ETF Portfolio Manager

1h1 hour ago

LegalAndGeneral

London, GB · Full-time · £95,000 – £145,000

About this role

Legal & General is one of Europe's largest asset managers and a major global investor across public and private markets. We are seeking an ETF Portfolio Manager to join L&G Asset Management, taking day-to-day responsibility for the investment management of ETFs and ensuring each fund performs in line with its investment objectives.

In this role you will manage physical equity index portfolios and/or synthetic swap-based portfolios, monitoring exposures, tracking error, and risk. You will be responsible for preparing rebalance calculations, providing index change analysis, and trading underlying physical equities and swaps while liaising with brokers to ensure precise execution and NAV reconciliation.

You will work closely with ETF Capital Markets, Sales, and Distribution teams, providing ad hoc support for client queries, RFPs, and fund-specific commentary. The environment is collaborative, with a focus on developing robust portfolio management and operational processes that scale with the growing ETF platform.

This position offers the opportunity to shape portfolio management tools and processes at a leading global investor. L&G's investment philosophy creates long-term value by incorporating financially material sustainability criteria, and you will contribute to the continued growth and sophistication of the ETF business.

Requirements

Previous experience managing physical equity index portfolios and/or synthetic swap-based portfolios
Advanced Excel user (VBA preferred) and knowledge of Bloomberg
Educated to degree level with further qualifications such as IMC, CFA, or CAIA
Understanding of how indices work and are calculated
Understanding of how ETFs are traded across primary and secondary markets
Understanding of ETF replication models from synthetic to physical replication
Understanding of UCITS regulations and guidance notes with respect to the management of ETF assets

Responsibilities

Managing portfolio management of ETFs with a focus on physical equity index portfolios and/or synthetic swap-based portfolios
Monitoring fund performance, NAV reconciliation, and attribution
Preparing rebalance calculations and providing index change analysis
Trading underlying physical equity and swaps, executing orders and liaising with brokers
Ensuring appropriate trade execution and settlements with Authorized Participants
Building bespoke tools for portfolio management, including daily analysis, risk monitoring, and order execution
Providing ad hoc support to Sales teams, assisting with RFPs, and delivering fund-specific data and commentary