JOB DESCRIPTION:

BP Pension Trustees Limited (‘the Trustee’) is the corporate trustee company that manages the UK BP Defined Benefit Pension Fund. The Fund is one of the largest private sector pension schemes in the UK and has a leading-edge investment and administration management capability on behalf of its members.
The CIO Team (“CIOT”) forms part of the Trustee Executive team. The team supports the Trustee and its primary function is to develop the investment strategy and monitor the Fund’s assets on behalf of the Trustee.
Part of the CIOT, the Multi-Manager Analyst – Hedging role (“the tole”) sits within the Multi-Manager Team. The role reports into the Head of Multi-Manager.
The Multi-Manager Team is responsible for translating the Fund’s investment strategy into an implementable investment strategy which involves the allocation of assets to both internal and external investment managers. The team is responsible for selecting, monitoring, and managing the multi-asset, multi-manager investments.
We are looking for an individual with prior relevant experience to work in an exciting environment, open and inclusive culture with emphasis on strong teamwork with the highest degree of integrity to work on developing strategic solutions to meet the needs of our members.
Hedging is a strategically important activity of the Fund which includes the management and monitoring of the Fund’s interest rate and inflation hedging programme as specified and directed by the Fund’s Investment Strategist.

SKILLS:

Acquisitions and divestments, Acquisitions and divestments, Analysis and modelling, Asset and project finance, Commercial Acumen, Commercial performance management, Communication, Corporate Finance, Data visualization and interpretation, Deal modelling and valuation, Deal structuring, Decision Making, Economic evaluation methodology, Economic modelling, Environment, Financial Analysis, Financial Modelling, Financial Reporting, Group Problem Solving, Influencing, Investment appraisal, Joint Venture Structuring, Management Reporting, Market Analysis, Pension Funds {+ 3 more}

LDI rebalancing process – oversee LDI benchmark construction process, hedging portfolio design, and efficient implementation.
Responsibility for monitoring the external LDI manager(s).
Monitoring the derivatives/repo programme and establishing liquidity solutions.
Project work where the Fund’s hedging activities are relevant.
Supporting role in the monitoring of other external and internal managers used by the Fund.
Role Requirements:
A hedging/LDI professional with good experience in a similar role with a pension fund, asset manager or investment consultant.
Knowledge of physical and derivative based instruments used in LDI strategies.
Industry best practice in the LDI field.
Excellent attention to detail, demonstration of self-motivation, ownership as well as effective team working practices.
Strong verbal and written skills. Highly numerate with an attention to detail.
Ability to coordinate projects and facilitate information flow across different functional areas in a timely manner.
Effective user of investment data, analytics, and risk platforms, such as Bloomberg or Factset, with a strong supporting knowledge of statistics and the interpretation of financial data.
University degree, or equivalent.
The role-holder needs to have a relevant post-graduate or professional qualification, such as MSc, CFA, FIA or equivalent.