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Investments

Deputy Portfolio Manager, Investment Strategy

London

Job Ref
LPPI
Location
London

Local Pensions Partnership (LPP) manages the investments of local government pension schemes (LGPS); it was formed in 2016 and has over £17 billion in assets under management. Its Investment Strategy team, responsible for asset allocation, (macro-economic) research and modelling, has been undergoing significant growth, both in terms of its remit, as well as its resources.

We are looking for a highly motivated individual to join our close-knit, fast-paced team which works closely with pension trustees on one side, and Investment Directors on the other. The Investment Strategy department has direct influence over the proposed top down investment approach, including specific investment recommendations regarding asset allocation, as well as oversight of the asset classes.

Job Purpose

Under general guidance of the Deputy Chief Investment Officer (Deputy CIO), the role will provide leadership in the context of the Investment Strategy team. As a member of the Investment Strategy team, the individual will work to maintain broad oversight of asset allocation, macro-economic research and modelling, ensuring consistency across investment reporting, evaluation of current resources whilst raising areas of concern.

Key Accountabilities/Deliverables

• A key component of this role is the management and development of the Analyst talent pool presently, 1 senior analyst and 2 analysts. This involves in all aspects from recruitment and development to work allocation and planning.

• Working with the Deputy CIO and Supporting the Senior management team to manage and oversee the asset classes.

• Working closely with the Deputy CIO, support the development of the long-term investment strategy and recommend the most appropriate asset allocation to ensure that the investment portfolio meets LPPI’s clients’ long-term investment objectives. Contribute to the oversight of the strategic and tactical asset allocation processes, including reviewing, providing feedback and ensuring a consistent and high standard of the macro-economic analysis, modelling and liquidity/cash flow projections.

• Oversee the monitoring of LPPI’s asset class pools to ensure they remain appropriate for the investment strategy and operate in accordance with relevant agreements. Work closely with Risk and Operations to ensure the smooth exchange of information and identification of synergies where relevant.

• Identify, recommend and implement opportunities to enhance efficiency of the implementation of the investment strategy.

• Contribute to the development of LPPI’s investment strategies, business plans, policies and be accountable for the implementation thereof. Contribute to effective briefings and presentations to the Board and Committee members.

• Manage the Investment Strategy team of analysts by supporting the implementation of the team’s strategy and development of team members. Coordinate the development of strategies to ensure effective resourcing, appropriate infrastructure and successful implementation of investment committee policy.

Knowledge Requirements

• Thorough understanding of the key characteristics, risk and features of different asset classes, as well as valuation principles and market structures.

• Knowledge of asset allocation and portfolio construction within a multi asset context. Knowledge of ALM principals, liability modelling and allocation “flight path” design.

• Modelling capabilities including the use of Bloomberg and other data sources to carry out econometric analysis.


Person Specification

• Exceptional leadership skills, with a proven track record of thinking strategically and driving a team culture that harnesses resources and development.

• Strong investment market literacy, with experience in managing investment portfolios, ideally in the pension fund industry

• Highly effective communication and relationship management skills including personal credibility in delivering strategic information to peers and Executive Committee to facilitate high level decision making.

• Strong numeracy skills, with the ability to analyse, interpret and make recommendations based on complex and conflicting information.

• Demonstrable advanced people management skills with the ability to lead and motivate a team through staff management processes. These include effective performance appraisals and implementing continuing learning and development plans to aid succession planning.

• A proactive, self-motivated team player who has the ability to work independently, set strategy and direction for self and others, and manage a high workload with multiple deadlines ensuring expectations are managed throughout.

• Tertiary qualifications in a relevant financial or analytical discipline.

Function
Investments
Status
Full Time
Type
Permanent


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Investment Operations

Senior Investment Trade Support

London

Job Ref
LPP Investment Operations
Location
London

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £18bn 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 utilized 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.

We currently have an opportunity for a senior investment trade support to join our team. Reporting to the Investment Operations Manager. The job holder will also have a major role to play in all aspects of reporting around fund activities.

As you would expect from a pension organization LPP offer employees access to an excellent pension scheme with up to 12% employer contributions. We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business. This role will be based out of our London or Preston office.

