Portfolio Manager

Rathbone Brothers; Greater London; Hybrid; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Discretionary bonus

Private medical insurance

Company pension

Flexible holidays

Job summary

Rathbones seeks an experienced Portfolio Manager to construct, manage and monitor investment portfolios for a diverse client base, balancing risk and return. You will work with investment management teams to align portfolios with client objectives and market conditions.

The role emphasizes technical expertise in asset allocation, rigorous research, and collaborative leadership within a Front Office team. A Level 7 qualification (CWM or CFA) is preferred and regulatory compliance experience is

Qualifications

• Experience managing investment portfolios at scale.
• Strong research and analytical skills with understanding of asset classes.
• Familiarity with Rathbones investment process and risk procedures.
• CWM level 7 or CFA preferred; regulatory compliance experience beneficial.

Responsibilities

• Define and implement investment strategies based on client risk tolerance, goals and horizons.
• Monitor markets and portfolio performance; rebalance and adjust as needed.
• Mentor junior team members and contribute to internal forums and committees.
• Explain strategies and results clearly to clients and Investment Managers.

Skills

Portfolio management

Client service

Quantitative methods

Analytical skills

Education

Level 7 qualification (CWM or CFA)

Job description

Select how often (in days) to receive an alert:

Department: Divisional Head - Hamish Barton

Job Category: Front Office

Location

London, GB, EC2V 7QN

Date: 23 Oct 2026

At Rathbones, our purpose is to help more people invest their money well, so they can live well.

We are one of the UK’s leading providers of wealth management, investment management, financial planning and asset management services. We work with individuals and families, charities, trustees, financial advisers and other professional partners to help them make confident decisions about money and investments.

Our advisers take the time to understand each client’s goals, values and circumstances. Together, we create a personalised approach designed to manage, preserve and grow their wealth over the long term.

Our services include discretionary investment management, financial planning, fund and asset management, tax planning, trust and company management, and specialist responsible investment services through Rathbone Greenbank Investments. We also work with financial advisers to help them deliver positive outcomes for their clients.

With roots dating back to 1742, Rathbones has been trusted for generations. Today, we manage £120.7 billion of client assets*, supported by more than 700 investment professionals across 21 offices in the UK and Channel Islands.

Rathbones Group Plc is a FTSE 250-listed company.

*Figures as at 30 June 2026.

Location

London

Contract

Permanent

Reporting to

Head of Discretionary Portfolio Management

Purpose

Working as part of a dedicated Portfolio Management team to construct, manage and monitor investment portfolios for a wide and varied client base (individuals, institutions and funds) to achieve financial goals whilst balancing risk and return.

Collaborate and work in partnership with the investment management teams to ensure desired client outcomes are met.

Portfolio Manager marks progression from the Associate role, with increased autonomy, strategic input, and commercial awareness and impact.

Outcomes for the role

Strategy, Portfolio Construction and Technical Expertise:

• Using systems, tools and knowledge to define and implement investment strategies based onclients’ risk tolerance, financial goals and investment horizons.
• Ensure investment portfolios aligned with client objectives and market conditions.
• Within Rathbones portfolio management strategy, select specific asset and determine the optimalasset allocation to build the portfolio.
• Thorough understanding of Rathbones investment process, conduct additional research andanalysis to support client requirements and outcomes.
• Maintain strong understanding of Rathbones proposition, commercial awareness of the widermarket and clear knowledge of the regulatory framework.
• Build a working knowledge of the Front Office Process Guides and Operating Model Summary andInvestment Risk procedures.

Market and Performance Monitoring:

• Continuously monitor financial markets, economic trends and geopolitical events to ensureinformed investment recommendations can be made.
• Track the performance of aligned portfolios and recommend / make adjustments as needed (suchas rebalancing to maintain the desired asset allocation).
• Where properly communicated by investment managers, make appropriate adjustments to the management of a portfolio to reflect a client-directed bespoke requirement, where still deliverable within the client's current risk profile.

Risk Management:

• Identify, assess and manage risks associated with investments.
• Possess a working knowledge of the Front Office Process Guides and Operating Model Summary and Investment Risk procedures.
• Use performance and health check data to assess portfolio risks and take action to manage accordingly.

Client Engagement:

• Partnering effectively with IMs where PM input required in support of client meetings and client relations.
• Ability to clearly explain investment strategies, performance and recommendations to clients and in partnership with the IM teams.
• Business Performance & Growth
• Deliver strong, consistent, risk-adjusted investment performance, aligned to the central Rathbones investment philosophy.
• Contribution shown towards the growth, retention or defence of the client book.
• Demonstrate commercial awareness and contribute to the firm’s growth initiatives.

Team Contribution & Leadership:

• Mentor and support junior team members, sharing expertise and fostering development.
• Actively participate in internal forums and be prepared to contribute to committees and business projects as required.
• Promote a collaborative culture and uphold the firm’s values and standards.

Skills and knowledge

• Knowledge of quantitative methods, financial maths, statistics, and economics.
• Strong research and analytical skills, paired with a solid understanding of asset classes and how to apply those skills and learning within the context of the Rathbones investment process.
• Able to apply portfolio construction theory, along with valuation and pricing techniques to ensure good client outcomes.
• Manage a book of client portfolios to a high standard, aligned to appropriate models, using internal systems and approved PM tools to ensure accuracy and effective operational scalability.
• Contribute to discussions around portfolio construction, generating ideas and providing objective challenge, in a collaborative manner.
• Ability to take personal responsibility, exhibit good judgement and to consult with others on more complex portfolio situations.
• Active listening and adaptability
• Commitment to continuous improvement and feedback.

Professional experience and qualifications (where necessary)

• Experience of managing portfolios at scale
• Demonstrated success in client service and contribution to business performance.
• Level 7 qualification CWM or CFA (CWM preferred)
• Experience in client administration and regulatory compliance.

Our offer to you

We want everyone at Rathbones to fulfil their potential, in an environment where you are proud to work and feel like you belong.

We offer a comprehensive remuneration package, which we review regularly, and benefits include:

• A company pension - 9% non-contributory or 10% if you contribute 5%
• Private medical insurance – Individual on joining, family after 1 year’s service
• Life assurance - 8 x salary
• Company share scheme
• Discretionary bonus
• Flexible holidays – purchase up to 5 additional days
• Green Car Scheme
• Family friendly policies – enhanced family leave for parents & carers
• Study support – study days and funding for courses and qualifications
• Season travel ticket loans