Junior Fund Manager recruitment

Job Description: Junior Fund Manager - Insurance Funds

Location: St Mary Axe London EC3A 8JQ

Job purpose statement/ key tasks/activities:.

“To assist the Senior Fund Manager, focussing on key institutional clients. To assist in the management of a range of portfolios including General Insurance, Annuity, Pension and Life Fund clients. The position will be to help manage mandates in excess of £10bn of credit assets together with a wider responsibility for coordinating investments across other asset classes held by insurance funds. Investing on both a discretionary and advisory basis, this will involve implementing strategies within defined risk parameters.”
Focussed within the existing Investment process, tasks will include the day to day analysis of portfolios, risk budgeting and construction of optimised funds within specific guidelines and risk constraints. We would expect the individual to provide portfolio analysis, contribute to debate within the team and challenge investment ideas. Responsibility is primarily for Institutional funds but also includes cover for other funds. The role will encompass both as the Investment Grade credit assets but also Sovereign assets and a key requirement will be to provide a link between asset classes held within insurance funds.
Close client relationships including providing advice, formal presentations and reporting are essential elements, as is representing the investment grade desk internally.

Working Relationships
External:
High profile client relationships with key institutional clients.  Market relationships with brokers and other market contacts.

Internal:
Team based approach within the Fixed Income Team and investment floor generally. Working within the Investment Grade team but encompassing other desks, primarily the macro team, liaising with analysts and fund managers to implement investment strategy. Strong relationships with Client Relationship Department, Mandate Monitoring and Risk Departments.

Key Capabilities

Essential:
Relative value management approach to fixed income portfolios with specific focus on credit and government bonds. Rigorous and detailed analysis of portfolio positions. Using the current investment process to ensure the optimal application of views to portfolios. Market familiarity including experience of dealing in both primary and secondary markets, primarily in £. Strong client relationship experience. Strong communication skills essential for both internal and external meetings and presentations. Attention to detail and familiarity with a range of investment systems (to include ideally, Bloomberg, Thinkfolio, Latent Zero).

Desirable:
Experience of constructing funds within risk and guideline constrained portfolios.
Experience of Insurance mandates including Annuity, Life, Pension and General.
Liability Driven Investment experience an advantage.
Investment analytical skills including analysis of companies and markets that could widen the reach of the investment grade team’s knowledge pool.
System and process development experience would be an advantage.
Experience of performance and attribution of fixed income portfolios an advantage.
Experience of global markets and overseas based insurance clients desirable but not essential.

Qualifications: IMC and FSA registration essential, professional exams desirable