Senior Asset Allocation Analyst

At Rathbones, we help people invest their money well, so they can live well. That means more than financial returns – it’s about helping people feel confident in their decisions and supported in their future. We don’t just manage money, we guide people through life’s big moments, helping them stay on track and focus on what matters most.

We’re proud to be one of the UK’s leading wealth managers, with over £109bn* in assets under management and 20+ offices across the UK and Channel Islands. We’re a FTSE 250 company with national reach and a local feel – and we’re growing.

*As of June 2025

Role Title: Senior Asset Allocation Analyst

Division: Asset Allocation, RIM Research

Location: London

Contract: Perm

About the Role

To help provide timely, relevant economic and “top-down” investment analysis to Rathbones’ Asset Allocation Committee and Investment Managers.

What you’ll be responsible for

Analyse and interpret economic and market data to support Rathbones’ central investment process.

Build and develop robust quantitative frameworks to improve the depth of Rathbones’ analysis.

Support investment managers by responding to their queries and presenting at firm-wide or division-level research meetings.

Produce internal research notes and external pieces of thought leadership. Communicate them effectively.

Proactively identify research areas to improve the investment process.

Support the delivery of the overall investment process by working with the wider research team (including equities, fixed income, collectives and risk modelling specialists).

About you

If you meet some of these criteria and are excited about the role, we encourage you to apply

Strong practical understanding of macroeconomic literature, theory and data is required and experience applying econometric/quantitative techniques in a professional setting, a strong plus.

A high-level understanding of valuation methods and techniques for equities in particular a plus.

Knowledge of long-term asset return forecasting and/or portfolio optimisation is an advantage, but not essential.

Coding experience (especially Python) is an advantage, but not essential.

Ability to explain complex concepts in plain English and in an engaging style, including to less technical audiences. Strong ability to present information visually. Experience using Datastream a plus, not a necessity.

Proactive and accountable. Independently able to identify research areas relevant to business needs or improvements to existing frameworks.

Knowledge of regulatory environment in which we operate.

Understanding of the products and services Rathbones provides.

Significant experience working in an investment-related role in Financial Services on either the sell- or buy-side. (working in an economics or investment strategy team is not required)A bachelors (minimum 2.1) or masters (minimum Merit grade) degree in Economics, Political Economy, Economic History, or a related

Our offer to you

We want everyone at Rathbones to fulfil their potential, in an environment where you are proud to work and feel like you belong.

We offer a comprehensive remuneration package, which we review regularly, and benefits include:

A company pension - 9% non-contributory or 10% if you contribute 5%

Private medical insurance – Individual on joining, family after 1 year’s service

Life assurance - 8 x salary

Income protection – 75 % salary

Company share scheme

Discretionary bonus

Flexible holidays – purchase up to 5 additional days

Green Car Scheme

Family friendly policies – enhanced family leave for parents & carers

Study support – study days and funding for courses and qualifications

Season travel ticket loans

Volunteering days

Gym discounts

Other voluntary benefits you can choose to suit you

Our employees can choose to take part in various social groups and communities to support their wellbeing, growth, development and sense of community. These include:

Sports & Social Committees, such as cricket, football, netball, running, yoga, quiz nights, charity bake sales and much more.

Inclusion Networks that help us drive change within the organisation such as Gender Balance, Multicultural, Abilities Count, Pride, Social Mobility, Generations, Menopause Matters@Rathbones’ and Armed Forces.

The NextGen IM Network, which brings together a community of trainees from across the UK, who are all at the early stages of their careers and offers development opportunities, exposure across the business as well as peer support and connection.

Life at Rathbones

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values.

We’re a Disability Confident Employer (level 2) under the UK Government scheme. This means we’ve signed up to a set of commitments around how we recruit, retain and develop people with disabilities. If you require adjustments to apply for a role at Rathbones, please contact us via recruit@rathbones.com to let us know what adjustments you may need.

Mission

We believe in playing the long game. That means building consistent results, earning trust and doing the right thing — for our clients, our colleagues and the communities we’re part of.

Our values shape how we work:

- We aim high

- We get it done

- We show we care

- We do the right thing

These aren’t just words on a wall. They guide how we treat each other, how we make decisions and how we build relationships that last.

We will close this advert once we have received enough applications for the next stage. Please submit your application as soon as possible to ensure you don’t miss out.