Investment Risk Analyst

Join LGPS Central at a pivotal moment, where active management, investment risk and long term outcomes come together. We are seeking an Investment Risk Analyst to join LGPS Central in Wolverhampton. Reporting to the Investment Risk Manager, you will support the implementation of the firm’s Investment Risk Policy across Public and Private Markets, working closely with colleagues across Investment, Risk, and Operations. You will assist in monitoring and reporting portfolio risks, producing risk analytics, and supporting the development of models and systems to ensure robust and effective risk management. What you'll be doing: As an Investment Risk Analyst, a flavour of what you will get involved in includes: Investment Risk Oversight & Reporting • Assist in the delivery of LGPS Central’s Investment Risk Policy and associated procedures, ensuring consistent application across funds and mandates. • Produce, check and distribute daily, weekly and monthly risk reports, highlighting key exposures, breaches, and trends across portfolios. • Maintain data integrity within the risk systems, ensuring all positions, benchmarks, and market data are accurate and up to date. • Support the monitoring of risk limits, exposures, stress tests and performance attribution measures. • Help identify and explain changes in portfolio risk profiles, concentration levels, and market sensitivities. Quantitative Analysis & Modelling • Work with the Investment Risk Manager and Senior Investment Risk Manager to develop and enhance quantitative models for market, credit, and liquidity risk. • Run VaR, stress testing and scenario analysis to assess portfolio resilience under different market conditions. • Support validation and back-testing of models and ensure methodologies are documented and applied consistently. • Use analytical tools (e.g. Power BI, Python, Excel, Tableau) to automate recurring analyses and improve efficiency and visualisation. • Conduct data quality checks and reconciliations between internal systems and third-party providers. Support for Public & Private Markets • Support the assessment and reporting of risks for both Public Market portfolios (equities, fixed income, multi-asset) and Private Market portfolios (private equity, credit, infrastructure, property). • Work with portfolio teams to ensure new investments, valuation updates and transactions are correctly captured within the risk system. • Contribute to the ongoing development of look-through risk analytics for multi-layered fund structures. • Assist in the preparation of risk analysis and dashboards for Private Markets oversight reviews. Governance, Reporting & Continuous Improvement • Prepare inputs for Committee papers and management reports, ensuring accuracy and clarity of data and commentary. • Contribute to risk audits, assurance reviews and model validation exercises, collating evidence and supporting responses. • Take ownership of assigned tasks within risk system upgrades, data projects or automation initiatives. • Identify opportunities to improve efficiency and consistency across reporting and analysis processes. • Keep up to date with regulatory expectations and industry best practice in investment risk management. Collaboration & Team Development • Work collaboratively across the Investment, Risk, and Operations teams to foster a culture of openness, transparency and challenge. • Support the team’s knowledge sharing, learning sessions and cross-training efforts. • Engage in ongoing professional development, pursuing relevant qualifications and technical skills. • Act as an ambassador for the Risk function, demonstrating curiosity, integrity and a constructive approach to challenge About Us LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight 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 £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK. LGPS Central's Partner Funds are: • Cheshire Pension Fund • Derbyshire Pension Fund • Leicestershire Pension Fund • Nottinghamshire Pension Fund • Shropshire Pension Fund • Staffordshire Pension Fund • West Midlands Pension Fund • Worcestershire 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 i9, Wolverhampton Interchange in January 2022, 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 Essential • Prior experience in an investment risk, performance, or investment operations role within asset management, pensions, or financial services. • Strong analytical and numerical skills, with proficiency in Excel and comfort working with large, complex data sets. • Basic understanding of market, credit, and liquidity risk concepts, as well as key investment risk metrics (e.g. VaR, tracking error, beta, duration). • Excellent attention to detail and accuracy in data handling and reporting. • Strong written and verbal communication skills – able to present findings clearly and concisely. • A collaborative team player who demonstrates initiative and accountability. Desirable • Experience using risk systems or data platforms such as Bloomberg PORT, Aladdin, or MSCI Barra. • Familiarity with data visualisation tools (Power BI, Tableau) or programming languages (Python, R, SQL). • Knowledge of Private Market investment structures and associated risks. • Previous exposure to Committee paper preparation or governance reporting. Qualifications: • Degree level or equivalent • CFA or equivalent qualification/ relevant investment experience What 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 salary • An enhanced and generous Pension Scheme • 30 days' paid holiday plus bank holidays • 2 days paid volunteering days • An extra paid Company Day in addition to paid holidays • Excellent Learning & Development Opportunities • Welfare and Family friendly policies • Enhanced pay for new parents • Access to our Employee Assistance Programme 247 Health & Wellbeing Support • Vitality Private Medical Insurance • Hybrid Working • Company Service Awards • Cycle to Work Scheme • Company Electric Vehicle Scheme • Nominees of the Family Friendly Employer of the Year 2022 Personnel Today Awards 2022 • Winner of the Cultural Awareness Initiative of the Year FT Advisors Diversity in Finance Awards 2023 • Winner of Diversity and Inclusion Award LAPF In Investments Award 2023