Associate Portfolio Manager

Rathbones Group; Greater London; Hybrid; GBP 75,000 - 95,000; Full time

Benefits offered by this job

9% pension (non-contributory) or 10%

Private medical insurance

Life assurance - 8x salary

Income protection - 75% salary

Company share scheme

Discretionary bonus

Flexible holidays

Green Car Scheme

Study support

Travel loan

Volunteering days

Gym discounts

Job summary

Rathbones Group Plc in London seeks an Associate Portfolio Manager to support portfolio construction, monitoring, and client outcomes within a dedicated PM team.

You will assist in translating client goals into asset allocations, perform research under supervision, and contribute to risk-aware investment decisions in a hybrid work environment.

Qualifications

• Level 4 CISI Investment Advice Diploma with Securities and Financial Planning and Advice modules
• Experience in financial services, portfolio, investments or client-facing roles
• Exposure to portfolio management, suitability reviews, and client reporting
• Understanding and articulation of Rathbones proposition, portfolio and investment process
• Awareness of regulatory environment and compliance standards

Responsibilities

• Investment Strategy, Portfolio Construction and Technical Expertise: support definition and implementation of investment strategies based on client goals and risk tolerance
• Under supervision, ensure portfolios align with objectives and market conditions
• Assist in asset selection and allocation to build client portfolios
• Support front office processes and investment risk procedures
• Engage with clients in partnership with PM teams and IMs when appropriate

Job description

At Rathbones, our purpose is to help more people invest their money well, so they can live well.

We are one of the UK's leading providers of wealth management, investment management, financial planning and asset management services. We work with individuals and families, charities, trustees, financial advisers and other professional partners to help them make confident decisions about money and investments.

Our advisers take the time to understand each client's goals, values and circumstances. Together, we create a personalised approach designed to manage, preserve and grow their wealth over the long term.

Our services include discretionary investment management, financial planning, fund and asset management, tax planning, trust and company management, and specialist responsible investment services through Rathbone Greenbank Investments. We also work with financial advisers to help them deliver positive outcomes for their clients.

With roots dating back to 1742, Rathbones has been trusted for generations. Today, we manage £120.7 billion of client assets*, supported by more than 700 investment professionals across 21 offices in the UK and Channel Islands.

Rathbones Group Plc is a FTSE 250-listed company.

*Figures as at 30 June 2026.

Role Title: Associate Portfolio Manager

Location: London

Contract: Permanent

Hiring Manager: Senior Investment Director (Discretionary)

Working pattern: Hybrid

About the Role

Working as part of a dedicated Portfolio Management team, steadily building on core knowledge to actively support construction, management and monitoring of investment portfolios for a wide and varied client base (individuals, institutions and funds) to achieve financial goals whilst balancing risk and return. Role will have close supervision and management oversight to ensure good client outcomes through strong investment performance. Associate Portfolio Manager marks progression from the Wealth Trainee role, with some responsibility, under close supervision, to help with the management of a smaller, less complex book of clients.

What you\'ll be responsible for

Investment Strategy, Portfolio Construction and Technical Expertise:

• Start to use systems, tools and knowledge to support the process to define and implement investment strategies based on clients\' risk tolerance, financial goals and investment horizons.
• Under supervision, ensure investment portfolios aligned with client objectives and market conditions.
• Within Rathbones portfolio management strategy, be able to recommend specific asset selection and determine the optimal asset allocation to build the portfolio.
• Thorough understanding of Rathbones investment process, when instructed, be able to conduct additional research and analysis to support client requirements and outcomes.
• Build good understanding of Rathbones proposition, commercial awareness of the wider market and clear knowledge of the regulatory framework.
• Build a working knowledge of the Front Office Process Guides and Operating Model Summary and Investment Risk procedures.

Market and Performance Monitoring:

• Be aware of financial markets, economic trends and geopolitical events to ensure informed investment recommendations can be made.
• Support and assist the tracking of the performance of aligned portfolios and start to recommend adjustments as needed (such as rebalancing to maintain the desired asset allocation).

