Investment Manager

Railpen; Greater London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading pension fund administrator is looking for an Investment Manager for a 15-month maternity cover role in London. The successful candidate will manage portfolio implementation projects and analyze market trends while ensuring effective trade execution. Candidates should have experience in different asset classes and possess strong communication skills. The role offers a competitive salary, generous leave, and various wellness benefits, with a focus on an inclusive and diverse environment.

Benefits

Competitive salary

28 days annual leave plus bank holidays

Generous annual bonus plan

Membership of the Railways Pension Scheme

Private Medical Insurance

Paid volunteering days

Qualifications

• Demonstrable experience in managing a variety of asset classes.
• Must have the legal right to work in the UK.

Responsibilities

• Manage and execute portfolio implementation projects.
• Analyze markets and formulate implementation plans.
• Provide oversight for trade generation and transitions.

Skills

Experience in managing portfolio implementation projects

Deep passion for multi-asset investing

Effective communication skills

Proactive and creative thinking

Job description

Investment Manager - Portfolio Implementation (Maternity Cover)

Intro

An exciting opportunity has arisen to join our Portfolio Implementation team as an Investment Manager, based in London (hybrid working) for a period of 15 months.

Who we are

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.

Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.

The role

As an Investment Manager you will be responsible for managing and executing portfolio implementation projects, as well as analyse the markets, rebalance/transitions trades and index changes to formulate implementation plans with an awareness of potential risks based on pre-trade analysis, with a focus on minimising turnover, market impact and T-costs.

The role requires you to provide oversight for trade generation, cash, FX, corporate actions and transitions across quantitative and fundamental portfolios, overlays and pooled funds. You will also contribute to the planning and co-ordination with the trading desk to achieve good execution outcomes and liaise with Investment Operations, Investment IT Ops, Compliance and other departments as required.

This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.

The person

The successful candidate will have experience managing and executing portfolio implementation projects, with an active mind for process and operational improvement. Demonstratable experience in the markets would be essential, having previously covered different asset classes and how they trade. Previous experience managing money would be preferable.

We are looking for someone who is a proactive and a creative thinker, with a deep passion for long-term multi asset investing. You will also be an effective communicator with the ability to positively challenge the views of colleagues within the organisation whilst remaining open minded to challenge in respect of your own views.

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.

What we can offer you

Rewarding you

• A competitive salary (depending on experience)
• 28 days annual leave plus bank holidays
• Generous annual bonus plan
• We provide membership of the Railways Pension Scheme
• 4x Life Assurance cover
• Colleague referral scheme

Heath & Wellbeing

• Private Medical Insurance
• Employee assistance programme
• Health cash plan
• Eye care vouchers
• Flu vaccination

Lifestyle

• We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
• Buy and sell holidays
• Give as you earn scheme
• Paid volunteering days
• Flexible half days leave
• Electric vehicle leasing
• Cycle to work scheme

Next Steps

Please apply via the apply button or visit Careers at Railpen by Friday 19th December 2025.

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life