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Head of Investments

Employer
City of Wolverhampton Council
Location
Mander House, Wolverhampton
Salary
69012 - 79026
Closing date
7 Jun 2019
Reference
WLV000002548

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Sector
Local Councils
Job Type
Finance
Contract Type
Full time permanent
Working Pattern
Standard
Hours
Full-Time
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Job Details


Opportunity to Lead Investments at one of the UK’s largest Pension Funds, broaden your horizons and make a real difference

This is a rare opportunity to join one of the largest and most progressive pension funds in the UK at an exciting time in its development. It’s no secret that leading an investment function is demanding, requiring a range of skills across most finance and investment disciplines but it is also one of the most interesting and rewarding career move, providing an opportunity to excel and truly stand out and deliver excellence through application of your expertise and collaborative leadership.

The West Midlands Pension Fund provides Local Government Pension Scheme services to over 320,000 members and more than 670 employers across the West Midlands region. It is one of the largest Local Government Pension Funds in England and Wales, employing 145 FTE members of staff and as at 31 March 2019, the Fund was valued at close to £16 billion.

As Fund assets grow and our approach to implementing investment strategy continues to evolve, our investment team is expanding - we are seeking a Head of Investments to take up a new and unique role, working across the Fund asset base, from developing strategy and policy to overseeing implementation. West Midlands Pension Fund is determined to produce world class investment performance with managed risk including engaging and investing within a responsible investment framework. We invite you to be part of an industry leader on cost transparency and approach to responsible investment.

You will have the appetite and desire to influence both within and outside of the organisation. You will grow to be a trusted and respected leader in your field with an ambitious and aspirational drive to deliver and demonstrate outstanding results, especially to those who underwrite the Fund. You will have the opportunity to work with a wide range of senior industry professionals, lead a small and developing team and shape services and products developed by our jointly owned investment management company, LGPS Central Ltd.

You will lead a partnership approach to delivery, focused on being “best in class” in all that we do. We do not expect candidates to be an expert in all areas of skill that are needed for this role and that is why you will work closely with the Director of Pensions and Assistant Director, Investments and Finance together with our partners in an open and collaborative environment.

The areas of work covered include:

- Input to strategic asset allocation, informed by investment knowledge, portfolio positioning, integrating responsible investment principles; an appreciation of pension liabilities and a knowledge of macro-economic theory, conscious of history and potential future scenarios;

- Managing and overseeing a range of asset classes, including: UK, Global, Emerging Market, active and passive listed equity; portfolio of private equity; direct and indirect infrastructure investments; direct and indirect property; insurance linked securities; debt including bonds, gilts, treasuries, multi-asset credit and emerging market debt;

- Lead Internal Investment team and reporting to Pensions Committee, and other investment governance committees;

- Manage a team of 10 covering all aspects of investment management and investment finance including cost transparency and reporting

- Day to day implementation of investment decisions, risk management and cashflow projection and monitoring

- Assume responsibility for a number of complex asset classes and provide support, guidance and mentoring to others on the investment team

You’ll be financially astute, tenacious and politically sensitive, you’ll have the credibility and communication skills to excel with our workforce and partners, to ensure that all West Midlands authorities are able to benefit from your contribution to the Fund.

If you have a track record of achievement and innovative working in investment management or consultancy inside or outside the public sector and are interesting to taking the opportunity to move to a new and developing in-house role, we look forward to hearing from you.

If you would like an informal and confidential conversation with a senior officer of the Fund, please email your name, brief outline of your current role and experience together with contact details to WMPFRecruitment@wolverhampton.gov.uk and we will be in touch.

Interviews will be taking place on 18th June 2019

Supporting documents
Job Description and Personal Specification

Company

Bingley Hub

From Monday 11th December 2023 an exciting change is happening for us as an organisation - we are implementing a new system which will improve your candidate experience! To access your candidate portal for our new system, head to https://wolverhampton.wm-jobs.co.uk/members/.

If you already have an application in progress with us before the new year, don’t worry, this will continue as it normally would and there will be no impact on your application or the process. More information on our new and improved system can be found on the WMJobs help pages! 

City of Wolverhampton

There’s never been a better time to join the award winning City of Wolverhampton Council to further your career. We are a progressive and future facing organisation, and passionate about making our city better for all who live, work and travel here.

We are an ambitious organisation focused on delivering the best services for people in Wolverhampton; working for us gives you the opportunity to make a difference to their lives.

Our continual drive for improvement led to us winning APSE Overall Council of the Year Service Delivery Award, also achieving Annual Service Award Finalists for our services in Waste and Recycling; Public Protection; Best Housing Regeneration and Homelessness multi-agency work, showing that the City of Wolverhampton Council is truly an organisation striving for daily excellence in all we do.

Equal Opportunities

The City of Wolverhampton Council employs over 5,000 people in more than 600 different trades and professions. We are committed to representing Wolverhampton’s diverse community and therefore strongly encourage applications from all applicants meeting the essential criteria.  The council operate a guaranteed interview policy for veterans who have served in the military, those who have previously been under our care and are under the age of 25 and disabled candidates, where it is evidenced that the essential criteria of the post is met.

A Great City to Live and Work

The city has seen rapid developments with major projects like the i54, Way Youth Zone and i10 and more exciting developments are planned for the westside of the city. The leisure-led mixed user scheme includes a multi-screen cinema, restaurants, bars, hotel, multi-storey car park and apartments, all accessible by foot from our city centre.

We benefit from being in a prime location, with excellent transport links at the heart of the UK’s high speed rail and motorway networks, making us an employer of choice for people across the West Midlands.

Wolverhampton is rated as one of the top cities in the UK for families. Almost 90 per cent of the city’s primary and secondary schools are rated as ‘good’ or ‘outstanding’ by Ofsted. The City also offers a wide range of family friendly facilities with stunning parks and green spaces and top entertainment attractions such as Wolverhampton Art Gallery, the Civic and Wulfrun Halls and the Grand Theatre all of which attract top acts such as Jimmy Carr, Gary Barlow, World Darts Competition, upcoming bands and West End productions.

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Why Work for City of Wolverhampton Council?

We invest heavily in skills and training for our employees; you will develop and grow with us through your time, benefiting from regular professional development conversations, and varied training opportunities.

We offer a wide range of benefits including competitive salaries that progress within different grades for the variety of jobs on offer. The majority of our positions offer a generous annual leave entitlement of 25 days - this increases with length of service. There is also an added option to buy up to 10 days additional leave in each leave year. New entrants also benefit from 8 days bank holiday entitlement (basic leave entitlement of 33 days).

The council offers an excellent Local Government Pension Scheme (LGPS) with employee and employer contributions based on salary grades and other benefits including:

  • Index linked pension
  • Option to convert your pension for tax-free cash when you retire
  • Retirement on the grounds of ill-health at any age.

The council also offers a wide range of flexible working options to fit in around your commitments including:

  • Flexi-time
  • Reduced hours working
  • Job share
  • Homeworking
  • Term time only

Other rewards

  • Discounted city parking at a number of sites with reduced charges for blue badge holders
  • Annual Travel Card Scheme
  • Salary Sacrifice scheme for cars - with a wide range of ‘green’ vehicles, cycles and associated equipment, personal IT equipment and smartphones
  • Retail, leisure, legal and ethical savings and loans through our competitive rewards portal

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Company info
Website
Telephone
01902 552345
Location
City of Wolverhampton Council
Civic Centre
St. Peter's Square
 Wolverhampton
West Midlands
WV1 1HE
United Kingdom
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