Investment Risk Manager: People's Partnership

About People’s Partnership:

At the heart of our not-for-profit organisation is a commitment and a motivation to make the future-saving experience a simple one for our members. We champion fairness and simplicity, not profit-chasing. Imagine a financial adventure where everyone's a winner, fuelled by our exceptional service and brought to life by the fantastic individuals who work for us. We're a diverse employer with a flexible, hybrid working approach, ensuring everyone gets the opportunity to come to work and be the best version of themselves.

What you'll be doing:

The Risk Manager reports into the CIO alongside other ‘Heads of’ for the Investment Department. The Risk Manager will provide first line risk oversight of an FCA regulated subsidiary, People’s Investment Limited. People’s Investment Limited provides advice to the Trustee Board of the People’s Pension, a £28bn UK DC Master Trust as well as providing oversight of other outsource providers such as custodian and asset managers. The Risk Manager would be an integral senior hire in the envisaged structure of the 20-strong investment team, providing input across a range of advice pieces across all funds and asset classes.

• Establish and maintain an investment risk framework and governance structure, that integrates with the Groupwide risk framework.
• Act as “first line” risk defence for a regulated entity, People’s Investment Limited.
• Agree fund risk frames with the CIO and CRO and monitor these using independent views on underlying holdings data supported by appropriate systems.
• Ongoing monitoring and analysis of risk within the portfolios at different levels (e.g. region, sector currency, factors, rates, spread etc.) and their implications.
• Development and integration of data and systems alongside other teams (equity team, fixed income team, asset allocation) in order to support independent risk view.
• Review / challenge investment proposals made by the Investment team.
• Provide risk signoff into the Investment Exec on all investment proposals.

What we’re looking for:

• 5-10 years’ experience within an asset manager / HF environment.
• CFA, IMC, or equivalent qualification.
• Experience of performance and risk attribution on single and cross asset class portfolios (incl. alts and illiquids / unquoteds).
• Quantitative/ modelling capability.
• Knowledge of portfolio construction.
• Familiarity with different risk systems (Barra, Riskmetrics, Factset Axioma).
• Understanding of fund / asset valuation principles and methodologies.
• Understanding of the different methodologies of performance attribution for each asset class.

What you can expect from us:

• Generous pension contributions with an employer contribution of up to 14%.
• Real living wage.
• Income protection, critical illness cover & death in service insurance.
• Employee healthcare.
• Parental and adoption leave.
• Learning & development opportunities and study support.
• Travel season ticket loans.
• Subsidised restaurant in our Crawley office.
• Volunteering days and charity payroll giving.
• Onsite gym.
• Ride-to-Work scheme.
• Social clubs and events.

Disability Statement:

People's Partnership is an equal opportunities employer. We believe everyone has the right to be treated fairly, with dignity and respect. We are committed to treating all our people (and all who apply for a role at People's Partnership) equally and enabling them to perform at their best and demonstrate what they have to offer. We are a disability committed employer, please let us know if you need any reasonable adjustments made to our recruitment process (application, selection assessments where relevant, and interview) to enable you to show us the best “you”.

Perks:

Our people are our strength so finding ways to value and reward them is important to us. That’s why we offer an award-winning pension – it’s what we’re good at – plus health care cover, an onsite gym, access to a personal trainer; even the odd massage. And if they’re feeling peckish after all that activity, they can always refuel in our subsidised restaurant. Discover more of People's Partnership's employee benefits including our training programme, which is designed to give our people the support they need to develop a fulfilling career.