Investment Analyst - Fixed Income

Join LGPS Central at a pivotal moment—where investment meets long term impact.Based in Wolverhampton, the Investment Analyst (Fixed Income) is a core contributor within LGPS Central's Investment function, supporting the delivery of high-quality Fixed Income investment solutions for our Partner Funds. Working alongside experienced Portfolio Managers and the Investment Director (Fixed Income), you will help deliver well-governed, research-driven and responsible investment outcomes that support the long-term objectives of the Local Government Pension Scheme. ‘Fit for the Future’ is strengthening expectations around pooling, governance, transparency and the role of pools in implementing investment strategy. As LGPS Central continues to expand its investment capabilities, Fixed Income remains a vital building block in Partner Fund portfolios, providing diversification, income generation and risk management across a broad range of market environments. This role offers broad exposure across Fixed Income markets, investment research, portfolio construction and manager oversight within a collaborative and FCA regulated environment. From day one, you will be involved in meaningful work that directly contributes to the investment outcomes delivered for over one million members across our Partner Funds.What you'll be doing:Deliver high-quality research and analysis to support investment decisions across LGPS Central's Fixed Income strategies, including internally managed portfolios and externally delegated mandates.Investment analysis and supportSupport Portfolio Managers in the analysis, evaluation and monitoring of Fixed Income investments and market opportunitiesAssist in the sourcing, assessment and recommendation of new investment ideas in line with agreed strategies and processesUndertake quantitative, qualitative and market analysis and clearly document investment rationaleSupport portfolio construction, implementation activity and ongoing portfolio monitoringAssist with the implementation, oversight and maintenance of internally managed funds and external investment mandates Performance, monitoring and reportingContribute to the production of regular portfolio, performance and risk reportingSupport quarterly and annual reporting for Partner Funds and internal governance forumsAssist in analysing investment performance, risk metrics and outcomes relative to objectives and benchmarksMonitor Fixed Income market sectors and maintain accurate research, datasets and records to support decision making Responsible investment and stewardshipSupport the integration and maintenance of Responsible Investment considerations across Fixed Income investment activityConsider ESG, sustainability and stewardship factors as part of investment analysis, due diligence and ongoing monitoringSupport the implementation of LGPS Central's Responsible Investment framework within Fixed Income portfolios and mandatesWork collaboratively with the Responsible Investment team to ensure alignment with firmwide policy and regulatory expectationsRisk, compliance and governanceEnsure adherence to LGPS Central's Risk and Compliance Framework throughout all stages of the investment processSupport transparent, auditable and well-documented investment processesAssist with preparation of materials for Investment Committees and other governance forumsIdentify and escalate risks, issues or breaches in a timely and appropriate mannerSupport oversight of portfolios to ensure they operate within agreed mandates, prospectuses and company policiesContribute to the manager monitoring, appointment and oversight framework where applicableTeam contribution and developmentTake ownership of allocated projects, delivering to agreed timelines and quality standardsBuild effective working relationships across investment teams and the wider organisationContribute to a culture of high-performing, collaborative, research-driven and responsible investingPromote LGPS Central within the investment community and in dealings with Partner FundsSupport knowledge sharing and continuous improvement across the investment functionAbout usLGPS Central (LGPSC) Ltd is the FCA regulated asset manager for fourteen local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £100bn+ of their assets. It is one of six Local Government Pension Scheme (LGPS) asset pools in the UK.LGPS Central’s Partner Funds are:Cheshire Pension FundDerbyshire Pension FundLeicestershire Pension FundNottinghamshire Pension FundShropshire Pension FundStaffordshire Pension FundWest Midlands Pension FundWorcestershire Pension FundGloucestershire Pension Fund Hampshire Pension FundSuffolk County CouncilWiltshire Pension FundNorfolk Pension FundOxfordshire Pension Fund The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i10, Railway Drive in September 2026, close to local transport links.Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds

Requirements

Experience of investment or financial analysis, particularly within Fixed Income markets, preferably gained with an asset manager or other financial institutionUnderstanding of Fixed Income investment principles, portfolio construction and risk managementDemonstrated ability to analyse investments and clearly document rationale and outcomesStrong analytical and numerical skills with high attention to detailProven interest in Fixed Income investing and financial marketsWell organised, proactive and able to manage multiple prioritiesHigh standards of professional ethics, integrity and judgementStrong interpersonal and communication skills with the ability to work effectively across teams and stakeholdersAwareness of responsible investment and stewardship concepts and their relevance to long-term investment outcomes

Qualifications

Bachelor's degree in Business Management, Finance or related fieldIMC gained and working towards CFA qualification or similar, or relevant investment experience would be an advantageWhat do we offer?We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:Competitive salaryAn enhanced and generous Pension Scheme30 days' paid holiday plus bank holidays2 days paid volunteering daysAn extra paid Company Day in addition to paid holidaysExcellent Learning & Development OpportunitiesWelfare and Family friendly policiesEnhanced pay for new parentsAccess to our Employee Assistance Programme 247 Health & Wellbeing SupportVitality Private Medical InsuranceHybrid WorkingCompany Service AwardsCycle to Work SchemeCompany Electric Vehicle SchemeWinner of the Cultural Awareness Initiative of the Year FT Advisors Diversity in Finance Awards 2023Winner of Diversity and Inclusion Award LAPF In Investments Award 2023Winner of LAPF Investment InnovationWinner of Pool of the Year 2025