Current Vacancies

LPPI - Investment Risk

Investment Risk Analyst

London

Job Ref
INV Risk
Location
London

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Role purpose

• Work as a member of the investment risk team at LPP
• To measure, monitor, analyse and report investment risks (market, liquidity, counterparty credit, leverage, valuation risks etc.) for funds managed by LPP and for the Pension Clients’ portfolios
• To maintain and enhance investment risk data, models, systems and reporting processes for LPPI’s investments and funds in Equities, Fixed Income, Credit, Private Equity, Real Estate, Infrastructure etc.
• To maintain investment risk reporting and procedures to meet LPPI’s regulatory requirements as an Alternative Investment Fund Manager

Key Responsibilities

• Develop and maintain a high standard of investment risk analysis and reporting across various asset classes at investment, fund and client portfolio levels
• Maintain and enhance data, modelling and reporting systems & workflows for investment risk processes
• Prepare investment risk analysis and Management Information for LPPI’s various committees, internal stakeholders and regulatory reporting.
• Work with senior members in the team to implement enhanced risk & quantitative models, risk systems and automated reporting workflows.

Person Specification

The post holder will demonstrate:

• Educated, preferably master’s level, in Mathematics, Finance or related Quantitative discipline
• Demonstrated relevant work experience in investment risk /market risk or quantitative analysis in the financial services industry
• Good quantitative and programming skills, preferably in Python. Experience in databases and Excel VBA is highly desirable
• Good understanding of return and risk characteristics of various asset classes, quantitative modelling and time series analysis
• Highly developed numerical, analytical and report writing skills.
• A proactive, self-motivated team player
• A lateral thinker with excellent problem solving and organisational ability
• Highly effective communication skills including the ability to build good working relationships

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.


Function
Investment Risk
Status
Full Time
Type
Permanent


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LPPI - Investments

Senior Analyst, Global Equities

London

Job Ref
SA- GE
Location
London

About the company:

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £18.5bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilised to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

Purpose

The candidate will form part of the direct public equity investment team at LPP.
The team manages two direct global equity strategies:

- A concentrated Large Cap Quality Growth portfolio; and
- A concentrated SMID Cap Global Quality Growth Portfolio.

Both portfolios are concentrated (c. 30 stocks), with long term horizons and benchmark agnostic approach to construction.

The candidate will work across both portfolios, researching companies for potential investment as well as being responsible for monitoring a number of existing holdings in each portfolio.
The role offers the opportunity to work in small and collegiate group of other generalist research analysts and portfolio managers on strategies that are core to LPPI’s equity asset allocation (c.£4.5bn in combined AuM).

Key Responsibilities

• Work closely with colleagues in the Global Equity team to identify and research sectors and induvial companies across a range of sectors

• Become intimately knowledgeable of the companies that the candidate is responsible for monitoring in both portfolios, to facilitate decision making by the relevant Portfolio Manager

• Engagement with portfolio companies and develop relationships with company management and research providers

• Improve understanding, evaluation and integration of material ESG factors into investment decisions

• Support the wider team in all aspects of investment research, trade execution, administration and operational activities as directed.

• To continually develop both knowledge and skill in the equity investment arena by maintaining up to date information in relation to market developments

• Actively support LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives, as directed.

Personal characteristics and expected tasks

• To be a proactive, self-motivated team player who has the ability to manage a high personal workload with multiple deadlines.

• Ability to work independently and communicate effectively with Portfolio Managers

• Ability to conduct in-depth research papers that cover all key aspects of the LPPI investment philosophy

• Ability to build, develop and maintain internal financial models for individual companies

• Contribute to periodic reporting processes and other reports as required and/or directed by senior team members.

• Prioritize effectively, and handle ad-hoc requests from various team members

• Eager and have a willingness to go above and beyond what is typically required on the job and the ability to think critically and make appropriate decisions.

