Public Market Analyst

Role OverviewThe Public Market Analyst (‘PMA’) will report to the Head of Public Markets and be a member of the Public and Private Markets team. The purpose of the role is to provide general support to the team in terms of governance and reporting. The analyst will also be expected to contribute to the research, selection and evaluation of public market mandates and investments. In addition the analyst will engage directly with third party managers. 

• The PMA will collate quarterly packs for reporting to the Manager Monitoring Committee (MMC), providing the Head of Public Markets, and the wider investment team, all the key information and metrics on the performance and other key deliverables of Nest’s external fund managers.
• The PMA will participate in external fund manager meetings and is required to minute them, along with the rest of the team.
• Upload periodic performance data on a monthly basis into our Investment Research Platform (IRP) and work with the Investment Technology & Financial Modelling team to improve the functionality of the IRP.
• When alerted by the Fund Administration team investigate mandate breaches, such as holdings exceeding risk/concentration thresholds or holdings that fall within excluded sectors on ESG grounds, and report findings to the Head of Public Markets or as appropriate
• From time to time, Nest will conduct fund manager procurement exercises; the PMA will coordinate the formal phases of this process from the beginning to the end. This can include planning timelines, creating tender documentation, organising due diligence exercises and structuring the onboarding and legal review process.
• Over time as the PMA becomes more experienced, the role will evolve with the PMA taking a more active part in procurement exercises.
• Presenting regularly at the Manager Monitoring Committee.The PMA will report directly to the Heads of Public Markets, but will work closely with the Responsible Investment team, the Asset Allocation team, the Risk Management team, the Investment Strategy team and the Fund Administration team. The PMA will also work with the Director of Public and Private Markets and CIO in their roles of ultimate oversight and responsibility for Nest’s portfolio.

Directorate/Department OverviewThe Nest Invest team is responsible for investing members’ contributions in order to grow their retirement pots over the long-term.The responsibilities of the team include:

• Asset allocation
• Portfolio risk management
• Investment Strategy
• Manager selection and monitoring
• Responsible investment
• Investment communications
• Fund administration
• Investment technology and financial modelling
• Contributing to the development of the investment proposition

From December 2019, all the Nest Investment team and the Investment Operations team were seconded into Nest Invest Ltd (Nest Invest), the investment subsidiary of Nest Corporation. Nest Invest is authorised and regulated by the Financial Conduct Authority (FCA). Organisational OverviewOrganisational OverviewFrom a standing start, Nest has delivered a high quality, low cost pension scheme, open to all, which has not only delivered on its mission, but helped to drive up standards and best practice across the industry. Now with over 14 million members, Nest is playing a critical role in helping people save for their retirement many of them low to moderate earners who may be saving for the first time and moving jobs frequently.Nest now occupies a place in the market as a major Master Trust, a sector that has grown following the introduction of automatic enrolment and that we believe has great potential for delivering pensions to mass market consumers for many years to come, leveraging scale to offer low cost, modernised services in the context of strong Trustee governance.Nest has a reputation as a progressive and innovative, high quality and responsible investor. With over £50bn of assets under management and with assets increasing by over £5bn per year, there is a need to ensure that the investment approach remains fit for purpose as the assets scale to £100 billion before 2030.We work with some of the best fund managers and other outsourcing partners to deliver the scheme.  Our employees are highly experienced coming from both public sector and private enterprise and combine a wealth of relevant commercial experience with a passion to bring a bold new vision to workplace pensions and in particular find suitable solutions for its  members – many of whom are saving and investing for the first time and will be reliant on their Nest pension to provide a better retirement. To best serve our diverse customer base, it’s important that Nest has an equally diverse workforce and promotes an inclusive culture. This is in line with the organisation’s values and ensures that Nest is a corporation fit for the future.