ETF Portfolio Manager (m|f|x) London

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Asset Management is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Job Description

We’re looking to hire an ETF Portfolio Manager to join L&G Asset Management!

In this pivotal role you’ll be responsible for day to day investment management duties of the ETFs, ensuring all ETFs perform in line with their investment objectives. You’ll maintain compliance with UCITS and regulatory standards, and drive the development of portfolio management and operational processes. You’ll also play a key role in analysing and monitoring risk, tracking and exposures of physical funds and providing ETF Capital Markets, Sales, and Distribution team support where required

Tasks

• Portfolio management of physical ETFs
• Monitoring exposures, tracking and risk of physical ETFs
• Monitoring Fund performance, NAV reconciliation and attribution
• Preparing rebalances calculations and providing index change analysis
• Trading underlying physical equity execute orders and liaise with brokers
• Ensuring appropriate trade execution and settlements with Authorized Participants
• Building bespoke tools for portfolio management, including daily analysis, risk monitoring, order execution. Improving existing solutions with aims to increase reliability and scalability in response to demands of the growing platform
• Providing ad hoc support to Sales and answer specific client queries with regards to Portfolio Management. Assisting Sales with RFPs and providing fund specific data and commentary where required
• Liaising with Investment Operations to ensure ETF specific data is accurate and available to stakeholders including oversight of the factsheet approval process while this is not fully integrated into the existing L&G infrastructure

Profile / Your qualification / Your personality

• Educated to degree level, Further qualifications (IMC,CFA,CAIA) advantageous
• Advanced Excel user (VBA preferred) and knowledge of Bloomberg
• Previous experience in managing physical equity portfolios
• An understanding of how indices work and are calculated
• An understanding of how ETFs are traded across the primary/secondary market
• An understanding of ETF's and the various replication models by which they carry out their investment objective from synthetic to physical replication
• An understanding of UCITS regulations and guidance notes with respect to the management of the assets of ETF funds

That awaits you

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

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Location

1 Coleman Street, UK-EC2R 5AA London