Job Description

The vacancy
At the Pension Protection Fund (PPF), our mission is clear: we provide vital compensation to members of eligible defined benefit pension schemes when their employer faces insolvency and the scheme lacks sufficient assets. We're here to protect futures and we do it with excellence.
With over 30 billion in assets under management and nearly 300,000 members, the PPF ranks among the top five pension schemes in the UK. Our award-winning team of c.450 professionals has earned the prestigious IPE Pension Fund of the Year title four times in the last five years, reflecting our commitment to innovation, integrity, and impact.
We're proud to play a unique and valuable role in the UK pension landscape. Our success is driven by our people, exceptional individuals who bring expertise, passion, and purpose to everything they do.
We're looking for a Junior Portfolio Manager / Portfolio Manager to join our Liquids team. This role exists to ensure that cash portfolios are managed with precision, balancing operational liquidity needs with prudent investment of surplus cash in line with the Fund's risk appetite and regulatory obligations.
The team currently manages around ~6bn AUM in fixed income assets across the suite of cash/cash+, SSDC, global IG portfolios, predominantly managed in-house.
You'll be responsible for supporting the day-to-day management of short-term cash instruments, which covers internal Money market and Cash+ portfolios. The role includes contributing to funding and settlement processes and assisting in implementing tactical cash strategies aligning to PPF's investment framework. The role also provides exposure to broader treasury and investment operations and offering a strong foundation for growth within the organisation. Over time there is also potential involvement in internally managed Short Duration portfolios and External IG credit mandates.
We're looking for a seasoned investment professional with an expert grasp of global fixed income and money markets with a successful track record on a cash management / dealing desk. You'll be well versed in short term securities like Repo, Euro Commercial Paper, Bonds, Certificates of Deposit and Asset Backed Commercial Papers, and data tools such as Bloomberg, TradeWeb and Aladdin. An understanding of Money Market fund regulations is preferable, as is the possession of a strong market network of dealers / brokers. Experience with Aladdin portfolio management system is preferable but not a necessity.
Sound like you? Apply now.
We are proud to be a and actively encourage applications from people with disabilities. We are committed to ensuring our recruitment process is inclusive and accessible. If you require any reasonable adjustments during the recruitment process, please let us know. We are happy to discuss your needs and ensure you have the support required.
We embrace diverse talent welcoming people with different beliefs, backgrounds and ways of working. Whatever your background, and however you identify, you'll be welcome here.
No agencies please
Who we are
We're a statutory public corporation led by our board and accountable to Parliament through the Secretary of State for the Department for Work and Pensions. It's our duty to protect people with an eligible defined benefit pension when an employer becomes insolvent.
We're proud of the work we do. Without us, many people would face significant financial hardship. We're also proud of our people, all of whom are committed to our mission and to serving over 230,000 members.
Life at the PPF
Careers (General)
20 Years of Protecting People's Futures
Some of our Benefits
Defined benefit or defined contribution pension
Private medical insurance
Health cash plan
Corporate discretionary bonus scheme
Cycle to work scheme
EASIT rail travel discount
Flexible / hybrid working
Volunteer days
Gallery

Skills Required