Pension funds, as long-term asset owners, play a key role at the top of the investment value chain through defining asset allocation, as well as selecting assets and external managers. Local Pensions Partnership (LPP) manages the investments of local government pension schemes (LGPS); it was formed in 2016 and has quickly grown to £16 billion in assets under management.
Local Pensions Partnership (LPP) Investment Trainee Programme will offer a paid year-long placement for graduates and those seeking their first role in the investment industry. We are looking for a highly motivated individual to join our +30-strong investment team working across traditional and alternative asset classes. Our Trainee will gain industry experience whilst enjoying the development opportunities offered to all LPP employees through our Training & Development Framework.
Trainees will be a flexible resource supporting investment activities within three of our investment-related teams which you will rotate throughout the year depending on business need. The starting point will be the Investment Strategy team, headed by the Deputy CIO and works closely with all of the Heads of LPP’s asset class teams.
Responsibilities to include:
- Developing technical skills and knowledge in relation to current placement
- Carrying out tasks and responsibilities with accuracy and efficiency, demonstrating high levels of productivity and attention to detail.
- Gaining knowledge of systems and processes through application on the job
- Frequent attendance at business meetings, not limited to the meetings required as part of the placement.
- Participating in business debate, not only following but understanding direction and carrying out tasks in a business context.
- Participation in wider industry experiences, such as external briefings on industry matters (regulation, risk, and financial instruments) business line specific events with peers and subject matter experts.
- Establishing a diverse and broad network across the business relevant to the current placement but also more broadly.
- Developing confidence and skill in building relationships; being approachable, flexible and displaying high levels of interest and engagement.
While the role has a focus on contributing to existing investment processes, the successful candidate will have an opportunity to shape the remit to their own strengths and background.
Applicants should be committed to LPP’s values and will be expected to demonstrate the following essential skills:
- Demonstrable interest in working within the investment industry
- Capability to perform research and analysis, and present clear and actionable summaries of their findings
- Ability to develop trust in relationships with stakeholders, including portfolio managers and investee company management
- Ability to work within a team, as well as being adaptable and flexible
- Ability to use own initiative to manage priorities and deliver to a consistent standard of excellence
- Strong written communication skills and ability to communicate orally in a clear and concise manner
- Proficiency in MS office suite
- Some work experience is ideal, particularly within Financial Services
Candidates who wish to be considered for a part-time role should clearly indicate that in their cover letter, along with whether and when they anticipated to be able to transition to full-time.