Assistant Portfolio Manager

IG Group; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Performance-related bonuses

Pension and private medical plans

Life insurance

Job summary

IG Group is seeking an Assistant Portfolio Manager for UK Investment Operations to support the management of IG Smart Portfolios in partnership with BlackRock. You will handle model portfolio oversight, perform risk reporting, and respond to client queries with a focus on accuracy and compliance.

The role involves collaboration with multiple teams and third-party providers, contributing to commentary and client materials while scaling thematic investing initiatives within a growing portfolio

Qualifications

• Strong Excel modelling skills and familiarity with Bloomberg.
• Working knowledge of ETFs, asset allocation and risk metrics such as volatility, tracking error and risk contribution.
• Clear written English with ability to explain investment performance to a retail audience.
• Care and accuracy in operational work with sound judgement on escalation.

Responsibilities

• Support day-to-day management of model portfolios across risk profiles.
• Run portfolio rebalancing operations with accuracy and controls.
• Contribute to ETF selection and due diligence.
• Produce monthly investment commentary and client materials.
• Own monthly reporting cycles and deliver timely analytics to stakeholders.

Skills

Excel modelling

ETF knowledge

Asset allocation

Risk metrics

Clear written English

Attention to detail

Education

CFA candidacy or progress towards it

Tools

Bloomberg

Model portfolio tooling

Job description

# Assistant Portfolio Manager, UK Investment Operations**About IG***IG is a FTSE 100 fintech operating across five continents, serving over 1.3m customers and handling billions of dollars in transactions – built on scale, trust, and proof. We didn't pivot to innovation; it's how we've always operated. What that means for the people who work here is real: genuinely complex problems to solve, the technology and resources to tackle them properly, and the kind of scope that's rare in established businesses. The bar is high – bring a curious and forward-thinking mindset and we'll give you the platform to define what comes next. Join us at IG – the future gets built here.*## Join the game-changersOur UK Investment Operations team is responsible for running, controlling and improving the investment services IG offers. As an Assistant Portfolio Manager, you will help run IG Smart Portfolios, our managed portfolio service for UK investors, delivered in partnership with BlackRock. We are also growing the range beyond our current risk profiles into thematic investing, and you will be involved in building that out.This is a hands-on investment operations role. You will support the day-to-day management of our model portfolios across our range of risk profiles, own the monthly risk, attribution and performance reporting cycle, and act as the investment point of contact for client queries escalated from our client-facing teams. You will also write the monthly investment commentary and produce material that goes directly to our clients.The role is broad. You will work closely with teams across IG, including client experience, asset servicing, technology, product, marketing and compliance, as well as with third-party providers.## What you'll be doing### Portfolio management and operations* Supporting day-to-day management of the model portfolios across risk profiles, ensuring each stays aligned to its mandate, target risk band and strategic asset allocation* Running portfolio rebalancing operations to a high standard of accuracy and control* Contributing to ETF selection and ongoing due diligence### Client experience and operational support* Acting as the investment subject matter expert for our client experience teams, supporting queries across Smart Portfolios, share dealing and incentives* Working with asset servicing and technology teams so that system changes are specified, built and tested correctly, with no regressions to portfolio or trading workflows### Risk, attribution and performance reporting* Maintaining and developing our portfolio risk and volatility models, including the covariance matrix, ex ante volatility and risk decomposition across asset classes and risk profiles* Producing performance attribution, breaking down returns by asset class, building block and allocation decision* Owning the monthly reporting cycle and delivering accurate, timely analytics to internal stakeholders and governance forums* Improving our reporting frameworks and analytical tooling to make them more accurate and more efficient### Investment commentary and client material* Writing the monthly investment commentary on markets, portfolio positioning and performance* Producing client investment material, including educational content, market reviews and communications* Updating performance charts for marketing material each month* Making sure all commentary and client-facing material passes compliance sign-off before release## What you'll need**Essential:*** Strong Excel modelling skills, and familiarity with Bloomberg* Working knowledge of ETFs, asset allocation, and risk metrics such as volatility, tracking error and risk contribution* Clear written English, with the ability to explain investment performance to a retail audience* Care and accuracy in operational work, with sound judgement about when to escalate**Nice to have:*** CFA candidacy or progress towards it* Experience in an investment operations, portfolio management or investment analysis role* Experience of performance attribution or risk reporting in a multi-asset or model portfolio setting* Experience of working with compliance on client-facing material## Who you areYou are upbeat and enthusiastic, with an open mind and a curious, can-do attitude. You understand the importance of collaboration and are driven to be the best at what you do. You embody our three core values, to champion the client, learn fast together and raise the bar.This role sits in a fast-moving business and it will stretch you. We are looking for a self-starter who enjoys improving operations and processes, has a genuine passion for financial markets and investing, and wants to challenge the status quo rather than inherit it.You want to be part of a proudly carbon-neutral company that will prioritise your wellbeing and that of the world around you, helping to create a brighter future for all. A company that embraces diversity and welcomes everyone with respect, regardless of race, age, sexual orientation, gender, identification, faith or culture.## How you'll growYour personal and professional development matter to us. You will be actively involved in every part of the investment process and will build real depth in portfolio operations, risk analytics and investment writing. You will develop your data analysis skills through client trend analysis, and produce market updates and commentary for IG clients and for the media.## What you'll get* Performance-related bonuses* Pension, insurance and medical plans* Career-focused technical and leadership training, in class and online, including unlimited access to LinkedIn Learning* Matched giving for your fundraising activity* Contribution to gym memberships and more* A day off on your birthday* Two days' volunteering leave per year* Regular social events and special-interest groups## From the team\"Investment Operations is a fantastic place to build real investment expertise, because you sit at the centre of how the portfolios actually run and you work closely with many different teams across the world. It is exciting to be directly involved in growing our investment services and improving the way they are delivered to clients.\"## How We WorkWe think like a start-up, but we deliver like a FTSE 100 — so the bar is high, and we won't pretend otherwise. We work hybrid, which means three days in the office.* **Own the ambiguity:** You'll work through it without a playbook, and get real ownership over how you solve it — excellence isn't optional here, it's the standard you hold yourself to.* **Question everything:** Curiosity is our currency — question what exists, and you'll have the platform to define what comes next.* **Deliver at pace:** The pace is real, but so is the momentum: deliver at speed, unpick hard problems, and help define the future of fintech.* **Raise the bar:** Take your craft seriously, and you'll be surrounded by people who take theirs just as seriously — that's the legacy you're building on, and adding to.We believe that diversity is vital to success, it fuels creativity, drives innovation and sets us up for global success. We're committed to building teams with a variety of perspectives and skills to help us realise our vision and strategy, that's why we encourage applications from people with diverse backgrounds and experiences to join us on this journey.## The PerksYour growth fuels our success! Thrive with tailored development programs, mentoring opportunities with leaders, and clear career progression. Expand your network through committees, sports and social clubs. Enjoy extra time off for volunteering and community work.* Competitive salary* Flexible Benefits Package on top of your salary (12%)* Private medical cover* Life insurance* Contribution to gym memberships* 25 Days holiday, with 1 additional day off to celebrate your Birthday & 2 additional days off a year for voluntary work (28 in total)* The option to buy or sell holiday days* Unlimited access to the LinkedIn Learning Platform* A comprehensive global and local onboarding process* Employee-led LGBTQ+, Women's, Black and Parents & Carers networks with an annual budget for organising events & projects that foster an open, diverse and inclusive culture* Enhanced primary (maternity), secondary (paternity), and shared parental pay and leave, as well as a range of support and benefits for parents* Option to participate and create ESG initiatives based on IG Brighter Future Fund