We are seeking a Portfolio Construction Associate within LDI Funds that will have a joint focus on Derivative Overlay and LDI mandates.

This is a role within the Portfolio Construction area of LDI Funds with a joint focus on Derivative Overlay and LDI mandates.

The role’s focus will be on supporting senior members of the team in the structuring and ongoing management of Derivative Overlay and LDI mandates. The mandates use a range of derivatives across asset classes (equity and rates) together with physical assets to meet our clients’ strategic risk management needs.

The job holder will work on a number of client mandates involving day-to-day monitoring and management of the funds, as well as constructing strategies incorporating client objectives and market opportunities.

The role will also involve further development of product offerings within the LDI Funds team, and proactively looking to implement the required changes and processes. As a result, the role will involve working closely with other Portfolio Construction team members and the Quantitative Modelling & Analytics team.

• Previous experience in structuring/managing derivative-based solutions, either in an asset manager, bank or specialised team within a consultancy
• Knowledge of the following instruments and markets:
  • Equity derivatives including futures, TRS and options
  • Interest rate and inflation derivatives including swaps, swaptions and bond futures
  • Government bonds and repos
• Familiarity with the LDI market and recent trends in risk management solutions for pension schemes.
• Familiarity with option pricing models.
• Basic knowledge of the framework for the trading of OTC and exchange-traded derivatives, including collateralisation and margining process, legal documentation and regulatory developments such as EMIR.
• Strong analytical skills with a high level of attention to detail.
• Self-motivated, able to take responsibilities and initiatives.

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, at least 22 days’ (with potential to rise to 25 days) holiday, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.