Senior Portfolio Manager - Hedging

Join LGPS Central at a pivotal moment, where investment meets long-term impact.

This role is based in Wolverhampton and will play a key part in developing and delivering LGPS Central’s hedging investment solutions in support of the government’s Fit for the Future agenda.

The postholder will work closely with the Head of Alternatives & Hedging Solutions to build, implement and manage hedging portfolio solutions that meet the needs of Partner Funds and wider stakeholders. This will include responsibility for research, portfolio construction, manager selection, oversight and ongoing monitoring, while ensuring that portfolios are managed in line with LGPS Central’s investment, responsible investment, risk and compliance frameworks.

As a senior member of the team, the postholder will also help shape the development of the function, contribute to a strong investment culture, and represent LGPS Central credibly with Partner Funds, managers and other key stakeholders.

This role is a certified role under the Senior Manager’s Certification Regime and will be subject to assessments in Fitness and Propriety and any other regulatory requirements.

• Work with the Head of Alternatives & Hedging Solutions on the development and implementation of hedging investment solutions
• Support the design of solutions that meet Partner Fund requirements, government expectations and relevant legislative or regulatory requirements
• Build and manage multi-manager hedging portfolio solutions
• Contribute strategic views and implement investment decisions within agreed mandates and governance parameters
• Lead or support strategy research, manager selection, portfolio construction and ongoing portfolio monitoring
• Ensure portfolios are managed within agreed objectives, limits and risk parameters

• Deliver a transparent, auditable and repeatable investment process for hedging solutions
• Source and assess appropriate investment opportunities and external managers
• Oversee and monitor managers and portfolio holdings on an ongoing basis
• Evaluate portfolio performance, risk, implementation and outcomes, and escalation issues where appropriate
• Help ensure that reporting for hedging solutions meets the needs of Partner Funds and internal stakeholders

• Embed and monitor risk and compliance requirements in line with the Company’s Risk and Compliance Framework
• Support the development and operation of an appropriate first line of defence control framework within the Investment Team
• Ensure investment activity is delivered in line with internal policies, governance standards and delegated authority arrangements
• Integrate LGPS Central’s responsible investment approach into the investment process and culture, including consideration of ESG risks and stewardship‑related factors where relevant

• Deputise for the Head of Alternatives & Hedging Solutions when required, including at Investment Committee, client meetings and committee presentations
• Assist with recruitment and the ongoing development of team capability as the function grows
• Line manage and support analysts where applicable, helping to build a high‑performing and collaborative team culture
• Champion a rigorous, research‑based and accountable investment culture across LGPS Central
• Take responsibility for projects delegated by the Investment Directors and ensure they are appropriately resourced and delivered on time and to budget

• Build strong and credible relationships with Partner Funds, colleagues, managers and other external stakeholders
• Act as an ambassador for LGPS Central within the investment community and with relevant stakeholders
• Present clearly and confidently on portfolio matters, strategy and performance where required

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for fourteen local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £100bn+ of their assets. It is one of six Local Government Pension Scheme…