Insurance Portfolio Manager

Columbia Threadneedle Investments
London, United Kingdom
06 May 2022
02 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Columbia Threadneedle Investments

You'll find the promise we make to our clients is the same one we make to our employees: Your success is our priority.

Here, you'll find growth and career opportunities across all our businesses. We're intentionally built to help you succeed. Our reach is expansive with a global team of 2,000 people working together. Our expertise is diverse with more than 450 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies and we have the capability to build tailored solutions matched to clients' specific requirements.

Columbia Threadneedle is a people business and we recognise that our success is due to our talented and dedicated people, who bring diversity of thought, complementary skills and capabilities. We are committed to providing an inclusive work environment that supports the diversity of our employees and reflects our broader communities and client-base. We encourage applications from returners to the industry.

We appreciate that work-life balance is an important factor for many when considering their next move so please discuss any flexible working requirements directly with your recruiter.

Job Purpose Statement

The role is to support portfolio management of the firm's strategic insurance assets. This includes management of the buy & maintain annuity portfolio; executing weekly instruction(s), conducting credit stability monitoring, while complying with their regulatory capital and matching adjustment requirements.

Role Responsibilities

1. Insurance Buy and Maintain Portfolio Management
  • Managing Sterling Matching Adjustment portfolios
  • Managing client requirements including bond eligibility, ESG integration and managing GBP into cross-currency positions (eg, USD, EUR markets)
  • Minimising credit rating migration risk, experience of managing portfolios under WARP criteria
  • Managing portfolios to optimise for capital budgets and/or cash flow matching constraints
  • Knowledge of appropriate derivatives for the efficient management of Insurance Buy & Maintain portfolios
  • Knowledge of private placement credit markets useful, but not essential
2. Insurance Active Portfolio Management
  • Experience of delivering strong risk adjusted relative returns within client constraints
  • Actively managing duration, credit beta, industry and issuer risk within constraints
  • Downside risk management
3. Insurance Regulatory Environment & Solutions
  • Understanding insurance regulation, Solvency II etc.
  • Understanding insurance client capital optimisation models
  • Working with Solutions and Insurance client relationship team on structuring and execution of asset allocation solutions
4. Contribution to client presentations

5. Contribution to desk market views
  • Market direction, credit strategy documents
  • Analyst debate and challenge

Key Capabilities

  • Experience managing GBP buy and maintain annuity portfolios, familiarity of bond eligibility and matching adjustment criteria
  • Experience of managing portfolios to optimise for capital budgets or cash flow matching constraints
  • Knowledge of GBP credits and sectors
NB: the ideal candidate will have approximately 5-7years experience and will be able to demonstrate above requirements in relation to Sterling credit markets. Candidates demonstrating all the above in relation to US Dollar / Euro credit markets will also be considered, but the immediate portfolio management requirement predominantly relates to Sterling Investment Grade markets and a UK client bas

Desired Capabilities

1. Non-organic growth opportunities
Due diligence
Transition / portfolio take-on work
Writing/reviewing appropriate fund mandates / restrictions / benchmarks

2. Contribution to other actively managed strategies across a growing and successful IG desk
Global IG, Euro IG, Sterling IG, Pension CF matching, Multi-Asset Credit, Absolute Return

Other skills
Demonstration of strong client relationship skills
Demonstration of strong team working skills
People management
Business development
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