Associate Portfolio Manager

Rathbones; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

Rathbones is seeking a Senior Investment Director (Discretionary) to join a dedicated Portfolio Management team in a hybrid setup. You will assist in constructing and monitoring investment portfolios for individuals, institutions and funds, with close supervision to ensure strong client outcomes and investment performance.

You will develop investment strategies, stay aware of markets, and support client relations while contributing to Rathbones’ growth initiatives and investment philosophy.

Qualifications

• CISI Level 4 Diploma or equivalent qualification.
• Experience in financial services, portfolio, investments or client-facing roles.
• Exposure to portfolio management processes and client reporting.
• Familiarity with business development and stakeholder management.
• Strong communication and interpersonal skills.
• Understanding Rathbones proposition and investment process.

Responsibilities

• Define and implement investment strategies based on client risk tolerances and goals.
• Ensure portfolios align with client objectives and market conditions under supervision.
• Recommend asset selection and asset allocation within Rathbones strategy.
• Monitor performance data and adjust portfolios as needed.
• Support client meetings and relationships with investment managers.

Skills

CISI Level 4 Diploma

Client engagement

Portfolio management knowledge

Analytical skills

Regulatory compliance

Education

CISI Level 4 Diploma

Job description

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).
• Be able to identify, assess and manage or escalation 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.
• 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.
• 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.