Senior Asset Allocation Strategist

Recruiter
Laz Partners
Location
London, United Kingdom
Salary
£80,000-£110,000 base + 30%-50% bonus
Posted
31 May 2019
Closes
18 Jun 2019
Ref
5929633
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
As a Senior Asset Allocation Strategist, you would be reporting directly to the Head of Research and would be responsible for driving the firm's Asset Allocation strategy and macro views. Essentially, you would be the go-to macro & asset allocation person for the research team and for the firm, which makes this quite an important and influential role. There would be no direct reporting lines, however this person would have resources at their disposal (such as the quant team) to help with tasks such as building models etc. There would also be the opportunity to mentor younger members of the team

Some key aspects of the role will include:
  • Taking ownership of the firm's monthly Asset Allocation overview. The report is expected to be quite thorough and to highlight updated AA recommendations across Fixed Income, Regional Equities, Cash, and Alternatives. There is a monthly deadline to work towards and this is one of the most important elements of this role.
  • Identifying where we are in the business cycle, as well as key inflection points in the markets and communicating these to the PMs/Research Team and explaining the expected implications on Asset Allocation & client portfolios
    • Examples:
      • "We should add exposure to Japanese Equities in client portfolios because Japanese PMI has fallen to 43."
      • "We should be turning more cautious on UK Equities for the following reasons..."
  • Play a key role in the firm's monthly Asset Allocation committee
  • Play a leading role in the daily morning briefing, which is typically listened to by various PMs and people across the firm. The ideal candidate would be expected to comment on any key market developments (and potential impact on client portfolios) that clients should be made aware, as this will allow the PMs to relay the message to clients. This meeting is typically short (10 mins), and it would be expected that whoever is speaking can make the call interesting, concise, and enjoyable (as opposed to boring and monotone), and therefore personality and enthusiasm is important.
  • Occasionally taking part in client presentations or media appearances.
  • Participate in the investment strategy group
  • Identify opportunities in currencies, regional equities, fixed income and commodity markets on a twelve-month time horizon, which can be implemented through a vanilla toolset of direct securities, collective securities, and structured investments
  • Respond to an hoc asset allocation queries

Requirements:
  • Strong macro background and understanding of economics + key drivers of asset class performance
  • A good understanding of Asset Allocation across various investment time horizons (eg. tactical vs strategic) and the ability to formulate an asset allocation view based on market fundamentals. These time horizons will typically be more long-term, given the private client base of the firm.
  • At least 5+ years working as a strategist, with extensive experience working with Asset Allocation
  • CFA, IMC or similar qualification (strongly preferred)
  • Degree in Economics or similar subject (strongly preferred)
  • The ability to highlight the degree of conviction in market views, as well as potential risks to the view, therefore resulting in increased odds of being accurate (the wrong candidate would be someone who states a view with high conviction and believes they are right in their view without presenting all possible risks and alternative scenarios).


Key Selling Points:
  • Working at one of the leading private wealth managers in the Uk
  • A lot of responsibility, as this hire would be responsible for the firm's Asset Allocation & Macro views - this role would be a good step up for someone currently focused on Asset Allocation research, however who wants to move into a more senior role with more responsibility
  • The opportunity to have a direct and measurable impact on multiple billion £AUM worth of client assets
  • A well-resourced research team (and quant team) that can assist with various projects (such as building models etc)
  • A collegial, diverse, team-driven working environment and very nice colleagues

Similar jobs

Similar jobs