Trainee Portfolio Manager London (GB)

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Brief Role Objective

To provide tailored investment support to a diverse book of clients as part of a Portfolio Management Team that works with a combined pool of assets growing towards nearly £2 billion invested across a range of Bespoke mandates. Working closely with two Senior Investment Managers / Partners, the role involves learning about every aspect of the strategies that they employ, preparing proposal documents, enshrining the agreed approach in an appropriately tailored policy statement, implementing that agreed strategy and then monitoring and developing it across time. Due to the breadth and sophistication of the client base, this is a fast paced environment where attention to detail and the ability to consider and retain large volumes of client specific information is critical.

Key Responsibilities:

• Prepare presentations and Investment Proposals tailored to individual client requirements;
• Prepare narrative and detailed Investment Policy Statements, that ensure a shared understanding between clients and ourselves of the strategy to be employed and the constraints and requirements of each mandate
• Maintain the models of the allocated IM / Partners
• Build large block trades to implement the investment decisions of IM / Partners across the client book;
• Remodel transferred in portfolios to their preferred investment approach;
• Monitor portfolio content, risk levels and performance for Investment Managers
• Prepare portfolio reviews as required for client meetings
• Handle investment related queries and ad-hoc reporting requirements
• Provide analytics for the IM / Partners, including performance, risk analysis;
• Process suitability assessment requirements and non-standard application process for offshore funds used by the IM /Partners
• Assist other members of their team as required for load balancing and cover etc
• Attend manager meetings and develop expertise in all of the underlying strategies used by those IM / Partners providing relevant updates to them
• Remain abreast of all relevant developments in the financial services industry and any regulatory changes which may affect the team.
• Complete outside reading to supplement investment knowledge and contribute ideas and perspective to team investment debate

Technical Requirements:

• Advanced level of numeracy must be evidenced along with expertise in Microsoft Excel (to macro- but not programming- standard). Additional computing skills an advantage.
• Report writing requirement is detailed and frequently complex therefore an excellent standard of written English is required along with very high levels of accuracy
• Previous experience in Front Office environment is beneficial but not essential as full training is provided
• Level 4 CISI Investment Advice Diploma is required for this role and so must be either held or prepared to study for on a fast-track basis
• Undertakes sufficient professional development for the role including CPD (log to be maintained)

Other skills, competencies and attributes:

• Takes initiative for their own work within an understanding of framework of scope and authority
• Self-starter and team player
• Keen to learn quickly
• Acts at all times in a professional manner
• Deals with all matters promptly, professionally and effectively without being reminded
• Conducts role in accordance with LGT’s procedures, within individual authorisation levels and in a compliant manner
• Readily assists the team and the Firm in achieving its objectives
• Undertakes other tasks or specific project work as and when requested by the Investment Managers
• Makes effective use of time in order to carry out tasks to the appropriate standard
• Adhere to all company-wide policies, procedures and compliance requirements