Assistant Portfolio Manager

Legal & General is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Please do not make referrals against this advert as it is an internal posting. If you would like more information about our referrals process and policy, please see here Legal & General Referral Scheme Policy

As an Assistant Portfolio Manager in the Buy and Maintain team at LGIM you will play a key role in the management of a broad range of investment grade credit portfolios. Collaborating with teams across the business, you will assist with all aspects of the client life-cycle, including on-boarding, portfolio design, trade modelling and client servicing to help maintain the highest standards of client experience

In this role, you will collaborate with senior members of the team, supporting the management of bespoke and pooled portfolios in a risk-controlled manner. Your ability to engage with senior portfolio managers and build good working relationships with a range of stakeholders across the business will be key

Alongside contributing to the investment process you will have the opportunity to develop your knowledge of credit markets and related derivative instruments with the opportunity to work on mandates catering to a range of client types including defined benefit and defined contribution pension schemes as well as insurance companies

What you'll be doing:

• Working with senior portfolio managers to assist in the design and management of bespoke and pooled Buy & Maintain mandates, including the implementation of derivative overlays to align with client objectives and constraints while ensuring a risk-controlled approach
• Contributing to the optimisation of client portfolios with the aim of delivering outstanding performance and client satisfaction
• Working closely with the Implementation team, Client teams, and the Global Trading team to facilitate a smooth and efficient onboarding process for new or transitioning clients
• Monitoring and analyse portfolio performance, rating activity, and collaborate with credit analysts and other teams to recommend and implement necessary trades
• Managing liquidity and collateral requirements, ensuring portfolios remain within defined risk parameters
• Assisting in the preparation and review of marketing materials and reporting documentation, maintaining high-quality standards and accuracy
• Collaborating with LGIM teams to ensure robust delivery of client objectives. Contribute to improvements in portfolio management processes, systems, and services
• Ensuring that all actions taken in managing client portfolios align with LGIM procedures and the Treating Customers Fairly policy

Who we're looking for:

• Strong academic/professional qualifications background and/or experience gained in similar positions required.
• Completed or working towards the CFA qualification preferred, demonstrating a commitment to advancing knowledge and ethical standards in investment management
• Experience in fixed income markets including an understanding of related derivatives
• Ability to analyse macroeconomic trends, industry dynamics, and company factors, applying insights effectively
• High level of IT proficiency, with use of Bloomberg, VBA, and working knowledge of Python an advantage
• Clear and concise communication skills, with the ability to articulate thoughts and ideas logically
• Demonstrated ability to engage with others, fostering a collaborative and positive team environment

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer: 

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes  
• Generous pension contribution  
• Life assurance   
• Private medical insurance (permanent employees only) 
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday 
• Competitive family leave 
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice 
• There are the many discounts we offer – both for our own products and at a range of high street stores and online   
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart 

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.