Senior Asset Allocation Analyst

Rathbone Brothers; Greater London; Hybrid; GBP 90,000 - 125,000; Full time

Benefits offered by this job

Company pension

Private medical insurance

Life assurance

Share scheme

Discretionary bonus

Flexible holidays

Green Car Scheme

Family friendly policies

Study support

Season travel ticket loans

Job summary

Rathbones is seeking a Senior Asset Allocation Analyst in London to provide timely macroeconomic and top-down investment analysis for the Asset Allocation Committee and Investment Managers. You will develop quantitative models and collaborate with the broader research team to enhance the investment process.

The role requires strong economics knowledge, experience with econometric techniques, and the ability to communicate complex ideas clearly to both technical and non-technical audiences.

Qualifications

• Strong understanding of macroeconomic literature and data.
• Experience applying econometric/quantitative techniques in a professional setting.
• Knowledge of valuation methods for equities and portfolio forecasting is a plus.

Responsibilities

• Analyse and interpret economic and market data to support Rathbones’ central investment process.
• Build quantitative frameworks to improve analysis depth.
• Support investment managers by responding to queries and presenting research.

Skills

Macroeconomic theory

Econometric techniques

Python coding

Education

Bachelor's or Master's in Economics/Economic History

Tools

Datastream

Job description

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At Rathbones, we help people invest their money well, so they can live well. That means more than financial returns - it’s about helping people feel confident in their decisions and supported in their future. We don’t just manage money, we guide people through life’s big moments, helping them stay on track and focus on what matters most.
We’re proud to be one of the UK’s leading wealth managers, with over £109bn* in assets under management and 20+ offices across the UK and Channel Islands. We’re a FTSE 250 company with national reach and a local feel - and we’re growing.
*As of June 2025

Role Title: Senior Asset Allocation Analyst

Division: Asset Allocation, RIM Research

Location: London

Contract: Perm

About the Role

To help provide timely, relevant economic and \"top-down\" investment analysis to Rathbones’ Asset Allocation Committee and Investment Managers.

What you’ll be responsible for

• Analyse and interpret economic and market data to support Rathbones’ central investment process.
• Build and develop robust quantitative frameworks to improve the depth of Rathbones’ analysis.
• Support investment managers by responding to their queries and presenting at firm-wide or division-level research meetings.
• Produce internal research notes and external pieces of thought leadership. Communicate them effectively.
• Proactively identify research areas to improve the investment process.
• Support the delivery of the overall investment process by working with the wider research team (including equities, fixed income, collectives and risk modelling specialists).

About you

If you meet some of these criteria and are excited about the role, we encourage you to apply

• Strong practical understanding of macroeconomic literature, theory and data is required and experience applying econometric/quantitative techniques in a professional setting, a strong plus.
• A high-level understanding of valuation methods and techniques for equities in particular a plus.
• Knowledge of long-term asset return forecasting and/or portfolio optimisation is an advantage, but not essential.
• Coding experience (especially Python) is an advantage, but not essential.
• Ability to explain complex concepts in plain English and in an engaging style, including to less technical audiences. Strong ability to present information visually.Experience using Datastream a plus, not a necessity.
• Proactive and accountable. Independently able to identify research areas relevant to business needs or improvements to existing frameworks.
• Knowledge of regulatory environment in which we operate.
• Understanding of the products and services Rathbones provides.
• Significant experience working in an investment-related role in Financial Services on either the sell- or buy-side. (working in an economics or investment strategy team is not required)A bachelors (minimum 2.1) or masters (minimum Merit grade) degree in Economics, Political Economy, Economic History, or a related

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
• Other voluntary benefits you can choose to suit you

Our employees can choose to take part in various social groups and communities to support their wellbeing, growth, development and sense of community.These include:

• Sports & Social Committees, such as cricket, football, netball, running, yoga, quiz nights, charity bake sales and much more.
• Inclusion Networks that help us drive change within the organisation such as Gender Balance, Multicultural, Abilities Count, Pride, Social Mobility, Generations, Menopause Matters@Rathbones' and Armed Forces.
• The NextGen IM Network, which brings together a community of trainees from across the UK, who are all at the early stages of their careers and offers development opportunities, exposure across the business as well as peer support and connection.

Life at Rathbones

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values.

We're a Disability Confident Employer (level 2) under the UK Government scheme. This means we've signed