Portfolio Director

At Rathbones, our purpose is to help more people invest their money well, so they can live well.

We are one of the UK’s leading providers of wealth management, investment management, financial planning and asset management services. We work with individuals and families, charities, trustees, financial advisers and other professional partners to help them make confident decisions about money and investments.

Our advisers take the time to understand each client’s goals, values and circumstances. Together, we create a personalised approach designed to manage, preserve and grow their wealth over the long term.

Our services include discretionary investment management, financial planning, fund and asset management, tax planning, trust and company management, and specialist responsible investment services through Rathbone Greenbank Investments. We also work with financial advisers to help them deliver positive outcomes for their clients.

With roots dating back to 1742, Rathbones has been trusted for generations. Today, we manage £120.7 billion of client assets*, supported by more than 700 investment professionals across 21 offices in the UK and Channel Islands.

Rathbones Group Plc is a FTSE 250-listed company.

*Figures as at 30 June 2026.

Role title: Portfolio Director (Team Head)

Division: RIM

Location: Glasgow

Reporting to: Head of Discretionary Portfolio Management

Contract: Permanent

Purpose

Being a senior member of a dedicated Portfolio Management team, constructing, managing and monitoring investment portfolios for a diverse, varied and often complex client base (individuals, institutions and funds) to achieve financial goals whilst balancing risk and return.

Collaborate, work in partnership and where required lead engagement with the investment management teams to ensure desired client outcomes are met.

Be a leadership presence within the portfolio management team and have strong networks across the Wealth business.

Portfolio Director marks significant progression from the Manager role, with increased autonomy, strategic input, and commercial awareness and impact. This role will have additional accountability

that could range from people management / project lead / SME accountabilities.

Role duties & responsibilities

Investment Strategy, Portfolio Construction and Technical Expertise

• Using systems, tools and knowledge to define and implement investment strategies based on

clients’ risk tolerance, financial goals and investment horizons.

• Ensure investment portfolios aligned with client objectives and market conditions.
• Within Rathbones portfolio management strategy, select specific assets and determine the

optimal asset allocation to build the portfolio.

• Thorough understanding of Rathbones investment process, conduct additional research and

analysis to support the more complex client requirements, ensuring robust investment opinion is

shared.

• Maintain strong understanding of Rathbones proposition, commercial awareness of the wider

market and clear knowledge of the regulatory framework.

• Build a working knowledge of the Front Office Process Guides and Operating Model Summary and

Investment Risk procedures.

Market and Performance Monitoring

• Continuously monitor financial markets, economic trends and geopolitical events to ensure

informed investment recommendations can be made.

• Track the performance of aligned portfolios and recommend / make adjustments as needed (such

as rebalancing to maintain the desired asset allocation).

• Where properly communicated by investment managers, make appropriate adjustments to the

management of a portfolio to reflect a client-directed bespoke requirement, where still deliverable

within the client's current risk profile.

Risk Management

• Identify, assess and manage risks associated with investments.
• Possess a working knowledge of the Front Office Process Guides and Operating Model Summary

and Investment Risk procedures.

• Use performance and health check data to assess portfolio risks and take action to manage

accordingly.

Client Engagement

• Partnering effectively with IMs where PM input required in support of client meetings and client

relations.

• Active involvement in client facing projects and presentations.
• Ability to clearly explain investment strategies, performance and recommendations to clients and

in partnership with the IM teams.

Business Performance & Growth

• Deliver strong, consistent, risk-adjusted investment performance, aligned to the central Rathbones

investment philosophy.

• Contribution shown towards the growth, retention or defense of the client book.
• Demonstrate commercial awareness and contribute to the firm’s growth initiatives.

Team Contribution & Leadership

• Mentor and support junior team members, sharing expertise and fostering development.
• Actively participate in internal forums and be prepared to contribute and or lead committees and

business projects as required.

• Promote a collaborative culture and uphold the firm’s values and standards.

Skills and knowledge

• Strong knowledge of quantitative methods, financial maths, statistics, and economics.
• Proven track record of strong research and analytical skills, paired with a deep understanding of asset classes and how to apply those

skills and learning within the context of the Rathbones investment process.

• Able to apply portfolio construction theory, along with valuation and pricing techniques to ensure good client outcomes.
• Actively manage a large book of diverse and or complex client portfolios to a very high standard, aligned to appropriate models, using

internal systems and approved PM tools to ensure accuracy and effective operational scalability.

• Contribute to discussions around portfolio construction, generating ideas and providing objective challenge, in a collaborative

manner.

• Ability to take personal responsibility, exhibit good judgement and to consult with others on more complex portfolio situations.
• Line management / Leadership skills.
• Demonstrate collaborative behaviors within portfolio management team and across the wealth business.
• Active listening and adaptability.
• Commitment to continuous improvement and feedback.

Professional experience and qualifications (where necessary)

• Significant experience of managing portfolios at scale and complexity.
• Demonstrated excellence in client service and proven contribution to business performance.
• Level 7 qualification CWM or CFA (CWM preferred)
• Experience in client administration and regulatory compliance

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. Find out more about the Government Scheme online, click here. If you require adjustments to apply for a role at Rathbones, please contact us via [email protected] 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.