Assistant Portfolio Manager

The world of investment is changing. Our vision at Legal & General Investment Management is to create a better, more sustainable future through responsible investing. We work in partnership with our clients around the globe to deliver positive long-term outcomes, while rising to the challenges of a rapidly changing world. Our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. To meet our clients’ complex and evolving investment needs, our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds. We’re focused on continuously innovating our investment products, maintaining our reputation as experts across all asset classes, and striving to build a more responsible and sustainable future

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

You’ll be an important part of our mission to deliver exceptional client outcomes and experiences and thereby contribute to the growth of the team’s assets under management.

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

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• Work 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.
• Actively contribute to the optimisation of client portfolios with the aim of delivering outstanding performance and client satisfaction.
• Work 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.
• Monitor and analyse portfolio performance, rating activity, and collaborate with credit analysts and other teams to recommend and implement necessary trades.
• Manage liquidity and collateral requirements, ensuring portfolios remain within defined risk parameters.
• Assist in the preparation and review of marketing materials and reporting documentation, maintaining high-quality standards and accuracy.
• Collaborate across LGIM teams to ensure robust delivery of client objectives. Contribute to improvements in portfolio management processes, systems, and services.
• Ensure that all actions taken in managing client portfolios align with LGIM procedures and the Treating Customers Fairly policy

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• 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

Legal & General is a leading financial services organisation, 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’re one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.  

If you join us, you’ll be part of a welcoming, inclusive 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. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. 

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