Associate Portfolio Manager

Rathbones Group; Greater London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Rathbones Group in London seeks an Associate Portfolio Manager to support construction, monitoring and management of investment portfolios for a diverse client base. You will work under supervision to develop investment strategies aligned with risk tolerance and goals, with exposure to regulatory processes and Rathbones' investment framework.

The role offers a hybrid working pattern, frequent client interaction, and opportunities to progress from Wealth Trainee to managing a smaller book under

Qualifications

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

Responsibilities

• Define and implement investment strategies based on client risk tolerance and goals.
• Support portfolio construction and asset allocation decisions.
• Monitor performance and adjust portfolios as needed in line with objectives.
• Engage with PM teams and IMs to support client meetings and relationships.
• Contribute to growth initiatives and share expertise with junior colleagues.
• Uphold Rathbones values and professional standards.

Skills

Communication

Client-facing

Relationship management

Team collaboration

Analytical skills

Education

CISI Level 4 Diploma

Job description

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Department: Divisional Head - Tim Bagshaw

Job Category: Front Office

Location: London, GB, EC2V 7QN

Division: RIM

Location: London

Contract: Permanent

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 escalated 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 )

Strong communication and interpersonal skills.

• 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.
• 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.