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Portfolio Manager

senior · Retail & Commercial Banking

Job Description

Purpose of the role

To generate returns, manage risk, and ensure the portfolio’s financial stability and long-term success. 

Accountabilities

• Allocation and monitoring of securities within a portfolio, aligned to the banks risk tolerance to framework and changing market conditions, investment objectives and regulatory requirements, utilising specialist software and data analytics tools, to enhance the portfolio management efficiency and effectiveness.
• Execution of research and analysis on various securities (equity, bond, funds) to identify profitable investment opportunities, aligned to the banks risk tolerance.
• Communication of the banks investment philosophy, decision making and investment selection to Clients and other key stakeholders such as Relationship Managers and Investment Advisors.
• Performance monitoring against benchmarks and objectives, analysing risk metrics, and creation of reports for senior colleagues and internal stakeholders.
• Implementation of risk management strategies to identify, assess, and mitigate potential financial risks associated with the portfolio, such as market fluctuations, credit risk, and liquidity risk.
• Conducting of simulations to assess the portfolio's resilience to different market scenarios and economic downturns, identification of potential vulnerabilities and informing on risk mitigation strategies, and communicate key findings to senior executives and board members.
• Monitoring of economic data, industry news, and geopolitical events to anticipate potential impacts on the portfolio and adjust strategies accordingly.
• Research of emerging asset classes, innovative investment strategies, and alternative investments to potentially enhance portfolio returns.
• Stakeholder management of investment banks, market makers, and other external partners as needed for portfolio transactions and information gathering.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us as a Portfolio Manager in our Private Bank and Wealth Management team in Jersey.

A Discretionary Portfolio Manager (DPM) is central to delivering a great client experience by providing first-class service, managing investment portfolios and contributing to the overall investment process. DPMs act as stewards for our clients and our business, operating with fiduciary responsibility and a focus on building lasting discretionary relationships.

The role holder will be an active participant in the Private Bank Global Investment Committee (main investment decision making forum) and will contribute to the wider investment forums supporting all DPM models. They will be an active and collaborative contributor and promote our investment culture.

Portfolio Managers manage a book of client portfolios and ensure the timely execution of investment decisions to generate strong risk-adjusted returns that meet clients’ expectations and goals. PMs are expected to work within established tolerances and personal authorisations based on business procedures, and to escalate breaches of policies/procedures appropriately.

Essential Skills/Basic Qualifications:

• Level 4 qualification, such as the Investment Management Certificate; CFA would be an advantage for this role.
• Previous experience managing a book of portfolios within established tolerances and personal authorisations based on business procedures, escalate breaches of policies/procedures appropriately, and support their closure.
• Comfortable in a client-facing role, with the ability to present and explain portfolio performance, attribution, asset allocation and activity to clients and bankers.
• Keen interest in investment markets across asset classes, with the ability to contribute to the Private Bank Global Investment Committee.
• Drive to support the continued success and stability of the Jersey Private Bank DPM platform.
• Understanding of current and forthcoming regulatory and compliance requirements impacting the Private Banking business.
• Duty of care with respect to Barclays’ obligations and responsibilities under local and national regulators, relevant Group Policies and business controls.
• The right candidate will be educated to degree level, or hold a professional equivalent.

Desirable skills/Preferred Qualifications:

• Additional professional qualifications relevant to investment management.
• Existing experience with managing a book of client relationships
• Extensive market and investment knowledge

 You may be assessed on the key critical skills relevant for success in role such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.