Job Purpose

Reporting to the Investment Operations Manager, the Senior Investment Fund Administrator will assist in managing the fund administration functions.

Key Responsibilities

• Coordinate with external service providers such as Transfer Agency, Custodian and Risk Solutions in general fund administration.

• Broker management, market set-up and corporate action decision management for LPPI funds

• Liaison with external segregated managers providing support in areas such as new market openings when necessary

• Accountability for Trade/contract capture, cashflow processing, position keeping, asset lifecycle management, income processing, asset/contract and cash reconciliations for LPPI products

• Accountability for Trade/position capture, asset lifecycle management, position keeping and reconciliation and cash reconciliations for client schemes

• Accountability for Order placement for Private Assets to include dealing/routing, trade tracking and allocation

• Accountability for Cash Record keeping/reconciliations, cash administration and capital call and distribution administration for private assets

• Coordinate with other members of Finance and Administration team with ad hoc internal or external requests.

• Take a leading role in organising, daily, weekly and monthly reporting process.

• Liaise with internal teams regarding Due Diligence requests, Restricted List maintenance and other ad hoc tasks

• Close liaison with Risk and Compliance ensuring Investments are made within guidelines and report breaches when necessary

• Coordination and implementation of new process in Operations for new products/platforms or changes to existing processes

• Ensure the Investments Operations Manual is updated and maintained as required

• Ensure adherence to internal policies and procedures and maintenance of procedures

Person Specification

Post holder will demonstrate:

• A strong academic track record

• 2 - 3 years at a multi asset investment fund in an administrative role

• Very strong attention to detail, strong numerical skills, and able to multi-task

• Knowledge of multiple asset classes to include but not limited to Equities, Fixed Income, Real estate, credit and Infrastructure debt

• Experience working in the operations team of an asset management firm, private
• hedge fund firm, a custodian, or third-party administrator.

• Excellent MS Word and Excel skills


Reasonable adjustments will be made to working arrangements to accommodate a person with a

Function
Investment Operations
Status
Full Time
Type
Permanent


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HR

Corporate Internal Communications Partner

London

Job Ref
LPP
Location
London

The Local Pensions Partnership is a leading pensions services provider administering the pensions of some 580,000 members and 1,600 employers in public sector pension schemes.

Taking care of people’s journeys up to and into retire¬ment is a huge responsibility and it’s one we take very seriously. As a young, enterprising and considerate business, LPP is building on the outstanding work of our legacy business¬es to deliver a sustainable, consistent and sector-leading pensions services business.

We currently have an opportunity for a Corporate Internal Communications Partner to join our team. Reporting to the HR Director you will focus on delivering effective internal communication strategy.

As you would expect from a pension organisation LPP offer employees access to an excellent pension scheme with 12% employer contributions.

We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business’. This role could be based in Preston, Lancashire, London or there is a possibility it could be home based for the right candidate.

Purpose:

Effectively communicate LPP’s corporate story, objectives and outcomes to LPP employees through the internal communications strategy. Working closely with the HR Internal communications Partner and Marketing to increase employee engagement and ensure employees are talking with ‘one voice’ about LPP.

Key Responsibilities:

• Develop, and execute LPP’s Internal Communications strategy and own the processes and procedures manual keeping it relevant and up to date.

• Implement LPP Intranet strategy through management and maintenance, facilitating content input from content owners, ensuring activities and other engagement elements are up to date.

• Support the implementation of the CEO & Executive Committee internal communication programme developing narrative, announcements and gaining appropriate sign off. Working with Executive Directors and Senior Manager., develop quarterly Strategic Update briefing notes, slides and summary intranet documents for employees.

• Design and implement a monthly strategic message toolkit for senior leaders and all employee news-letter for appropriate cascade and publishing.

• Develop appropriate communications announcing senior appointments and business/industry award wins

• Proactively design and implement a range of internal Corporate events working with the Executive Assistants on logistics support and feedback mechanisms.

• Work with Marketing team to identify and alter external messaging for an internal audience such as a summary of the annual accounts.

• Continually review the internal communication strategy, vehicles and methods, developing proposals for change based from feedback from staff and managers.

