Fixed Income Portfolio Manager

LGPS Central – Wolverhampton, Borough of Wolverhampton

Portfolio Manager - Fixed Income

Salary: Competitive + Benefits

Location: Based in the Midlands - Hybrid Working

We are currently looking for a highly skilled and experienced Fixed Income Portfolio Manager to join the Fixed Income Investments team where you will play a critical role in shaping and executing our investment strategies in the Fixed Income space. Based in Wolverhampton, the successful candidate will report to the Investment Director – Fixed Income. You will work closely with the Investments team to research, build and manage a range of professional, high performing fixed income funds.

You will contribute to a rigorous culture of high performing, collaborative, research-based and responsible investing across the Investment team.

If you are a highly motivated and results-driven professional with a passion for Fixed Income strategies, we invite you to apply for this exciting opportunity.

Key Responsibilities:

1. Management of designated sub-funds/investment mandates ensuring that portfolios adhere to all regulatory, investment and risk parameters. Document and ensure that you meet the investment targets of the Partner Funds in respect of those sub-funds and mandates.
2. Analyse the market and provide input into the positioning and trading of an active gilt portfolio.
3. Support the Investment Director in the development of future Fixed Income funds launched by LGPS Central Limited.
4. Develop strong relationships with external managers and index providers and use expertise to undertake in-depth research to assess and compare Fixed Income products and market trends.
5. Review and attribute fund performance and produce monthly and quarterly reports within agreed timescales.
6. Run your sub-funds/investment mandates in a manner which will deliver value for money for Partner Funds whilst identifying opportunities to improve the risk-adjusted returns after charges in your portfolios.
7. Ensure that your portfolios are managed within the parameters set in the Prospectus and the IMA, and in accordance with the Company’s policies and in accordance with the Company’s Risk and Compliance Framework.

About Us:

LGPS Central Limited is an FCA regulated asset manager and manages the pooled assets of eight midlands-based Local Government Pension Scheme funds. LGPS Central’s Partner Funds are:

• 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

LGPS Central is owned equally by all eight of its Partner Funds and is dedicated to the management of local government pension assets. LGPS Central manages assets across public and private markets both internally and through externally appointed investment managers. 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.

Requirements:

Skills/Knowledge/Experience/Competence:

1. Experience in trading in Fixed Income products and managing Fixed Income portfolios.
2. Detailed knowledge of all Fixed Income asset classes including Government Bonds, Corporate Bonds, High Yield, Co-Cos, Loans and EMD.
3. Experience of contributing to and following policies on the selection of investments, documenting the rationale for making investments, portfolio construction, and monitoring and reporting.
4. Good communication and experience of collaborative investment decision making in an FCA regulated environment.
5. Strong technical and analytical skills with experience in an investment role in asset management or investment banking.
6. Can evaluate performance and risk of investment portfolios objectively.
7. Has or can meet all the requirements of being an FCA, CF30 approved person.
8. High degree of professional ethics, integrity and gravitas.
9. Team player with excellent judgement and analytical skills.
10. Demonstrates first class interpersonal, people management and communication skills.
11. Excellent attention to detail and accuracy under time constraints.
12. Knowledge of Bloomberg or other financial data systems.
13. Advanced Excel, PowerPoint, Word.

Qualifications:

1. Bachelor’s degree in a related field.
2. CFA designation is highly desirable.
3. IMC qualification is highly desirable.
4. Comprehensive experience in Fixed Income portfolio management is required.

What do we offer?

We are a diverse and forward-looking employer and are members of the Employers Network for Equality and Inclusion. Below is a selection of benefits we offer our employees:

• 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 & Development Opportunities
• Welfare and Family-friendly policies
• Enhanced pay for new parents
• Access to our Employee Assistance Programme - 24-7 Health & Wellbeing Support
• Medical Health Cash Plan
• Hybrid Working
• Company Service Awards
• Cycle to Work Scheme
• Company Electric Vehicle Scheme
• Brand New Office Space
• Nominees of the Family Friendly Employer of the Year 2022 - Personnel Today Awards 2022
• Winner of the Cultural Awareness Initiative of the Year - FT Advisors Diversity in Finance Awards 2023
• Winner of Diversity and Inclusion Award - LAPF In Investments Award 2023

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