• A strategic, analytical, and practical commercial mindset

• To share our passion about equity investing

• Knowledge of ESG concepts and ability to synthesize analysis in a practical way

• Conscientiousness: A keen eye for detail and a strong commitment to quality.

• Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally.

• Capability to develop and follow an investment process based on sound principles and demonstrable conformance therein.

• The ability to build positive and productive working relationships with internal and external partners as required.

• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity.

• High standards of ethics and integrity

Experience

• Significant demonstrated equity analytical experience gained within a relevant and similar organisation.

• Thorough understanding of fundamental analysis, including comprehension of business models and valuation principles

• Degree level educated.

• Ideally CFA qualified or working towards completion of CFA or other related qualification and willing to study further as necessary.

• Good level of numerical, analytical and report writing skills including a working knowledge of MS office tools to assist in the communication of key messages and to facilitate discussions and decision making.

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Investments
Status
Full Time
Type
Permanent


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Senior Analyst – Equities / Diversifying Strategies

London

Job Ref
INV-DS2
Location
London

Senior Analyst – Equities / Diversifying Strategies
London

About LPPI

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Job Purpose

LPPI has a large and complex portfolio with over half the capital managed externally. The selection and ongoing monitoring of these external managers is one of LPPI’s key activities. This role will support the Head of External Managers in the implementation of LPPI’s external manager research and monitoring activities, predominantly focused on Equities and Diversifying Strategies. This role requires you to build strong working relationships with both the internal Investment Team and third-party managers.

Key Responsibilities

- Monitoring & new Investment Due Diligence (IDD). Support/lead the monitoring of existing investments and selection due diligence on new investments in line with LPPI policies and mandate guidelines. This will include close collaboration with multiple asset class specialists. You will be expected to build and maintain appropriate manager and investor networks

- Systems & processes. You will ensure monitoring and new investment due diligence processes are followed, including the recording of relevant documentation. LPPI and IDD processes will continue to be enhanced over time and you will support these ongoing evolutions in processes, systems and tools

- Investment analysis & reporting. Produce relevant quantitative analysis to supplement the qualitative due diligence process across existing and new investments. Deliveries may include portfolio opportunity set/strategy analysis, detailed manager and portfolio specific performance/risk analysis, peer groups etc. You will also need to support additional reporting as required by LPPI stakeholders

- Portfolio analysis & reporting. Produce relevant quantitative analysis to predominantly but not exclusively support the management of Global Equities and Diversifying Strategies portfolios. To include exposure analysis, performance attribution, and other portfolio level analytics e.g. cash flows

- Communication. Deliver clear, accurate and logical written reports as part of documenting the various elements of LPPI’s IDD process. You will need to support/lead structured interactions (including face-to-face) with third-party managers and other counterparties on a regular basis. You will be expected to synthesise information and escalate key points/issues as appropriate to the relevant internal teams and committees.

- Team. You will need to build relationships and liaise effectively with a range of internal teams including responsible investment, operational due diligence, risk, legal and others to execute LPPI’s IDD processes and ensure compliance with other internal policies. You may be required to supervise and train more junior team members over time

Experience/Skills/Attributes

- Degree level educated preferably gained within a finance, economics or mathematics related discipline. Possession of post-graduate qualification or professional accreditation (e.g. MS, MBA, CFA or equivalent) is an advantage

- Significant demonstrated experience of fund/manager research with a focus on long only Equity strategies. Additional experience in other Diversifying Strategies (hedge funds + other alternatives) may be beneficial. Experience in evaluating and monitoring third-party managers via both desk-based research and face-to-face interactions

- Strong working knowledge of long only Equity strategies, capital markets and relevant fund manager universes. Additional strategy universe knowledge may be beneficial. Existing professional industry network

- Proactive mindset with excellent written and verbal communication skills

- Strong quantitative and analytical skills – good working knowledge of relevant equity strategy analysis systems an advantage. Detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences

- Structured and process driven with excellent organisation skills. Ability to prioritise, manage expectations and deliver on time

- Team player with ability to engage productively both within and outside immediate team to produce results

- Intellectually curious, desire to grow and develop knowledge within equities specifically but also across other asset classes and strategies

- An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity

Reasonable adjustments will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

So, if you’re seeking a brilliant new opportunity as a Senior Analyst, please apply via the button shown. This vacancy is being advertised by Webrecruit. The services advertised by Webrecruit are those of an Employment Agency.