• Assist with the design, logistics and feedback of the Senior Managers workshops to ensure appropriate collegiate working and employees are kept updated with developments.

• Work as a team with the HR Internal Communications Partner providing cover and supporting each other in the delivery of the internal Communications agenda.

Person Specification:

• Degree educated, English and/or modern communications preferred. Demonstrable equivalent level of skills and knowledge acquired through experience will be considered.

• Relevant experience gained within an internal communications, HR or similar function ideally supporting senior management communications programmes.

• Highly effective writing skills, including the ability to build collegiate and effective relationships at all levels and highly effective influencing skills.

• Knowledge of effective communication vehicles and how they support a diverse audience.

• Develop a range of tools to support the communications agenda to maximize effectiveness.

• Good working knowledge of the pensions and investment market preferred and ideally a knowledge of both the Public and private sector.

• Highly motivated, self-starter with the ability to prioritize own workload and multi-task.

• Demonstrable evidence of excellent customer service at all levels.

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

Function
HR
Status
Full Time
Type
Permanent


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Employer Risk

Pension Risk Assistant Manager (Employer Risk)

London

Job Ref
LPP
Location
London

Purpose

We currently have an opportunity for an experienced risk professional to join our team. Reporting to the Senior Employer Risk Manager you will focus on delivering a high quality employer risk advisory service to LPP clients and customers with a specific focus on pensions.

Key Responsibilities

• Ensure customers receive focussed and relevant advice and reports developing effective, strong client relationships

• Interpret/analyse complex financial and actuarial data and produce recommendations accordingly

• Interpret and advise on legal issues within a pension’s regulation-based framework

• Manage a small team of staff, underlying systems and processes

• Ensure quality control systems are developed and applied across the team’s remit

Key Accountabilities

• Ensure performance targets are met as set out in client contracts

• Manage, motivate and develop staff to provide high quality analysis and client reports

• Manage complex databases and systems ensuring these are accurate and up to date

• Draft high-quality reports for customers both internal and external, drawing on data and analysis managed/carried out within the team

• Successful delivery of miscellaneous projects, for example valuations, large scale data migrations, ad-hoc pieces of work requested by clients

• Keep abreast of developments within multiple arenas which are relevant to the team’s remit

• Maintain and develop positive working relationships with colleagues and external agencies through regular contact, attendance at meetings, managing expectations etc.

Person Specification

• Excellent communication skills, with ability to build positive relationships

• Excellent numerical, analysis and IT skills

• A full understanding of risk management principles

• Ability to engage with, and influence, senior finance, legal and actuarial professionals

• Experience of working within regulatory frameworks

• Good analytical, logical thinking, and problem-solving skills, including the ability to analyse complex financial data, and propose strategic approaches to complex issues

• Demonstrate positive behaviour, acting as a role model to staff through positive and consistent behaviours and approach in line with LPP strategic values of:
Working together
Committed to excellence
Doing the right thing
Forward thinking

• Ideally degree educated in a numerical subject; a recognised accountancy qualification would be advantageous

• Local government pension knowledge is desirable but not essential

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
Employer Risk
Status
Full Time
Type
Permanent


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Pension Risk Assistant Manager (Employer Risk)

Preston

Job Ref
LPP
Location
Preston

Purpose

We currently have an opportunity for an experienced risk professional to join our team. Reporting to the Senior Employer Risk Manager you will focus on delivering a high quality employer risk advisory service to LPP clients and customers with a specific focus on pensions.

Key Responsibilities

• Ensure customers receive focussed and relevant advice and reports developing effective, strong client relationships

• Interpret/analyse complex financial and actuarial data and produce recommendations accordingly

• Interpret and advise on legal issues within a pension’s regulation-based framework

• Manage a small team of staff, underlying systems and processes

• Ensure quality control systems are developed and applied across the team’s remit

Key Accountabilities

• Ensure performance targets are met as set out in client contracts

• Manage, motivate and develop staff to provide high quality analysis and client reports

• Manage complex databases and systems ensuring these are accurate and up to date

• Draft high-quality reports for customers both internal and external, drawing on data and analysis managed/carried out within the team

• Successful delivery of miscellaneous projects, for example valuations, large scale data migrations, ad-hoc pieces of work requested by clients

• Keep abreast of developments within multiple arenas which are relevant to the team’s remit

• Maintain and develop positive working relationships with colleagues and external agencies through regular contact, attendance at meetings, managing expectations etc.

