Capital Markets Manager

Royal London; Greater London; Hybrid; GBP 100,000 - 150,000; Full time

Benefits offered by this job

28 days annual leave

Pension scheme (up to 14%)

Private medical insurance

Job summary

Royal London Asset Management (RLAM) is seeking a Senior ETF Capital Markets Manager to act as the central subject matter expert for ETF market structure, liquidity and primary/secondary markets. You will support development, launch and ongoing management of our ETF platform and oversee outsourced providers across governance and service delivery.

You will collaborate with Investments, Trading, Product and Operations to shape market making, liquidity strategy and launches, while providing

Qualifications

• Experience across ETF Capital Markets and institutional trading.
• Strong understanding of European ETF ecosystems and UCITS ETFs.
• Established relationships with authorised participants, market makers and exchanges.
• Experience supporting ETF product design, launches and platform development.
• Ability to oversee third-party providers and drive service quality.
• Strong analytical mindset translating market data into insights.
• Excellent communication and stakeholder management across functions.

Responsibilities

• Act as central expertise for ETF market structure, liquidity and markets.
• Oversee ETF market structure, primary markets, governance and reporting.
• Monitor ETF market quality across spreads, depth and execution.
• Build strategic relationships with market participants and exchanges.
• Develop and oversee market making and liquidity strategy.
• Support ETF product design, launches and seeding readiness.
• Escalation point for major market issues and provide governance insights.

Skills

ETF Capital Markets

Institutional trading

Portfolio management

ETF product development

Market structure

Stakeholder management

Job description

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.

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.