LDI Portfolio Manager

Columbia Threadneedle Investments; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

Columbia Threadneedle Investments in London is seeking an experienced LDI Portfolio Manager to join the Portfolio Management team. You will manage derivative and LDI portfolios, contribute to risk controls, and provide market input to the LDI team.

The role requires strong analytical skills, extensive investment experience in liability driven strategies, and the ability to work cross-functionally with traders, risk managers and clients.

Qualifications

• Portfolio management experience in Liability Driven Investment or closely related area.
• Motivation to learn and a desire to succeed.
• Strong analytical skills and attention to detail.
• Highly numerate with problem solving skills.
• Ability to multi-task in a fast-paced world with competing priorities.
• Good communicator and team player.
• Extensive experience in a relevant role such as institutional portfolio management or investment consultancy.

Responsibilities

• Manage assigned portfolios consistent with the investment process, client objectives and regulatory requirements.
• Manage and understand investment risk, in line with client and regulatory requirements and ensure effective risk management and controls in place.
• Construct and monitor portfolios based upon investment policy and investment process.
• Use Aladdin for risk management and assist in its development.
• Oversee OTC derivative transactions with investment banks, accessing the market in the client’s best interest and in line with best execution.
• Aim for target investment performance with risk efficiency.
• Develop and express market views, analyse opportunities for clients, select trading opportunities for delegated mandates.

Skills

Portfolio management

Analytical skills

Attention to detail

Numerate

Strong communicator

Team player

LDI experience

Education

CFA Charterholder

Finance degree

Tools

Aladdin

Python

VBA

Excel

Job description

About Columbia Threadneedle Investments Working at Columbia Threadneedle Investments you'll find growth and career opportunities across all of our businesses. We are intentionally built to help you succeed. Our reach is expansive with a global team of 2,300 people working together. Our capability is diverse with more than 550 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements. Our unwavering focus on our clients and strong financial foundation connects each of our enterprise businesses — Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities.

Job Description

We are recruiting for an LDI Portfolio Manager, supporting and working in the Portfolio Management team. We are responsible for managing derivative and LDI portfolios and providing market input for the LDI team.

Responsibilities

• Manage assigned portfolios consistent with the investment process, client objectives and regulatory requirements
• Manage and understand investment risk, in line with client and regulatory requirements and ensure that effective risk management and controls are in place
• Construct and monitor portfolios based upon investment policy and investment process
• Use Aladdin for risk management and assist in its development
• Oversee OTC derivative transactions with investment banks, accessing the market as applicable in a manner that is in the client’s best interest and consistent with “best execution”
• Achieve target investment performance with risk efficiency
• Understand and monitor performance and risk attribution in relation to the implemented investment policy
• Monitor restrictions and triggers in portfolios
• Risk management of pooled fund and segregated mandates – responsible for relevant daily/weekly/monthly oversight and controls
• Develop and express market views, analyse opportunities for clients, select trading opportunities for delegated mandates
• Review relative value opportunities between varying government bonds and swaps
• Analyse current products/mandates and develop new products
• Analyse liabilities and determine appropriate hedge instruments
• Check/prepared written client communication/commentary/reports
• Verbal presentations to clients and consultants
• Engage with regulatory developments and changes
• Review control processes and implement enhancements
• Maintain relationships with investment banks’ trading desks and other key partners
• Contribute to the development of talent within the PM team and wider business

Qualifications

• Portfolio management experience in Liability Driven Investment or closely related area
• Motivation to learn and a desire to succeed
• Strong analytical skills and attention to detail
• Highly numerate with problem solving skills
• Ability to multi-task in a fast‑paced world with competing priorities
• Good communicator and team player
• Extensive experience in a relevant role such as institutional portfolio management, investment consultancy etc.

Additional Desired Experience

• In‑depth knowledge of defined benefit pensions schemes strategy and regulation – primarily UK, Ireland, Netherlands & Germany
• CFA Charterholder
• Coding skills e.g. Python & VBA
• Experience of Aladdin
• A degree in Finance, Maths, Science or Engineering

Employment & Working Conditions

Full time, permanent. We are a client‑centric, relationship‑based business. Working together in‑person is foundational to how we achieve results. Employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in‑office time or different in‑office expectations, and specific requirements will be discussed during the hiring process.

We appreciate that work‑life balance is an important factor for many when considering their next move so please discuss any flexible working requirements directly with your recruiter.

Equal Opportunity Employer

Columbia Threadneedle Investments is an equal opportunity employer. We consider all qualified applicants without regard to racial or ethnic background, religion or belief, sex or gender, nationality, genetic information, age, sexual orientation, gender identity, disability, marital status, pregnancy or maternity or any other basis prohibited by law. We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to aid your participation in the application or interview process, speak to your recruiter to discuss how we can support you.