Investment Oversight Manager

Join LGPS Central at a pivotal moment, where investment oversight, long-term stewardship and real-world impact come together. This role is based in Wolverhampton and will play a key part in providing internal oversight of LGPS Central’s pooled investment funds and internally managed investments across all asset classes. The role will help ensure our investment portfolios are well governed, appropriately challenged and aligned with our objectives, investment beliefs, risk appetite and Partner Fund expectations.

The postholder will work closely with the Head of Centre of Excellence, CIO, Investment Teams and wider stakeholders to assess fund performance, investment risk, portfolio construction, manager quality and alignment with agreed mandates. This will include qualitative and quantitative oversight across areas such as listed equities, fixed income, property, private credit, private equity, infrastructure and other emerging asset classes. As a senior member of the investment function, the postholder will provide clear, evidence-based insight to support strong decision-making. They may also be required to present at Investment Committee, ORCA and other governance forums, helping LGPS Central maintain a transparent, robust and proactive approach to investment oversight.

This role is a certified role under the Senior Manager’s Certification Regime and will be subject to assessments in Fitness and Propriety and any other regulatory requirements.

What you’ll be doing:

• Investment Oversight and Risk Management

Lead holistic qualitative risk assessments of internal funds, covering both investment and non-investment risks. Review fund performance, manager quality and alignment with LGPS Central’s fund objectives. Assess whether portfolios are being managed in line with agreed mandates, investment beliefs, risk parameters and governance expectations. Develop and monitor risk metrics, identifying emerging risks across asset classes. Provide clear views on whether oversight and actions taken by Investment Teams are adequate, reasonable and proactive. Oversee investments across a broad range of asset classes, including listed equities, fixed income, property, private credit, private equity, infrastructure and other emerging assets. Contribute to long-term investment thinking, particularly where risk-adjusted returns, liquidity and Partner Fund outcomes need to be carefully balanced.

• Portfolio Construction and Asset Allocation

Help shape and challenge asset allocation frameworks, considering risk, return, liquidity and market conditions. Contribute to tactical asset allocation analysis, modelling and investment thinking. Provide insight into portfolio construction and help ensure portfolios remain aligned to LGPS Central’s long-term objectives. Support the CIO and Head of Centre of Excellence with financial and performance oversight of LGPS Central’s investment portfolios.

• Governance, Risk and Compliance

Support a clear, auditable and repeatable approach to investment oversight. Ensure oversight activity is aligned with LGPS Central’s governance framework, Investment Delegation Policy and internal standards. Present oversight findings and risk assessments to Investment Committee and other governance forums when required. Support the development of a strong first line control environment within the Investment function. Integrate responsible investment and ESG considerations into oversight activity, where relevant.

• Stakeholder Engagement

Build strong and credible relationships with Investment Teams, Portfolio Managers, Partner Fund Client Directors, senior leaders and wider colleagues. Work collaboratively across teams to provide practical, constructive and well-evidenced oversight. Present complex investment information clearly to technical and non-technical audiences. Act as a trusted source of insight, challenge and support across the business.

About us

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for fourteen 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 £100bn+ of their assets. It is one of six 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. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links. 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

• Proven experience in investment oversight, manager selection, risk management, asset allocation or portfolio analysis.
• Experience gained within a pension fund, asset manager, investment consultant or similar institutional investor environment.
• Strong understanding of financial markets and a broad range of asset classes.
• Experience assessing investment performance, portfolio construction, risk and manager quality.
• Good understanding of strategic and tactical asset allocation methodologies.
• Ability to analyse complex investment portfolios and provide practical, evidence-based insight.
• Strong understanding of investment and non-investment risk management frameworks.
• Experience working with internal and external stakeholders, including senior management, investment teams, service providers or regulatory bodies.
• Strong analytical skills, with excellent attention to detail.
• Ability to anticipate issues, challenge constructively and propose practical solutions.
• Strong communication skills, with the ability to present complex information clearly.
• Good working knowledge of Microsoft Excel, PowerPoint, investment analysis tools and financial modelling.
• Ability to work collaboratively across teams and manage multiple priorities.
• High degree of professional ethics, integrity and judgement.
• Good understanding of ESG factors and how they can affect investment performance, risk and opportunity.

Qualifications:

Bachelor’s degree required. CFA or equivalent qualification preferred. IMC preferred. Has, or can meet, all 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.