Investment Risk Manager

LGPS Central Limited; Birmingham; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading asset management firm in Birmingham is seeking an Investment Risk Manager to ensure adherence to investment risk policy across various markets. The ideal candidate should have experience in risk management, strong analytical skills, and a collaborative mindset. The position offers a competitive salary, generous pension scheme, and flexible hybrid working conditions.

Benefits

Competitive salary

Enhanced Pension Scheme

30 days paid holiday

2 paid volunteering days

Additional Company Day

Learning & Development Opportunities

Family-friendly policies

Enhanced parental pay

Employee Assistance Programme

Vitality Private Medical Insurance

Cycle to Work Scheme

Company Electric Vehicle Scheme

Qualifications

• Proven experience in Investment Risk Management at analyst level.
• Ability to analyze large data sets.
• Strong understanding of investment risk models.

Responsibilities

• Ensure LGPS Central Investment Risk Policy is followed.
• Lead and produce risk reports accurately.
• Support Senior Investment Risk Manager in fund launches.

Skills

Experience in Investment Risk Management

Data analysis from large data sets

Power BI or Tableau

Writing policies and committee papers

Understanding of Public and Private Markets

Investment risk management models

Market, credit, and liquidity risk management

Investment risk metrics

Communication of complex matters

Problem-solving skills

Presentation and report-writing skills

Collaborative mindset

Education

Relevant degree in quantitative or financial discipline

FRM, CQF, CFA certifications preferred

Job description

Role Overview

The Investment Risk Manager contributes to ensuring that the LGPS Central Investment Risk Policy is followed across Public and Private Markets and embedded into the company's investment management activity. The postholder takes initiative to ensure that the policy and its sub‑policies remain relevant and explores opportunities to further strengthen LGPS Central approach to Investment Risk Management. The role seeks experience across Public and Private Market Investment Risk Management. The Investment Risk Manager will be a “can do” person who will work towards a high standard with a limited amount of supervision and a good understanding of governance, deputising for the Senior Investment Risk Manager when required.

Key Responsibilities

• Contributes and supports the Investment Risk Policy and the LGPS Central Investment Risk Universe
• Takes the lead to ensure that BAU risk reports are produced accurately and in time
• Explores and collaborates on opportunities to improve current approach to risk reporting
• Supports independently the Senior Investment Risk Manager on any new fund or mandate launches or any changes to existing funds and mandates
• Promotes investment risk to make investment risk a value add across the company and main stakeholders
• Writes papers for approval and noting to the Investment Committee and other Committees with minimal supervision
• Takes part in Investment Risk team development and training via informal and continuous professional development
• Deputises for the Senior Investment Risk Manager as required
• Supports implementing a continuous oversight process in Private Markets
• Takes active part on any audit topics in the Investment Risk Management Team
• Takes the lead in understanding and developing any quantitative risk models
• Be an ambassador for investment risk, quant topics, technology and automation
• Supports the Senior Investment Risk Manager in providing the investment teams with market and portfolio risk insights across Public and Private Markets

Partner Funds

• 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

Qualifications

• Previous experience in an Investment Risk Management Function at least at analyst level having demonstrated to be ready for a manager position
• Ability to deal with very large data sets from multiple sources
• Experience in Power BI, Tableau or similar preferred
• Some experience in writing policies and committee papers
• Good understanding of various Public Markets and Private Markets assets
• Some experience in investment risk management risk models
• Familiar with market, credit and liquidity risk management
• Good knowledge on investment risk metrics, stress testing etc
• Able to communicate complex and highly‑technical matters in a way which is understandable and relevant.
• Strong reasoning and problem‑solving skills, able to develop pragmatic solutions to complex problems.
• Strong presentation, report‑writing and verbal communication skills
• Achiever mentality with a collaborative and compassionate mindset
• Relevant degree, a quantitative, scientific or financial discipline preferred
• First experience in managing an analyst or similar
• FRM, CQF and CFA preferred
• Fulfil criteria for SMCR certification

Company Overview

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Funds, and it is responsible for managing £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK.

Benefits

• 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
• Nominees of the Family Friendly Employer of the Year 2022 Personnel Today Awards 2022
• 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