The in-house investment manager BP Investment Management (BPIM) is a 100% subsidiary of the BP Pension Trustee (BPPT). The Equities Portfolio Manager reports to the Regional Head who reports into the Head of BPIM.
The Equities Portfolio Manager is accountable for the management of the respective portfolio in line with the IMA provided by the BP Pension Trustee. This includes the assurance for compliance with all market and BP regulatory requirements.
The role is part of the Equities team and expected to work collaboratively within that team and the wider BPIM organisation.
BPIM’s research analyst team supports this role when required.
BPIM manages directly most of the Fund’s growth assets; approx. £14bn (30 June 2016)
BPIM staff 37 (30 June 2016)
Research: Utilise and contribute to the on-going development of the BPIM equities investment process including:
Screening using BPIM FACTSET model
Simplified company models using HOLT
Keeping up with strategic, operational, and corporate governance developments in investee companies including use of systems such as Bloomberg
Maintaining and developing relationships with “sell side” analysts in major investment banks and specialist boutiques
Recording third party research usage as part of the research commission allocation process
Meeting senior management of key portfolio companies on a regular basis
Preparing and maintaining research notes on important positions
Control level of off-benchmark stocks held
Identify un-investable stocks
Monitoring portfolio construction and performance via FACTSET and WM
Risk: take account of risk considerations with reference to:
Metrics such as Tracking Error and Active Money
Barra risk factors
Tactical Asset Allocation:
Input to the Tactical Asset Allocation process
Keep up with macro factors affecting regional portfolios
Execute TAA program trades
Operations: ensure good communication with the Operations team especially regarding:
The accurate recording of deals
Voting at AGMs and EGMs
Reporting: provide input to internal and trustee reporting and develop stronger and robust MI reporting
Ensure BPIM meets all BPIM compliance rules and FCA regulations
Ensure full compliance of the BP Code of Conduct
Strive for continuous improvement in process and content of the integrated risk management process and support ad hoc project work.
Achieve demanding performance targets as defined in the IMA
Teamwork as part of a regional equity team
Present regularly to management and trustee executive on all aspects of the job
Extract relevant information from research suppliers and company management
Risk control of portfolio
Either CFA MBA ACA
Essential experience and job requirements
Good relevant asset experience with a recognised asset management firm
A proven track record of strong performance in previous roles, which might include projects, controls and leading or working in diverse teams
Experience or exposure of improving business processes and systems in an Equities Portfolio environment.
Strong verbal and written communication skills and the ability to manage challenging stakeholders. Building relationships build on trust.
Other Requirements (e.g. Travel, Location)
This is a CF 30 (customer) regulated role under the FCA.
Desirable criteria & qualifications
Evidence of good educational achievement; strong career progression; track record of asset management added value
Yes - up to 10%
Is this a part time position?
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.
BP Treasury is a global team whose vision is to be the world's best corporate bank at the heart of a great company. Its strategic intent is to manage the funding of the Group, key financial risks, cash management, foreign exchange dealing, and interface with banks centrally, in a manner that optimizes the overall Group's position and takes full advantage of the Group's size and credit strength. Specifically, Treasury will be accountable for the application of the following: Economic Evaluation Methodology, Corporate Structuring & Internal Funding, Group Funding, Cash & Banking, Financial Risk Management, Insurance, Financial Institutions Credit Risk Management, Banking Relationships and Group Pensions Assets Management.
Corporate & Functions