Person Specification

• Excellent communication skills, with ability to build positive relationships

• Excellent numerical, analysis and IT skills

• A full understanding of risk management principles

• Ability to engage with, and influence, senior finance, legal and actuarial professionals

• Experience of working within regulatory frameworks

• Good analytical, logical thinking, and problem-solving skills, including the ability to analyse complex financial data, and propose strategic approaches to complex issues

• Demonstrate positive behaviour, acting as a role model to staff through positive and consistent behaviours and approach in line with LPP strategic values of:
Working together
Committed to excellence
Doing the right thing
Forward thinking

• Ideally degree educated in a numerical subject; a recognised accountancy qualification would be advantageous

• Local government pension knowledge is desirable but not essential

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
Employer Risk
Status
Full Time
Type
Permanent


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Compliance

Compliance Monitoring Officer

London

Job Ref
LPP
Location
London

The Local Pensions Partnership is a leading pensions services provider administering the pensions of some 580,000 members and 1,600 employers in public sector pension schemes.

Taking care of people’s journeys up to and into retire¬ment is a huge responsibility and it’s one we take very seriously. As a young, enterprising and considerate business, LPP is building on the outstanding work of our legacy business¬es to deliver a sustainable, consistent and sector-leading pensions services business.

We currently have an opportunity for a Compliance Monitoring Officer to join our compliance team. This role will be reporting into the Head of Compliance & MLRO.

As you would expect from a pension organisation LPP offer employees access to an excellent pension scheme with 12% employer contributions.

We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business.


Role Purpose

The Compliance Monitoring Officer will be responsible for undertaking, managing, and recording Compliance Monitoring reviews, while assisting in the development and maintenance of the Compliance Monitoring Plan. Reporting to the Head of Compliance & MLRO, but working closely with the Investment Compliance Officers, the role will support the wider responsibilities of the Compliance team and will be expected to work closely with all areas of the regulated investment business, promoting a positive compliance culture throughout.


Role Responsibilities

• Further develop the Compliance Monitoring framework and methodology, including the processes and procedures to manage the monitoring requirements, and the development and use of specific computerised applications as appropriate;

• Plan and conduct Compliance Monitoring reviews and policy testing in accordance with the Compliance Monitoring Plan to provide assurance over key control effectiveness, Conduct Risk awareness, and adherence to company policies, procedures, and relevant FCA regulations;

• Agree actions with management and present findings in a clear and concise manner;

• Ensure business knowledge, processes and controls are accurately and proportionately assessed against regulatory and internal compliance standards;

• Assist and make recommendations to the Head of Compliance with the ongoing development, maintenance and delivery of a risk-based Compliance Monitoring Plan and regulatory procedures;

• Produce accurate and timely reports in respect of Compliance assurance activity;

• Be an advocate for increasing compliance awareness and work with the Head of Compliance to continually increase awareness across the business.


Knowledge & Competence Requirements

The role holder must be able to demonstrate the following knowledge and competence criteria:

• Previous experience in financial services, ideally in Compliance or Risk (essential)

• Working knowledge of FCA Regulations, in particular SYSC, COLL, FUND (essential)

• Compliance monitoring experience (essential)

• Educated to degree level (desirable)

• Compliance Qualifications e.g. CISI Diploma or equivalent (desirable)

• [Please note this is not a KYC position]


Person Specification

• Highly developed analytical skills and the ability to present reasoned and convincing arguments to support and/or challenge a proposal;

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

• Excellent level of numerical, analytical, ICT, and report writing skills to assist in the communication of key messages and to facilitate discussions and decision making;

• Excellent presentation skills;

• Resilience in the face of challenge from Senior stakeholders;

• Excellent presentation skills;

• Ability to work independently and pro-actively take ownership for own workload;

• Good time management, and attention to detail.

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
Compliance
Status
Full Time
Type
Permanent


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