Function
Investments
Status
Full Time
Type
Permanent


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Senior Analyst - Credit

London

Job Ref
SAC
Location
London

Senior Analyst - Credit
London

About LPPI

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them, which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward thinking, please read on.

Job Purpose

LPPI has a large and complex portfolio with over half the capital managed externally. The selection and ongoing monitoring of these external managers is one of LPPI’s key activities. This role will support the Portfolio Manager in the implementation of LPPI’s external manager research and monitoring activities, predominantly focused on credit across both public and private market strategies. This role requires you to build strong working relationships with both the internal investment team and third-party managers.

Key Responsibilities

- Monitoring & new IDD. Support/lead the monitoring of existing investments and selection due diligence on new investments in line with LPPI policies and mandate guidelines. This will include close collaboration with the Credit Team as well as other LPPI asset class specialists. You will be expected to build and maintain appropriate manager and investor networks
- Systems & processes. You will ensure monitoring and new investment due diligence processes are followed, including the recording of relevant documentation. LPPI and IDD processes will continue to be enhanced over time and you will support these ongoing evolutions in processes, systems and tools
- Investment analysis & reporting. Produce relevant quantitative analysis to supplement the qualitative due diligence process across existing and new investments. Deliveries may include portfolio opportunity set/strategy analysis, detailed manager and portfolio specific performance/risk analysis, peer groups etc. You will also need to support additional IDD and credit asset class reporting as required by other LPPI stakeholders
- Portfolio analysis & reporting. Produce relevant quantitative analysis to support the management of the LPPI credit portfolio. To include looking through exposure analysis, performance attribution and cash flow forecasts
- Communication. Deliver clear, accurate and logical written reports as part of documenting the various elements of LPPI’s IDD process. You will need to support/lead structured interactions (including face-to-face) with third-party managers and other counterparties on a regular basis. You will be expected to synthesise information and escalate key points/issues as appropriate to the relevant internal teams and committees
- Team. Outside of IDD and Credit, you will need to build relationships and liaise effectively with a range of internal teams including responsible investment, operational due diligence, risk, legal and others to execute LPPI’s IDD processes and ensure compliance with other internal policies. You may be required to supervise and train more junior team members over time

Experience/Skills/Attributes

- Degree level educated preferably gained within a finance, economics or mathematics related discipline. Possession of post-graduate qualification or professional accreditation (e.g. MS, MBA, CFA or equivalent) is an advantage
- Significant demonstrated experience of fund/manager research with a focus on private credit. Experience in evaluating and monitoring third-party managers via both desk-based research and face-to-face interactions
- Strong working knowledge of credit investment strategies, capital markets and relevant fund manager universes. Existing professional industry network
- Proactive mindset with excellent written and verbal communication skills
- Strong quantitative and analytical skills, detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences
- Structured and process driven with excellent organisation skills. Ability to prioritise, manage expectations and deliver on time
- Team player with the ability to engage productively both within and outside immediate team to produce results
- Intellectually curious, desire to grow and develop knowledge within credit specifically but also across other asset classes and strategies
- An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity

Reasonable adjustments will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

So, if you’re seeking a brilliant new opportunity as a Senior Analyst, please apply via the button shown. This vacancy is being advertised by Webrecruit. The services advertised by Webrecruit are those of an Employment Agency.

Function
Investments
Status
Full Time
Type
Permanent


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