The individual will work closely with all areas of the investment desk, comprising Portfolio Managers, Research Analysts, Traders and fellow Portfolio Analysts.
Portfolio Construction and Surveillance
Conduct detailed daily reviews of portfolio exposures to ensure consistency and appropriateness.
Ensure investment guidelines and operational compliance for assigned client accounts.
Escalate issues in a timely and appropriate way and work to resolve them as required.
Utilise portfolio management tools, including proprietary trading platforms and Bloomberg on a daily basis.
Assist in the preparation of trades for daily maintenance purposes, correction of guideline breaches, hedge rolls, account transitions and strategic moves.
Liaise with compliance to resolve pre- and post-trade issues.
Markets and Strategy
Attend internal investment meetings and develop knowledge and understanding of investment thinking, strategies and positioning across the firm.
Provide market colour, research and analysis to Portfolio Managers and other colleagues as required.
Propose trades to exploit cross-currency valuation discrepancies and curve opportunities, etc.
Client Related Requests
Prepare information for portfolio managers for client presentations.
Answer diverse client requests, both ad-hoc and recurring.
Ensure full awareness of client cash-flows and account transition activity.
Provide additional checks and balances to ensure instructions communicated correctly and rebalancing transacted accurately.
Actively suggest process improvements to increase efficiency and reduce errors.
Specify IT requests to enhance systems and reporting.
Test new system versions and functionality.
Educated to at least Bachelor's degree level or equivalent.
IMC mandatory or in progress.
Demonstrated knowledge of Fixed Income markets especially credit.
Knowledge of Bloomberg.
Develop in-depth understanding of various portfolio styles and their guideline latitudes.
Awareness and understanding of key risk factors and metrics within actively managed portfolios.
At least intermediate skills in MS Excel, including VBA and macros.
Solid communication skills, both written and oral.
3-5 years’ relevant experience, with significant focus on Fixed Income products.
Familiarity with IG, High Yield, Foreign Exchange and Derivative instruments desirable.
Previous trading experience desirable.
The job holder must develop a deep understanding of financial markets and contribute to research and trade ideas while forming close relationships with sell-side personnel.
Career progression is open and includes, but is not limited to, Portfolio Management, Research or Trading.
Continuing Professional Development
The job holder must satisfy the FCA’s fit and proper test (FIT) for approved persons and specified significant harm functions as it applies to his/her:
- Honesty, integrity and reputation.
- Competence and capability.
- Financial soundness.
The FCA has defined a minimum standard for the assessment of knowledge and competence of all employees providing a controlled function role. This is specified as a maximum of four years and a minimum of six months in which to obtain the minimum required competence and experience standards.
As an approved person performing controlled functions, the employee must at all times be fit and proper to perform those associated with this position in accordance with the FCA’s FIT rules (“FIT 1.3”), and is required to sign a quarterly acknowledgement of this.
The job holder must complete:
- Introductory and on-going Western Asset mandatory training modules including those relating to conduct rules, anti-corruption, incident escalation and compliance; and
- A minimum of 40 hours of professional development each year including general reading e.g. technical journals.