Risk Management:

• Be able to identify, assess and manage or escalate risks associated with investments.
• Possess a basic working knowledge of the Front Office Process Guides and Operating Model Summary and Investment Risk procedures.
• Understand how to use performance and health check data to assess portfolio risks and take action/escalate to manage accordingly.

Client Engagement:

• Work in partnership within PM teams and, where appropriate, engaging with IMs in support of client meetings and client relations.

Business Performance & Growth:

• Contribution towards strong, consistent, risk-adjusted investment performance, aligned to the central Rathbones investment philosophy. .
• Demonstrate commercial awareness and contribute to the firm\'s growth initiatives.

Team Contribution & Leadership:

• Buddy and support other junior team members, sharing expertise and fostering development.
• Actively participate in internal forums /committees and business projects as required.
• Promote a collaborative culture and uphold the firm's values and standards.

About you

• Level 4 CISI Investment Advice Diploma ( both Securities and Financial Planning and Advice modules )
• Experience in financial services, portfolio, investments or client-facing roles.
• Exposure to portfolio management, suitability reviews, and client reporting.
• Familiarity with business development activities and relationship/stakeholder management.
• Strong communication and interpersonal skills.
• Understanding and articulation of Rathbones proposition, portfolio and investment process and Research capabilities
• Awareness of quantitative methods, financial math, statistics and economics.
• Early research and analytical skills.
• Understand portfolio construction and valuation and pricing techniques.
• Grounding in relevant IT systems.
• Awareness of regulatory environment and compliance standards.
• Client-centric and commercially aware.
• Proactive, collaborative, and accountable.
• Demonstrates integrity, attention to detail, and professionalism.
• Seeks feedback and strives for continuous improvement.

Our offer to you

We want everyone at Rathbones to fulfil their potential, in an environment where you are proud to work and feel like you belong.

We offer a comprehensive remuneration package, which we review regularly, and benefits include:

• A company pension - 9% non-contributory or 10% if you contribute 5%
• Private medical insurance - Individual on joining, family after 1 year's service
• Life assurance - 8 x salary
• Income protection - 75 % salary
• Company share scheme
• Discretionary bonus
• Flexible holidays - purchase up to 5 additional days
• Green Car Scheme
• Family friendly policies - enhanced family leave for parents & carers
• Study support - study days and funding for courses and qualifications
• Season travel ticket loans
• Volunteering days
• Gym discounts
• Other voluntary benefits you can choose to suit you

Our employees can choose to take part in various social groups and communities to support their wellbeing, growth, development and sense of community. These include:

• Sports & Social Committees, such as cricket, football, netball, running, yoga, quiz nights, charity bake sales and much more.
• Inclusion Networks that help us drive change within the organisation such as Gender Balance, Multicultural, Abilities Count, Pride, Social Mobility, Generations, Menopause Matters@Rathbones' and Armed Forces.
• The NextGen IM Network, which brings together a community of trainees from across the UK, who are all at the early stages of their careers and offers development opportunities, exposure across the business as well as peer support and connection.

Life at Rathbones

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values.

We\'re a Disability Confident Employer (level 2) under the UK Government scheme. This means we\'ve signed up to a set of commitments around how we recruit, retain and develop people with disabilities. Find out more about the Government Scheme online, click here. If you require adjustments to apply for a role at Rathbones, please contact us via [e-mail] to let us know what adjustments you may need.

Mission

We believe in playing the long game. That means building consistent results, earning trust and doing the right thing - for our clients, our colleagues and the communities we're part of.

Our values shape how we work:

- We aim high
- We get it done
- We show we care
- We do the right thing

These aren\'t just words on a wall. They guide how we treat each other, how we make decisions and how we build relationships that last.

We will close this advert once we have received enough applications for the next stage. Please submit your application as soon as possible to ensure you don\'t miss out.