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Principal Investment Manager

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Job Summary

Contract Type:
Working Pattern:
Full time
Advert Start Date:
Advert End Date:
Closed for applications on 23/11/2020 12:00
£67,084 pa plus benefits and relocation allowance
Hours per week:
Job Category:
Finance / Benefits / Revenues / Procurement
Vacancy ID:
Employment Location:
Town Hall, South Shields
Post Number:

Job details 

Closing date:
23 Nov

Please note

This job is closed for applications.

Further information

Principal Investment Manager
(Town Hall, South Shields)
£67,084 pa plus benefits and relocation allowance

We are proud of the track record that Tyne and Wear pension investments have achieved. As we progress, we are seeking to build on this, whilst preserving the long-term stability of our pension fund. That is where you come in…

We are looking forward to recruiting a new Principal Investment Manager that will further develop our thinking and realise our ambition.

The role carries responsibility for the Tyne and Wear Pension Fund’s assets and the management of the Council’s Treasury Management function. Whilst we must continuously maximise our pension fund’s returns, we must also look further beyond, and continue to develop our wider investment strategy and governance arrangements. Working closely with both our own investment managers and consultants, you will have an oversight of the investment strategies of our external managers including the Border to Coast Pension Partnership. It really is an interesting time to be joining us.

South Tyneside Council is the administering authority for the Tyne and Wear Pension Fund - a high achieving Fund and the fourth largest Local Government Pension Fund in England and Wales, currently valued at £11 billion. It has over 160,000 members and around 200 active employers, including the five councils within the Tyne and Wear County area and Northumberland County Council.

We are a strong performing authority, with stable political leadership, and talented teams providing the platform to have a fulfilling, challenging and successful career in a beautiful and accessible area.

Forming strong collaborative partnerships will be one of your key attributes; enabling you to have oversight of the existing external investment managers including Border to Coast, strategic and tactical asset allocation, managing the continuing transition of assets to Border to Coast, co-ordinating the financial control of the Fund and reporting to the Pensions Committee and the Local Pension Board.

Your success in this role will draw on your considerable investment experience across a broad range of asset classes, high-level investment analysis and reporting skills and staff leadership.

We are looking for someone who can be seen as a leading voice in the Local Government Pension Scheme and the Border to Coast Pension Partnership and can draw upon knowledge and skill to lead discussions on investment strategy as well as managing the investment portfolio.

We anticipate informing you of the outcome of your application by 27 November 2020. Interviews will be held on 3 or 4 December 2020, to ensure your safety and for your convenience we are planning to hold interviews via Zoom.

We hope that this role will pique your interest levels, we encourage conversations regarding the role, for more information, to contact us and to apply visit www.southtynesideopportunities.co.uk

Closing date: Noon, Monday 23 November 2020.

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