St. James’s Place
Portfolio and Trade Implementation Manager (Multi-Asset)
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Are you ready to chart your own career path? With our refreshed strategy, we’re building on our rich heritage and transforming our business to be more scalable and efficient, unlocking the capabilities needed for future success. This includes significantly investing in technology, streamlining the way we work and creating an environment where colleagues feel engaged, empowered and accountable; where they can show up, speak up and perform - because we believe in the difference our work makes.
At a glance:
- LOCATION: London - Lombard Street Office
- Workplace Type: Hybrid
- Employment Type: Permanent
- Seniority: Mid-Senior Level
About the role
At SJP, our book spans three distinct delivery channels, and we manage £225 billion of client assets across a complex investment universe. We are on a growth trajectory that makes the quality of our implementation as important as the quality of our investment decisions. We have an exciting cross-suite mandate to lead the end-to-end implementation agenda at one of the UK's most significant wealth managers — and to shape it for the next phase of our growth.
The Portfolio and Trade Implementation Specialist is a newly created role within our Investment Solutions function. Reporting to the Director of Investment Solutions, you'll lead the pre-trade decision framework and execution governance across all three delivery channels, and will lead the evaluation of the systems, platforms, and counterparty arrangements that underpin how SJP implements at scale. In this role, you’ll be the specialist through whom investment intent is translated into portfolio reality, with minimum friction and cost.
What you'll be doing
Proprietary Fund Range Implementation
- Lead the end-to-end implementation of portfolio changes across the UK’s largest proprietary fund range
- Oversee fund dealing, subscriptions/redemptions, and in-specie transfers, ensuring optimal sequencing and minimal market impact
- Lead manager and SMA transitions, including transition risk, liquidity planning, and execution timing
- Drive cost awareness, incorporating swing pricing, dilution levies, and transaction costs into implementation decisions
- Identify and execute internal netting opportunities to reduce external trading costs
- Maintain a liquidity framework to support accurate implementation timelines
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Model Portfolio Service Implementation
- Own implementation of model portfolio changes across large client populations
- Lead execution sequencing across funds and single securities, optimising dealing timelines and cash deployment
- Establish robust governance processes
- Define and oversee rebalancing policy, balancing tracking accuracy with cost efficiency
Bespoke Portfolio Execution
- Lead multi-asset execution strategy across bespoke client portfolios (equities, fixed income, FX, derivatives, structured products, and private markets)
- Define pre-trade execution strategy, including order sequencing, sizing, timing, and urgency
- Build a cross-portfolio order crossing framework to optimise internal liquidity
- Coordinate execution with FX exposure management and hedging requirements
Counterparty Governance & Execution Quality
- Develop post-trade cost analysis capability across all asset classes and delivery channels
- Own relationships with fund managers, brokers, platforms, and FX providers, ensuring best-in-class commercial terms and service
- Establish a transition management framework to govern complex portfolio events
Systems, Platforms & Operating Model
- Lead evaluation and selection of OMS / PMS and execution platforms
- Assess EMS and direct market access capability for growing bespoke portfolios
- Define and deliver a target operating model and implementation roadmap
- Provide strategic recommendations to senior leadership
About you
Essential Criteria
- Extensive experience in investment implementation, fund management operations, or execution within a large-scale asset or wealth management environment
- Strong knowledge of fund-of-funds, manager-of-managers, and multi-vehicle structures, including underlying funds and SMAs
- Deep understanding of fund dealing mechanics, including subscriptions/redemptions, in-specie transfers, dealing timelines, NAV pricing, swing pricing, and dilution levies
- Proven experience leading portfolio changes and transitions, including sequencing, multi-vehicle coordination, and tracking error control
- Experience with model portfolio implementation and rebalancing governance across large client account populations
- Broad multi-asset knowledge spanning funds, equities, fixed income, FX, and derivatives
- Strong stakeholder management and ability to operate within a complex, cross-functional environment
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Desirable Criteria
- Experience in transition management, including multi-asset and multi-vehicle transitions
- Knowledge of FX overlay management and hedging frameworks
- Experience negotiating with fund managers, administrators, or platform providers
- Experience supporting private markets implementation (e.g. capital calls, liquidity planning)
- Relevant professional qualification (e.g. CFA, CAIA, FRM, IMC)
Special Requirements
Please be aware that this position is a Certification role under the Senior Managers and Certification Regime.
What's in it for you
We reward you for the work you do, whether that’s through our discretionary annual bonus scheme that reflects both personal and company performance, competitive annual leave allowance (28 days plus bank holidays, with the option to purchase an additional 5 days), or online rewards platform with a variety of discounts.
We also have benefits to support whatever stage of life you are in, including:
- Competitive parental leave (26 weeks full pay)
- Private medical insurance (optional taxable benefit)
- Non-Contributory Pension – 10% (increasing with length of service up to 15%) with further pension matching.
Reasonable Adjustments
We're an equal opportunities employer and want to ensure our recruitment process is accessible and inclusive for all, if you require reasonable adjustment(s) at any stage please let us know by emailing us at careers@sjp.co.uk
Research tells us that applicants (especially those from underrepresented groups) can be put off from applying for a role if they do not meet all the criteria or have been on an extended career-break. If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you tick every box.
What's next
If you're excited about this role and believe you have the skills and experience we're looking for, we'd love to hear from you! Please submit an application by clicking ‘apply’ below and our team will be in touch.
As a business regulated by the FCA we would advise you to familiarise yourself with the conduct regulations and in particular consumer duty obligations prior to an interview with SJP.
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