At Border to Coast our purpose is to make a difference and we’re looking for an Investment Risk Manager to join our award-winning team.
As a customer-owned and customer-focused organisation, integrity is one of our values, as is our collaborative and sustainable approach. Our focus is to secure the pensions of over a million people who have provided valuable service to their communities and society. We’re the largest UK asset manager outside London or Edinburgh, and we provide innovative investments that deliver sustainable returns over the long term.
Focusing on Private Markets and Real Estate portfolios, this role will review and challenge the identification, monitoring, management, and reporting of investment risk performed by Company on behalf of funds under management, to support effective management of risks to customers, the market, other stakeholders, and our company.
Key Responsibilities
* Deliver specialist second-line oversight and challenge of investment risks, including portfolio, liquidity, leverage, models, data, and methodologies.
* Review and assess the quality, accuracy, and completeness of first-line risk analytics, MI, tools, and controls.
* Design and execute investment risk oversight plans and ad hoc deep-dive reviews, tracking actions to completion.
* Prepare and present investment risk reporting to governance committees and the Board Risk Committee.
* Attend Investment Committee sub-committees on behalf of the CRO, providing effective challenge and escalation.
* Support proposition development, fund launches, transitions, and changes (e.g. manager or benchmark changes).
* Maintain and coordinate reviews of the Investment Risk Management Policy and contribute to the firm-wide risk framework.
* Build strong, constructive relationships with portfolio risk teams, portfolio managers, and senior stakeholders.
* Provide technical expertise, training, and guidance across Risk & Compliance and support SMCR responsibilities.
Skills & Experience
* Strong understanding of institutional investment risks across asset classes, with depth in private markets and real estate.
* Highly numerate with the ability to challenge data, assumptions, models, and methodologies.
* Proven experience in investment risk management within asset management, pensions, or consulting.
* Experience engaging with senior stakeholders and governance committees.
* Strong communication skills, high integrity, and collaborative approach.
* Desirable: experience across first and second line, FCA/AIFMD frameworks, portfolio risk systems, fund launches, and asset transitions.
We welcome applications from people of all experience levels and backgrounds and value diversity of thought. We are committed to creating an inclusive and engaging workplace, ensuring that colleagues maintain a work life balance. We encourage colleagues to progress, be themselves and be their best through both personal and professional development.
If you have a disability, or if you have a condition that you believe may affect your performance during our selection process, we would be happy to discuss making reasonable adjustments to our processes for you. Please contact our recruitment team.
We’re looking for people with the right values, behaviours, skills and experiences and if you meet some of the role’s criteria and are interested in finding out more about Border to Coast and the team, we’d love to hear from you.
About Us
As a customer-owned and customer-focused organisation, integrity is one of our values, as is our collaborative and sustainable approach.
Border to Coast is the largest LGPS (Local Government Pension Scheme) pool in the UK. We are owned by 11 Local Government Pension Schemes (‘Partner Funds’) who represent 3,100 employers and over a million members. The Partner Funds are Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear and Warwickshire.
The Partner Funds have c.£64bn in investments, of which Border to Coast is responsible for managing and overseeing £55.4bn (as of 31 March 2025).
In October 2025, we confirmed that seven additional LGPS funds would join the partnership following the outcome of the Government-led ‘Fit for the Future’ consultation. The seven funds (Cambridgeshire, East Sussex, Essex, Hertfordshire, Kent, Northamptonshire, and West Sussex) will formally join as Partner Funds in April 2026. They represent 900,000 members employed at 2,500 participating employers with c.£45bn of assets. Together, the 18 Partner Funds will have more than £110bn of assets, strengthening our partnership’s ability to harness scale to be more effective, more resilient, and more impactful.
Our purpose is to make a difference for the LGPS. We seek to do this by providing cost-effective and innovative investment opportunities delivering returns over the long term for Partner Funds, their employers and over 1.1 million LGPS members. We offer investment opportunities across equities, fixed income, private markets, and global and UK real estate. Responsible Investment is central to our work and is embedded in how we invest across our range of assets.
In the last year, the Border to Coast team has won an IPE Silver Award for the UK Real Estate proposition, and the LAPF Investments Outstanding Contribution award for its report ‘Unlocking UK Growth’. It was also shortlisted for Pool of the Year at the LGC Investment Awards.
Border to Coast Pensions Partnership Ltd is authorised and regulated by the Financial Conduct Authority. Registered in England Number: 10795539 and Registered Office: 5th Floor, Toronto Square, Toronto Street, Leeds, LS1 2HJ.