Investment Manager

Job Description Summary

Job Description

Investment Manager

Permanent

Location:  Edinburgh or London (We believe in the power of in-person collaboration, and our hybrid model requires colleagues to be in the office a minimum of 40% of their time)  

Closing date: 13 February 2026 

We recognise that as a business we can, and want to, make a difference. Whether that’s creating positive habits in our office environment, helping customers invest responsibly or by supporting our communities.

We help people live their best lives. We help them with the big stuff, for the moments that matter: Pensions, Savings, Investments. At Aegon, we strive in creating a diverse organisation that plays a meaningful role in driving greater equity, inclusion and belonging. 

Our Investment Proposition team is responsible for development (strategy and implementation) and promotion of Aegon UK’s investment proposition. Important to the team is ensuring oversight and Governance of our investment estate across all propositions, management of Aegon investment solutions and driving in house fund margin.

As an Investment Manager you will occupy a senior role within our Portfolio Management team which manages Aegon’s OEIC fund solutions and insured funds within Aegon’s investment proposition.

You will be responsible for Investment management of multi-asset fund of fund portfolios and contribution to the investment product design and Lifecyle processes.

Key Responsibilities include:

• Managing assigned multi‑asset funds day‑to‑day within agreed mandates, including handling fund flows and executing trades.

• Leading asset allocation research, liaise with external advisers, and provide recommendations to support portfolio positioning.

• Directing fund research and recommend fund additions or removals, selecting appropriate funds to meet portfolio objectives.

• Contributing to the development and enhancement of portfolio management procedures across asset allocation and fund selection.

• Supporting product design and lifecycle management, working collaboratively with internal teams and key external partners.

We’d love to hear from you if you have:

• A proven track record of portfolio management, including asset allocation and manager selection abilities

• Broad investment knowledge including knowledge of competitor products/funds

• Understanding of IFA firms, their investment process, how they advise and sell.

• Strong understanding of the UK regulatory framework

• Extensive understanding of the financial services sector and associated customer demands and distribution dynamics

• Programming ability in either R or Python, though not essential is highly desirable.

What’s in it for you?

• We’re serious about your future and our enhanced pension scheme is now in place.  We ask you to contribute 3% of your salary to your pension and we’ll put in 9%.  If you decide to contribute more, we’ll match it up to a combined total of 20% of your salary (that’s 7% from you and 13% from us).   

• A discretionary bonus, depending on personal and company performance

• 38 days leave per year (including bank holidays, pro-rated for part-time)

We also offer private medical cover, life assurance, critical illness cover, enhanced parental leave and a variety of lifestyle benefits to help our employees live their best lives, including retail discount vouchers, cycle2work scheme, subsidised restaurant and online GP appointments. To find out more about what to expect at Aegon, visit our careers site.

Join Our Team Today! If you're ready to take your career to the next level and be part of a dynamic, innovative team, we want to hear from you. Apply now and let's build the future together!

The legal bits 

We’ll need you to confirm you have the right to work in the UK. If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing satisfactory references. 

A high-level competence requirement applies to individuals engaged in the regulated activity in all UK authorised firms.  This role is involved in activities covered by FCA Training and Competence Sourcebook including the need to attain qualifications within agreed timescale as a condition of employment.  This requirement forms part of fit and proper assessment for Senior Management and Certification regime certification. 

This role falls in scope of the Certification Functions subject to the Senior Manager and Certification Regime, your ongoing employment is conditional upon you being deemed a fit and proper person and maintaining your certification