Job Description: TfL Pension Fund (the “Fund”) is a final salary scheme with net assets in excess of £13.5 billion and over 85,000 members. The Fund continues to be open to new members. It runs a highly sophisticated and diversified investment strategy and risk management systems. Its strategic allocation targets are 40% in equities, 35% in alternatives and the rest in bonds. There is also an overlay hedging programme covering rates, inflation, FX, and equities. The Fund invests globally, including in emerging market assets. Alternatives portfolio is quite extensive with allocations to hedge funds, private equity and credit, infrastructure, real estate and commodities. The Fund endeavours to continuously improve, build and innovate to deliver market leading initiatives and tools around portfolio construction, performance analysis, reporting, risk management and ESG. It recently announced very ambitious Net Zero Targets. Job Responsibilities: Ensuring the regulatory, compliance and governance aspects of investment acquisition, holding and disposal are complete, documented and undertaken on a timely basis. Build, maintain and improve a range of complex in-house and external models to capture the performance and risk of individual investments, liabilities and overall portfolio to enhance investment strategy decision-making and risk management. Monitoring and analysis of information from investment managers, custodian and independent performance monitor to ensure its accuracy, consistency, timeliness and meeting Trustee and Fund reporting requirements. Undertaking research and due diligence activities for new investment opportunities in equities, fixed income and alternatives space and presenting results and recommendations to support strategic and tactical investment decisions. Support the Fund’s Environmental, Social and Governance (“ESG”) initiatives in its investments, reporting, engagement and compliance area. Developing effective relationships with the external and internal service providers of the Fund’s investment related and associated accounting activities. Draft Trustee meeting papers and be able to communicate effectively with a range of stakeholders. Job Requirements: Strong communication skills and ability to present complex financial ideas and structures in an easy-to-understand fashion. (essential) Exposure to investment manager selection process (essential) Ability to quickly review and analyse disconnected pieces of financial information, facts, figures and reports and turn it into a coherent piece of action for the Trustees (essential) Educated to minimum post graduate level, with specialisation in Finance, Economics or MBA; or recognised investment qualification such as CFA (charter holder/candidate) or similar qualification. Preference for CFA qualified ideally or those on track. (essential) Very advanced Excel modelling skills and experience of pricing and testing complex investment structures. (essential) Job Details: Company: TFL Vacancy Type: Full Time Job Location: Hayes, GB Application Deadline: N/A Apply Here vacanciesforyou.net
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