of landing that Head of Fixed Income role.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers, don’t hold back on sharing your insights about Fixed Income markets. This is your moment to shine and demonstrate why you're the perfect fit for LGPS Central.
✨Tip Number 3
Prepare for interviews like it’s game day! Research LGPS Central thoroughly—know their values, recent projects, and how they align with your vision for Fixed Income. Tailor your responses to show how you can contribute to their goals.
✨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 the initiative to engage directly with us.
We think you need these skills to ace Head of Fixed Income
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Fixed Income role. Highlight your experience in investment decision-making and team leadership, as these are key aspects of the job. We want to see how your skills align with our goals at LGPS Central!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about fixed income markets and how you can contribute to our mission. Be sure to mention any relevant experience with responsible investment integration, as it's a big part of what we do.
Showcase Your Leadership Skills: As a senior role, we’re looking for someone who can inspire and lead a high-performing team. Share examples of how you've successfully managed teams in the past and driven performance. We love to see candidates who can demonstrate their leadership style!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at LGPS Central
✨Know Your Fixed Income Inside Out
Make sure you brush up on your knowledge of Fixed Income markets. Understand the latest trends, challenges, and opportunities in the sector. Be ready to discuss how you would set the strategic direction for Fixed Income at LGPS Central and how your experience aligns with their goals.
✨Showcase Your Leadership Skills
As a senior role, they’ll be looking for someone who can lead and inspire a team. Prepare examples of how you've developed high-performing teams in the past. Think about specific situations where your leadership made a tangible difference in performance or culture.
✨Demonstrate Your Analytical Prowess
You’ll need to show that you can evaluate performance and risk objectively. Bring along examples of past portfolio management decisions you've made, including the analysis that led to those decisions. Be prepared to discuss how you integrate responsible investment into your strategies.
✨Engage with Their Vision
LGPS Central is focused on long-term impact and responsible investment. Familiarise yourself with their Fit for the Future agenda and think about how you can contribute to it. During the interview, express your enthusiasm for their mission and how your values align with theirs.
