Investment Analyst, Active Equity

Employer
LGPS Central Limited
Location
Wolverhampton, United Kingdom
Salary
Competitive
Posted
Nov 20, 2020
Closes
Dec 20, 2020
Ref
8753469
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
With combined assets of approximately £40bn, and representing the retirement savings of over 900,000 scheme members across over 2000 employers, LGPS Central Limited'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, West Midlands Integrated Transport Authority Pension Fund, and Worcestershire Pension Fund.

LGPS Central Ltd is owned equally by eight of its nine Partner Funds and is dedicated to the management of local government pension assets. The aim of the Company is to use the combined buying power of its Partner Funds to reduce costs, improve investment returns and widen the range of available asset classes for investment in line with the needs of local government pensioners, employees and employers. We are also committed to fully integrating Responsible Investment and Engagement into all our investment processes.

The management of Local Government Pension Scheme funds is going through significant change, providing career-changing opportunities for those who have the relevant investment experience and who want to work within a Company which values integrity, trust, transparency, diversity, fairness and partnership. LGPS Central Limited aims to be a centre of excellence and we seek candidates who share our values to help us achieve that goal.

We are a diverse and inclusive employer and would welcome interest from all sections of the community.

Investment Analyst Role

This role is for an Investment Analyst, a key part of the Investment Team within the Active Equity Group. Based in the Midlands (ideally in Wolverhampton or alternatively in our Matlock office), the successful candidate will report to the Portfolio Managers within the Active Equity team.

You will work with our team the Active Equity Investment department to build a professional, high performing investment function centring on the needs of our Partner Fund clients. The role is supporting the Portfolio Managers in implementing the investment philosophy and process, including the ESG/responsible investment focus, whilst upholding the risk and compliance policies set by the investment committee. Specific responsibilities of the role include assisting in the analysis and oversight of multi-manager portfolios and direct equity products, research and monitoring of underlying holdings, and liaising with all internal and external stakeholders. We are looking for an individual who is fascinated by equity investment, with strong communication and analytical skills who is excited to help extend our product suite. In exchange we will provide you with training and support to help you develop your skills and knowledge as we continue to grow as a fund management business.

If you are interested in the role, please forward your CV and cover letter highlighting your key strengths and experience in relation to the job profile with reference number AEIA to recruitment@lgpscentral.co.uk. Closing date for the job is 20 November 2020. A detailed description of the opportunity can be found below.

Role

LGPS Central is looking for an individual who is fascinated by equity investment, with strong communication and analytical skills, who is excited to help extend our product suite to join our Active Equity Investment Team as an Investment Analyst. Based in the Midlands (Wolverhampton or Matlock), the successful candidate will report to the Portfolio Managers in the Active Equity department.

You will work with our team the Active Equity Investment department to build a professional, high performing investment function centring on the needs of our Partner fund clients. The role is supporting the Portfolio Managers in implementing the investment philosophy and process, including the ESG/responsible investment focus whilst upholding the risk and compliance policies set by the investment committee. Specific responsibilities of the role include assisting in the analysis and oversight of multi-manager portfolios and direct equity products, research and monitoring of underlying holdings, as well as liaising with external and internal stakeholders. This is a Certified role under the Senior Manager Certification Regime (SMCR) and will require you to comply with the regulatory requirements set out by the FCA.

Financial
  • Assisting in managing £500m to £2.5bn across various products

Non-Financial
  • Health and Safety
  • Perfromance management and reporting

Delegated Authority Levels:
  • Investment Analyst
  • Investment Trainee
  • Other as applicable to role

Reports to:
  • Portfolio Manager
  • Senior Portfolio Manager
  • Investment Director
  • DCIO / CIO

Relationships:
  • Delegated external investment managers
  • Executive Directors/ Board/NEDS/Heads/managers/ staff
  • Stakeholders and Clients
  • Third Party System providers

Need to do
  • Monitoring of equity sub-funds / investment mandates.
  • Document and ensure that you meet the investment targets of the Partner Funds in respect of those sub-funds and mandates.
  • Under the supervision of the Portfolio Manager integrate, document and maintain the Investment Committee's investment policies applicable to the asset classes / portfolios for which you are responsible, in addition to observing the house policy on Responsible Investment and Engagement.
  • Always manage risk and compliance in accordance with the Company's Risk and Compliance Framework.
  • Run 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.
  • Provide documented assurance to the Portfolio Manager that your recommendations are managed within the parameters set in the Prospectus and the IMA, and in accordance with the Company's policies.
  • Contribute to a rigorous culture of high performing, collaborative, research based and responsible investing across the Investment Team.
  • Be an ambassador for LGPS Central within the investment community, Partner Funds, and with regulators and key stakeholders.
  • Take ownership of tasks the Portfolio Manager asks you to manage, for example trading analysis, meeting companies, manager selection, transitions, investor relations and strategy development.
  • Under the direction of the Portfolio Manager deliver a transparent, auditable and repeatable investment process.

Need to know

Skills/Knowledge/Experience/Competence:
  • Document adherence to investment process providing proof.
  • Experience of collaborative investment decision making.
  • Demonstrates skill in selecting investments, documenting the rationale for making investments, portfolio construction, and monitoring.
  • Can evaluate performance and risk of investment portfolios objectively.

Qualifications
  • Degree level or equivalent
  • IMC holder
  • CFA charter (or equivalent) -Working towards or willingness to study.
  • This is an SMCR approved role

Values and Behaviours

Values:
  • We are a great place to work
  • We are Client Focus ed
  • We are Inclusive
  • We are Ambitious

Behaviours:
  • Open, fair and transparent, acting with integrity.
  • Doing the right thing.
  • Honest and trustworthy
  • Empowered in making right decisions
  • Collegiate and Collaborative.
  • Valuing and treating everyone equally.
  • Listening to individual ideas to support growth.
  • Constructively challenging the status quo. Accountability for results and delivery
  • Friendly, honest and supportive.

LGPS Central Limited provides an exciting, supportive and family-friendly working environment, and we are committed to helping our people achieve their full potential and a healthy work-life balance. We are an inclusive employer and offer equal opportunities to all regardless of an individual's age, disability, gender identity, marriage or civil partnership, status, pregnancy or maternity, race, religion or belief, sex and sexual orientation. Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.

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