Investment Director - Responsible Investment and Engagement

  • £80,000
  • Wolverhampton, England, United Kingdom
  • Permanent, Full time
  • LGPS Central
  • 15 Nov 17 2017-11-15

Investment Director of Responsible Investment and Engagement Salary £80,000 plus LGPS Pension Based in the Midlands LGPS Central is looking for a senior and influential responsible investment practitioner to join our Investment Committee in the position of Director of Responsible Investment and Engagement. Based in the Midlands (Wolverhampton or Matlock), the successful candidate will work closely with the CEO, CIO, fellow Committee members and the Partner Funds to build an effective responsible investment policy and investor engagement function across both locations.

Role Purpose

Based in the Midlands (Wolverhampton or Matlock investment Offices), The Director of Responsible Investment and Engagement will work closely with the CIO in Wolverhampton and fellow Committee members to build an effective responsible investment and investor engagement function across both locations.

The Director of Responsible Investment and Engagement will influence the investor style and culture of the Pool through the development, implementation and maintenance of a distinctive “Responsible Investment and Engagement Policy”. You will develop a policy and engagement team to ensure that the Pool’s capability and skill base is sufficient to deliver the Policy, and to meet the objectives of the Partner Funds. You will also support the CEO, CIO and Investor Relations function on communications with the Partner Funds, and represent the Pool externally on all investor responsibility and engagement policy matters.

Role Responsibilities

• Develop, deliver and maintain the Pool’s “Responsible Investment and Engagement Policy” (“RIEP”).
• Work with the CIO and Investment Directors to integrate the RIEP into the investment process for all asset classes and investment portfolios, establishing in each case the financial value added by adoption of the RIEP.
• Develop an engagement strategy and rolling enablement programme to ensure that all the Pool’s portfolio managers are aware of ESG issues with investments, and can influence company boards, third party managers or funds effectively (with necessary support from the policy and engagement team).
• Be the “Responsible Investment and Engagement” ambassador for LGPS Central within the investment community, Partner Funds and with regulators, government and key stakeholders in the UK and internationally.
• As a member of the Investment Committee, oversee and advise on investor responsibility and engagement issues in relation to all asset classes and investment portfolios, and give relevant input to the investment strategy of the Pool.
• Provide assurance that portfolios are managed within the RIEP parameters set in the Prospectus and the IMA.
• Working with the CRCO, ensure that RIEP is always consistent with the Risk and Compliance Framework.
• Support the ID Manager of Managers to develop the “External Manager of Managers Process” and then ensure that it is applied across all external portfolios.
• Embed a culture of high performing, collaborative, research based and responsible investing across LGPS Central.
• Line management and personal development responsibility for the Responsible Investment and Engagement team.

Key Requirements

• Significant experience of investor responsibility and engagement at a senior level as either or both a policy maker and influencer, preferably in an asset manager or other financial institution.
• Demonstrates and can articulate policy making and public influencing skills.
• Ability to integrate responsible investing principles with practical investment functions and policies.
• Can evaluate ESG risk of investment portfolios and in investment processes objectively.
• Experience identifying and mitigating ESG risk in internal and external investment portfolios across multiple asset classes.
• Experience of engaging with companies and third party managers directly, and of working collaboratively with other funds, government, government agencies and campaign groups.
• Established relationships with key RI/ESG service providers.
• Has successfully built, run and developed high performing teams.
• CFA (or working towards) or equivalent qualification / relevant responsible investment experience.
• High degree of professional ethics, integrity and gravitas.
• Excellent judgement and analytical skills.
• First class interpersonal, people management and communication skills.

The successful candidate will influence the investor style and culture of the Pool through the development, implementation and maintenance of a distinctive “Responsible Investment and Engagement Policy”. You will develop a policy and engagement team to ensure that the Pool’s capability and skill base is sufficient to deliver the Policy, and to meet the objectives of the Partner Funds. You will also support the CIO and Investor Relations function on communications with the Partner Funds, and represent the Pool externally on all investor responsibility and engagement policy matters.

The post holder will have the ability to integrate responsible investing principles with practical investment functions and can evaluate ESG risk of investment portfolios and in investment process objectively. Has successfully built, run and developed high performing teams with a high degree of professional ethics, integrity and gravitas. They will be CFA qualified (or working towards) or equivalent qualification/relevant experience.

If you are interested in applying for this position, please send your CV with a covering letter, demonstrating why you have the skills to perform this role, to Samantha.Woodward@wolverhampton.gov.uk
Closing date: 1 December 2017
Interviews will take place: week commencing 4 December 2017