Investment Director of Manager of Managers and Total Return

  • £105,000
  • Wolverhampton, Angleterre, Royaume-Uni
  • CDI, Plein-temps
  • LGPS Central
  • 15 nov. 17 2017-11-15

Investment Director of Manager of Managers and Total Return Salary £105,000 plus a DC Pension Plan Based in the Midlands LGPS Central is looking for an experienced investor to join our Investment Committee in the position of Investment Director, Manager of Managers and Total Return. Based in the Midlands (Wolverhampton or Matlock), the successful candidate will work closely with the CIO and fellow Committee members to build a professional, high performing Manager of Managers and Total Return investment function across both locations.

Role Purpose

Based in the Midlands (Wolverhampton or Matlock investment Offices), The Investment Director of Manager of Managers and Total Return will work closely with the CIO and fellow Committee members to build a professional, high performing Manager of Managers and Total Return investment function across both locations.

As a member of the Investment Committee, you will have the opportunity to influence the investor style and culture of LGPS Central. This will include: working with the CIO to establish a robust decision making framework for the allocation of assets between internal and external portfolios; establishment, oversight and monitoring of all external mandates; ensuring that the size and skill base of the Manager of Managers and Total Return team always meets the Partner Funds’ needs; and supporting the CEO, CIO and Investor Relations team in communications with the Partner Funds

Role Responsibilities

• Develop and deliver a robust and efficient manager selection, appointment, monitoring, reporting, retender and transition framework (the “Manager of Managers Process”).
• Support all Investment Directors in the selection and oversight of external managers within their portfolio remit, embedding the Manager of Managers Process across all portfolios.
• Develop a robust decision making framework for the allocation of assets between internal and external portfolios, keeping the framework and current allocations under review.
• Management of the Target Return sub-fund (c£1bn) and of the portfolio of Life Policies (c£7bn).
• Actively support and champion the integration and maintenance of the house view on Responsible Investment and the Risk and Compliance Framework into the investment process and culture of the investment team.
• Participate actively in the Investment Committee, overseeing and advising on investment portfolios, contributing to the investment strategy of the Pool, devising and delivering transparent and repeatable investment processes which meet the investment targets of the Partner Funds.
• Deliver value for money for Partner Funds whilst identifying opportunities to improve the investment capacity, capability and skills of the investment team.
• Be an ambassador for LGPS Central within the investment community, Partner Funds, and with regulators and key stakeholders.
• Provide assurance to the CIO that externally managed portfolios are managed within the parameters set in the Prospectus and the IMA and Company policies.
• Manage risk and compliance in accordance with the Risk and Compliance Framework, and as directed by the CRCO.
• Champion a rigorous culture of high performing, collaborative, research based investing across LGPS Central.
• Line management and personal development of the Manager of Managers and Total Return team.

Key Requirements

• Substantial relevant experience of collaborative investment decision making and portfolio management at a senior level.
• Demonstrates and can articulate manager selection, portfolio construction and investment selection skills.
• Can evaluate performance and risk of investment portfolios objectively.
• Experience of management and oversight of internal and external investment portfolios across multiple asset classes.
• Has managed the selection and oversight of external mandates through procurement, appointment, monitoring, retender and transition.
• Has successfully built, run and developed high performing investment teams.
• CFA or equivalent qualification/ relevant investment experience.
• Has or can meet all the requirements of being a FCA CF 30 approved person.
• High degree of professional ethics, integrity and gravitas.
• Excellent judgement and analytical skills.
• First class interpersonal, people management and communication skills.

As a member of the Investment Committee, you will have the opportunity to influence the investor style and culture of LGPS Central. This will include: working with the CIO to establish a robust decision making framework for the allocation of assets between internal and external portfolios; establishment, oversight and monitoring of all external mandates; ensuring that the size and skill base of the Manager of Managers and Total Return team always meets the Partner Funds’ needs; and supporting the CEO, CIO and Investor Relations team in communications with the Partner Funds.

First class interpersonal, people management and communication skills are essential for this position. The successful candidate will have experience to develop and deliver a robust and efficient manager selection, appointment, monitoring, reporting, retender and transition framework (the “Manager of Managers Process”)

The post holder is expected to have substantial relevant experience of collaborative investment decision making and portfolio management at a senior level. They will hold a CFA or equivalent qualification or have relevant investment experience and can meet all the requirements of being a FCA CF 30 approved person.

If you are interested in applying for this position, please send your CV with a covering letter, demonstrating why you have the skills to perform this role, to Samantha.Woodward@wolverhampton.gov.uk
Closing date: 1 December 2017
Interviews will take place: week commencing 4 December 2017