Investment Analyst - Fixed Income
LGPS Central
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Benefits offered by this job
Job summary
LGPS Central is seeking an Investment Analyst (Fixed Income) based in Wolverhampton. You will support Fixed Income research, portfolio construction, and risk oversight within a FCA-regulated environment, partnering with Portfolio Managers and the Investment Director (Fixed Income).
You’ll contribute to responsible investment, performance monitoring and governance, delivering insights for Partner Funds and maintaining high standards of accuracy and collaboration.
Qualifications
- Experience in Fixed Income analysis and investment research.
- Ability to document rationale and outcomes clearly.
- Ability to work with Portfolio Managers and a governance framework.
Responsibilities
- Deliver high-quality research to support Fixed Income decisions.
- Assist in portfolio construction, monitoring and reporting.
- Support Responsible Investment across Fixed Income.
- Ensure compliance with Risk and Governance frameworks.
- Collaborate across teams and contribute to development.
Skills
Education
Job description
Based in Wolverhampton, the Investment Analyst (Fixed Income) is a core contributor within LGPS Central's Investment function, supporting the delivery of high-quality Fixed Income investment solutions for our Partner Funds. Working alongside experienced Portfolio Managers and the Investment Director (Fixed Income), you will help deliver well-governed, research-driven and responsible investment outcomes that support the long-term objectives of the Local Government Pension Scheme. 'Fit for the Future' is strengthening expectations around pooling, governance, transparency and the role of pools in implementing investment strategy. As LGPS Central continues to expand its investment capabilities, Fixed Income remains a vital building block in Partner Fund portfolios, providing diversification, income generation and risk management across a broad range of market environments. This role offers broad exposure across Fixed Income markets, investment research, portfolio construction and manager oversight within a collaborative and FCA regulated environment. From day one, you will be involved in meaningful work that directly contributes to the investment outcomes delivered for over one million members across our Partner Funds.
Deliver high-quality research and analysis to support investment decisions across LGPS Central's Fixed Income strategies, including internally managed portfolios and externally delegated mandates.
- Support Portfolio Managers in the analysis, evaluation and monitoring of Fixed Income investments and market opportunities
- Assist in the sourcing, assessment and recommendation of new investment ideas in line with agreed strategies and processes
- Undertake quantitative, qualitative and market analysis and clearly document investment rationale
- Support portfolio construction, implementation activity and ongoing portfolio monitoring
- Assist with the implementation, oversight and maintenance of internally managed funds and external investment mandates
- Contribute to the production of regular portfolio, performance and risk reporting
- Support quarterly and annual reporting for Partner Funds and internal governance forums
- Assist in analysing investment performance, risk metrics and outcomes relative to objectives and benchmarks
- Monitor Fixed Income market sectors and maintain accurate research, datasets and records to support decision making
- Support the integration and maintenance of Responsible Investment considerations across Fixed Income investment activity
- Consider ESG, sustainability and stewardship factors as part of investment analysis, due diligence and ongoing monitoring
- Support the implementation of LGPS Central's Responsible Investment framework within Fixed Income portfolios and mandates
- Work collaboratively with the Responsible Investment team to ensure alignment with firmwide policy and regulatory expectations
- Ensure adherence to LGPS Central's Risk and Compliance Framework throughout all stages of the investment process
- Support transparent, auditable and well-documented investment processes
- Assist with preparation of materials for Investment Committees and other governance forums
- Identify and elevate risks, issues or breaches in a timely and appropriate manner
- Support oversight of portfolios to ensure they operate within agreed mandates, prospectuses and company policies
- Contribute to the manager monitoring, appointment and oversight framework where applicable
- Take ownership of allocated projects, delivering to agreed timelines and quality standards
- Build effective working relationships across investment teams and the wider organisation
- Contribute to a culture of high-performing, collaborative, research-driven and responsible investing
- Promote LGPS Central within the investment community and in dealings with Partner Funds
- Support knowledge sharing and continuous improvement across the investment function
LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for fourteen local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £100bn+ of their assets. It is one of six Local Government Pension Scheme (LGPS) asset pools in the UK.
LGPS Central's Partner Funds are:
- Cheshire Pension Fund
- Derbyshire Pension Fund
- Leicestershire Pension Fund
- Nottinghamshire Pension Fund
- Shropshire Pension Fund
- Staffordshire Pension Fund
- West Midlands Pension Fund
- Worcestershire Pension Fund
- Gloucestershire Pension Fund
- Hampshire Pension Fund
- Suffolk County Council
- Wiltshire Pension Fund
- Norfolk Pension Fund
- Oxfordshire Pension Fund
The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.
LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i10, Railway Drive in September 2026, close to local transport links.
Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds
- Experience of investment or financial analysis, particularly within Fixed Income markets, preferably gained with an asset manager or other financial institution
- Understanding of Fixed Income investment principles, portfolio construction and risk management
- Demonstrated ability to analyse investments and clearly document rationale and outcomes
- Strong analytical and numerical skills with high attention to detail
- Proven interest in Fixed Income investing and financial markets
- Well organised, proactive and able to manage multiple priorities
- High standards of professional ethics, integrity and judgement
- Strong interpersonal and communication skills with the ability to work effectively across teams and stakeholders
- Awareness of responsible investment and stewardship concepts and their relevance to long-term investment outcomes
- Bachelor's degree in Business Management, Finance or related field
- IMC gained and working towards CFA qualification or similar, or relevant investment experience would be an advantage
We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:
- Competitive salary
- An enhanced and generous Pension Scheme
- 30 days' paid holiday plus bank holidays
- 2 days paid volunteering days
- An extra paid Company Day in addition to paid holidays
- Excellent Learning & Development Opportunities
- Welfare and Family friendly policies
- Enhanced pay for new parents
- Access to our Employee Assistance Programme 247 Health & Wellbeing Support
- Vitality Private Medical Insurance
- Hybrid Working
- Company Service Awards
- Cycle to Work Scheme
- Company Electric Vehicle Scheme
- Winner of the Cultural Awareness Initiative of the Year FT Advisors Diversity in Finance Awards 2023
- Winner of Diversity and Inclusion Award LAPF In Investments Award 2023
- Winner of LAPF Investment Innovation
- Winner of Pool of the Year 2025
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