Redington is an award-winning, independent Investment Consultancy that designs, develops and delivers investment and risk management strategies to pension funds, insurance companies and wealth managers, and helps them to define and reach their goals. The firm focuses on understanding clients’ needs and provides bespoke, outcome-oriented advice supported by market-leading analytics.

Since 2006 Redington has grown to a team of 125 individuals, including 65+ investment professionals. The team has a combined total of over 300 years of investment consulting, actuarial, capital markets and asset management experience. The firm provides advice to 80 clients, ten of the top 30 pension funds in the UK, and has over £400bn in assets under consulting.

All of Redington’s Investment Consulting advice is based on rigorous and best-in-class analysis, the bulk of which is delivered by ALM & Investment Strategy – making that team the firm’s main delivery engine.

On an internship in the ALM team, you will be required to:

• Spend a week training, studying some of the material we provide for our normal graduate training programme.
• Work on a project with the other interns, which will introduce you to many of the concepts involved in modelling a pension scheme and advising clients; this will culminate with a presentation given to the whole company at the end of your internship.
• Work on actual client work and live projects within your team, which will encompass the role of a typical ALM graduate analyst.

A new ALM graduate’s role is not restricted to, but can be expected to include:

• Modelling asset classes such as equities, credit, bonds, derivatives, hedge funds and other alternatives using in-house tools, in conjunction with modelling pension funds’ contingent liabilities.
• Designing and implementing capital market and LDI solutions to reduce risk or increase expected return.
• Analysing the risks in pension funds under Redington’s three lenses approach: calculating the risk exposure of portfolio assets and liabilities; investigating key sensitivities to changes in interest rate, inflation, credit and longevity; and analysing the performance of assets and liabilities under various stress-tests.
• Monitoring the markets, and keeping abreast of key developments. You will also need to develop a solid understanding of products traded in the capital markets.
• Liaising with investment consultants to understand the needs of the client and using Redington’s proprietary analytics, to deliver first class advice.

This is a highly quantitative role and candidates should have a keen interest in statistics, modelling, and the ability to solve complex problems.

The ideal candidate will have the following qualifications and attributes;

• An excellent academic record (minimum 2.1 degree – expected or achieved) in a quantitative discipline
• Some previous experience in financial market or actuarial related jobs but this is by no means a prerequisite
• Demonstrated interest in pension industry
• A highly analytical mind
• Highly developed verbal and written English
• High personal standards and attention to detail

Application Process:

This is an excellent opportunity for the right candidate to gain experience in a dynamic team and rapidly expanding firm with an enjoyable and collegiate culture. If you are interested in this opportunity please apply by clicking the apply button. 

The salary for this role is competitive.

Please refer to our website for further details about the company: www.redington.co.uk