At a Glance
- Tasks: Lead and shape the Fixed Income strategy for impactful investment outcomes.
- Company: Join LGPS Central, a leading asset manager for local authority pension funds.
- Benefits: Enjoy a competitive salary, generous pension scheme, and 30 days paid holiday.
- Other info: Hybrid working environment with excellent career development opportunities.
- Why this job: Make a real difference in responsible investment while developing a high-performing team.
- Qualifications: Significant experience in Fixed Income markets and strong leadership skills required.
The predicted salary is between 80000 - 100000 £ per year.
Join LGPS Central at a pivotal moment—where investment meets long‑term impact. We are recruiting a Head of Fixed Income to set the strategic direction for Fixed Income, 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.
Responsibilities
- Lead the Fixed Income offering and ensure that it is fit for purpose.
- Periodically review the range of fixed‑income assets offered and produce business cases for change where appropriate.
- Drive forward the performance of the Fixed Income offering.
- Periodically review the insourcing/outsourcing of fixed‑income 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.
- Manage and improve 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.
- 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, devise and deliver a transparent and repeatable investment process that follows the LGPS Central Limited policies.
- Work 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.
- Embark on an appropriate first line of defence control framework within the Investment Team.
- Oversee and manage 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 offline), legal review and negotiation, execution, and post‑execution active monitoring and management of ACS and Segregated Fund Investments.
- Work with the Finance and Operations teams to ensure capital and expense calls, distributions, and investment/fund related expenses are efficiently processed.
- Review and analyse ESG risks for any ACS and Segregated Fixed Income Market Funds.
- Actively monitor, manage, and advise on the Fixed Income market portfolios of Partner Funds, advising on consolidations, secondary sales, and attending external manager meetings, annual investor meetings, and ad‑hoc calls/meetings with external managers.
- Represent 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, negotiating requirements with investors, specifying mandates, developing business cases, and overseeing 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 manages over £45bn of assets on behalf of its partner funds and is jointly owned on an equal‑share basis by those funds. It is one of eight LGPS asset pools in the UK. Our partner funds include: Cheshire Pension Fund, Derbyshire Pension Fund, Leicestershire Pension Fund, Nottinghamshire Pension Fund, Shropshire Pension Fund, Staffordshire Pension Fund, West Midlands Pension Fund, Worcestershire Pension Fund.
The Company is committed to responsible investment and has integrated it into the core investment process across all asset classes. We offer a hybrid working environment, a range of employee benefits, and a supportive culture across a friendly and diverse workplace.
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.
- Demonstrated 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 leadership of the broader team.
- Ability to reflect on feedback, support continuous improvement and thought leadership.
- Ability and confidence to draw out and effectively manage conflict or 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 a relevant discipline.
- Must meet all the requirements of an FCA approved person.
Benefits
- Competitive salary
- Enhanced and generous Pension Scheme
- 30 days’ paid holiday plus bank holidays
- 2 days paid volunteering days
- Additional paid Company Day in addition to paid holidays
- Excellent Learning & Development Opportunities
- Welfare and Family‑friendly policies
- Enhanced pay for new parents
- Access to an Employee Assistance Programme and 24/7 Health & Wellbeing Support
- Vitality Private Medical Insurance
- Hybrid Working
- Company Service Awards
- Cycle to Work Scheme
- Company Electric Vehicle Scheme
Head of Fixed Income employer: Occupop
At LGPS Central, we pride ourselves on being an exceptional employer that champions responsible investment and fosters a collaborative work culture. Our commitment to employee growth is evident through our extensive learning and development opportunities, alongside a supportive environment that values diversity and well-being. With a competitive salary, generous benefits, and a hybrid working model, we offer a fulfilling career path for those looking to make a meaningful impact in the Fixed Income sector.
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 meet-ups. 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 will not only demonstrate your knowledge but also position you as a thought leader in the field.
✨Tip Number 3
Prepare for interviews by researching LGPS Central and their investment strategies. Tailor your responses to reflect their goals, especially around responsible investment and portfolio management. This shows you’re genuinely interested and ready to contribute.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it gives you a chance to showcase your enthusiasm for joining LGPS Central and being part of their mission.
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 portfolio management, and don’t forget to showcase your leadership skills. We want to see how you can contribute to our mission!
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 your values align with our commitment to responsible investment. Let us know what makes you the perfect fit for LGPS Central.
Showcase Your Achievements:When detailing your experience, focus on specific achievements that demonstrate your ability to lead high-performing teams and drive investment performance. Numbers speak volumes, so include metrics where possible to back up your claims!
Apply Through Our Website:We encourage you to apply through our website for a smooth application process. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity at LGPS Central!
How to prepare for a job interview at Occupop
✨Know Your Fixed Income Inside Out
Make sure you brush up on your knowledge of fixed income markets. Understand the current 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 Head of Fixed Income, you'll need to demonstrate your ability to lead and develop high-performing teams. Prepare examples of how you've successfully managed teams in the past, focusing on collaboration, performance improvement, and fostering a positive investment culture.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think critically about portfolio construction and risk management. Practice articulating your thought process when faced with hypothetical scenarios related to insourcing or outsourcing fixed-income assets, and how you would ensure strong, sustainable outcomes.
✨Emphasise Responsible Investment
LGPS Central is committed to responsible investment, so be prepared to discuss how you would integrate ESG factors into the investment process. Share your insights on how to balance financial returns with social and environmental responsibilities, and provide examples from your previous roles.
