Capital Markets Manager

Royal London Group; Greater London; Hybrid; GBP 110,000 - 140,000; Full time

Benefits offered by this job

28 days annual leave

Employer pension 14% match

Private medical insurance

Job summary

Royal London Asset Management (RLAM) is seeking a Senior ETF Capital Markets Manager to act as a subject matter expert for ETF market structure, liquidity and lifecycle management of our ETF platform. You will oversee primary/secondary markets, governance, and relationships with authorised participants and exchanges, driving strategy and continuous improvement.

You will partner with Investments, Trading and Product to support launches, seeding and basket strategy while delivering actionable

Qualifications

• Relevant experience across ETF Capital Markets or related markets roles.
• Strong understanding of the European ETF ecosystem, UCITS ETFs and market structure.
• Established relationships with authorised participants, market makers, brokers and exchanges.
• Experience supporting ETF product design, implementation, launches and ongoing platform development.
• Expertise overseeing third party providers and driving service quality and continuous improvement.
• Strong analytical ability to translate market data into actionable insights.
• Excellent communication and stakeholder management across functions.

Responsibilities

• Act as RLAM’s central point of expertise for ETF market structure, liquidity, primary and secondary markets, and the wider authorised participant, market maker and exchange ecosystem.
• Oversee the outsourced ETF Capital Markets provider and primary market arrangements, ensuring effective service delivery, controls, reporting and escalation.
• Monitor ETF market quality across spreads, depth, execution quality, liquidity, and premium/discount behaviour relative to peers.
• Build and maintain strategic relationships with authorised participants, market makers, exchanges, trading desks and other key participants.
• Develop and oversee RLAM’s market making and liquidity strategy, ensuring effective contractual arrangements and liquidity outcomes.
• Partner with Product, Investments and Trading to provide Capital Markets expertise during ETF product design and launches (basket strategy, seeding, launch readiness).
• Act as a senior escalation point for significant market issues and provide ETF Capital Markets insights to governance and decision-making.

Skills

ETF Capital Markets

Institutional trading

Portfolio management

ETF product development

Analytical mindset

Stakeholder management

Job description

Contract type: Permanent
Location: London
Working style: Hybrid 50% home/office based

We are looking for a Senior ETF Capital Markets Manager to act as a key subject matter expert for ETF Capital Markets, supporting the development, launch and ongoing management of our ETF platform.

You will provide oversight across primary and secondary markets, helping to drive strong market quality, liquidity and effective governance. Working collaboratively across Investments, Trading, Product, Operations and Distribution, you will provide expertise throughout the ETF product lifecycle while driving greater automation, scalability and continuous improvement across our Capital Markets processes.

About the role

• Act as RLAM’s central point of expertise for ETF market structure, liquidity, primary and secondary markets, and the wider authorised participant, market maker and exchange ecosystem.
• Own the oversight and governance of the outsourced ETF Capital Markets provider and primary market arrangements, ensuring effective service delivery, controls, reporting and escalation.
• Monitor and challenge ETF market quality across the range, including spreads, depth, execution quality, liquidity, and premium and discount behaviour relative to relevant peers.
• Build and maintain strategic relationships with authorised participants, market makers, exchanges, trading desks and other key participants across the ETF ecosystem.
• Develop and oversee RLAM’s market making and liquidity strategy, ensuring effective contractual arrangements, quoting expectations and overall liquidity outcomes.
• Partner with Product, Investments and Trading to provide Capital Markets expertise throughout ETF product design and new launches, including market structure, basket strategy, tradability, seeding and launch readiness.
• Act as a senior escalation point for significant market issues while providing ETF Capital Markets insight and analysis to support Distribution, client engagement, governance, product development and wider business decision-making.

About you

• Relevant experience across ETF Capital Markets, institutional trading, portfolio management, ETF product development or related markets roles
• Strong understanding of the European ETF ecosystem, including UCITS ETFs, market structure and multi listing considerations
• Established relationships with authorised participants, market makers, brokers, exchanges and other key participants within the ETF ecosystem.
• Experience supporting ETF product design, implementation, launches and ongoing platform development
• Expertise overseeing third party providers and driving service quality and continuous improvement
• Strong analytical mindset with the ability to translate market data and complex ETF issues into actionable insights
• Excellent communication and stakeholder management skills, with the ability to work cross functionally and represent RLAM effectively with clients, counterparties and industry participants

About Royal London Asset Management

Royal London Asset Management (RLAM), part of the Royal London Group, is one of the UK's leading fund management companies working with a wide range of clients across the globe to achieve their investment goals. Our long-term, client-driven focus means that we have a long-standing commitment to responsible investment. We act as responsible stewards of our clients’ capital, exercising their rights and influencing positive change.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

• We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.

Inclusion, diversity and belonging

We’re an inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.