Pension Protection Fund
LDI Portfolio Manager (15 month fixed-term contract - maternity cover)

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Location: London - Cannon Street
Salary: £120,000-£130,000 per annum + discretionary completion bonus
Tenure: 15 month fixed-term contract – maternity cover
Position type: Full Time
The Vacancy
At the Pension Protection Fund (PPF), we provide security in retirement for our members and millions of people throughout the UK who belong to defined benefit (DB) pension schemes. Through the PPF and Financial Assistance Scheme (FAS), we compensate members for their pensions after the employer funding their pension becomes insolvent. In total, we look after over 400,000 members across the PPF and FAS. With over £30 billion in assets under management, our investments support long-term economic growth across the UK.
Our award-winning team of around 450 professionals has earned the IPE UK Pension Fund of the Year title three times in seven years. We work closely with government and industry partners to improve outcomes for scheme members, employers, and the broader pension system—playing a vital role in strengthening retirement security nationwide.
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Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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We’re looking for a Portfolio Manager to work in our Investment Team and act as lead in the management of the multi-billion LDI portfolio.
Responsibilities
- Trade execution
- Trade idea generation
- Portfolio construction
- Information gathering to monitor performance
There will be significant involvement in building and maintaining relationships with external parties, i.e. bank counterparties, and proactive engagement with relevant internal teams, such as Risk and Investment Operations.


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Requirements
- Portfolio management and/or trade execution experience from a UK LDI or fixed income setting
- Adept stakeholder management skills
- Excellent written and verbal communication skills
- Numerical and technical information presentation skills
- Relevant professional or academic qualification
What We Offer
- Challenging role within a business
- Support to develop your career
- Diverse and inclusive work environment
Application
Due to the summer holiday period, we aim to contact shortlisted candidates during the first week of September.
Apply now.
No agencies please.
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