Portfolio Construction Manager

Railpen; London; Hybrid; GBP 70,000 - 95,000; Full time

Benefits offered by this job

28 days annual leave plus bank holidays

Generous annual bonus plan

Membership in Railways Pension Scheme

Life Assurance cover up to 4x salary

Employee assistance programme

Health cash plan

Flexible and hybrid working options

Generous family leave policies

Job summary

A leading pension management firm is seeking a Portfolio Construction Manager in London. You will be responsible for developing investment strategies and engaging with stakeholders. The ideal candidate has extensive experience in multi-asset investment design and a strong ability to communicate complex ideas clearly. This role supports hybrid working and offers significant benefits.

Qualifications

• Demonstrable experience of designing and implementing multi-asset investment mandates.
• Experience with private market investments or derivative strategies for risk management.
• Ability to communicate effectively and influence stakeholders.

Responsibilities

• Develop investment strategy and portfolio construction decisions.
• Assess portfolios against changing market conditions.
• Engage with stakeholders to understand client requirements.

Skills

Multi-asset investment design

Stakeholder management

Risk management

Communication

Investment strategy development

Job description

Join to apply for the Portfolio Construction Manager role at Railpen

Join to apply for the Portfolio Construction Manager role at Railpen

Direct message the job poster from Railpen

We have a great opportunity for an Portfolio Construction Manager to join our Fiduciary Management (FM) team

on a permanent basis in our London office (hybrid based).

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

The Portfolio Construction Manager will play a key role in the development of investment strategy and portfolio construction decisions leading to better client outcomes and efficient investment implementation. This role will work with our Trustee advisory team and our in-house public markets and private markets teams to understand client requirements and to then build portfolios that meet those needs. This will include assessing portfolios on an ongoing basis to understand the impact of changing market conditions, emerging risks and market opportunities, continually looking to improve clients outcomes.

This role will require significant levels of engagement with a number of stakeholders to understand client requirements, the market environment, the characteristics of assets held by the portfolio managers (and what they bring to the total portfolio) and integration with risk and performance monitoring, ensuring the process is well-managed, robust and well-documented. The role will include leveraging an understanding of the decisions being taken by the FM business to develop communications to both internal and external stakeholders.

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 demonstrable experience of designing and implementing multi-asset investment mandates and consideration of how to respond to changes in market conditions or client requirements. Previous exposure to the construction of multi-asset investment strategies, ideally covering a range of differing investor requirements is key. This should include experience with the inclusion of asset classes outside of “traditional beta” assets, such as private market investments or derivative strategies used for risk management of growth assets. The successful candidate will lead on the preparation and recommendations to feed into portfolio construction discussions, bringing an understanding of how strategies are being implemented in practice, and will ideally have experience in the development of the related decision-making framework.

The successful candidate will be adaptable to changing requirements and be keen to take ownership for projects and deliver on key objectives. You will have the ability to communicate, engage and influence stakeholders through concise and impactful language, despite complexity of the subject matter. We are looking for someone who has a deep passion for long-term multi asset investing with a continuous learning mindset. As a Portfolio Construction Manager, you will have the ability to effectively engage key stakeholders to ensure that a total portfolio perspective is embedded in Railpen’s overall investment process. You will look to support FM initiatives through collaborative research, stakeholder management, effective communication and contributing to the team’s wider business plan and culture.

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

• 28 days annual leave plus bank holidays
• Generous annual bonus plan
• We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
• 4x Life Assurance cover
• Employee assistance programme
• Heath cash plan

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
• Flexible half days leave
• Electric vehicle leasing
• Cycle to work scheme

Next Steps

Please apply for the apply button or visit Careers Pageby Thursday 4th September 2025.

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

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management

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