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Screening and Stewardship Manager

Please Note: The application deadline for this post has now passed.

Overview

You will be a core member of the Engagement Team for the Church Commissioners and Church of England Pensions Board with combined AUM over £10 BillionYour role will be to provide stewardship capabilities, analytical and research capacity to the team.

Although a small team our work has high impact and we play an active role in various key investor networks including PRI, IIGCC (Institutional Investor Group on Climate Change), CIG (Church Investor Group).

You will be our expert on corporate governance, confident and curious about developments on corporate, social and environmental issues.

This is a dynamic team and there will be opportunities to develop and be involved with thematic and sectoral ESG research.

Key skills sought:

  • Strong time and project management skills – you will be handling a varied portfolio of projects including running our global ethical screening, managing our proxy voting systems and conducting research and engagement.
  • Technical proficiency, we are looking for excellent Excel skills for example, VLOOKUPs and pivot tables as a minimum.
  • An analytical mind that can identify trends and write succinct and impactful reports.
  • A good networker that can speak in public and collaborate with other investors in meetings with company Boards and C-suites.

Interviews will be held on the 14 November 2017

Post Introduction

The Church Commissioners for England and Church of England Pensions Board are two separate asset owners with distinct investment strategies but a common approach to engagement on ethical issues. Your role will provide technical expertise around ESG and Stewardship issues.

We have an underlying universe of over 9,500 issuers, and you will be responsible for liaising with service providers and the internal investment teams for the distribution of ethical screens, voting and engagement.

Our Benefits include :

Annual Leave

25 days per annum (This is exclusive of public holidays and additional holidays approved by your employer [Pro rata to if part-time]

Discretionary Holidays:

+3 extra days

Pension:

Non-contributory defined contribution pension scheme

Travel to Work:

Season ticket loan and cycle to work schemes

Family Friendly:

Range of policies including Childcare Vouchers

Sports and Social:

Civil service gym and social club membership available

Life/Sickness:   

Death in service and group income protection cover

Role Responsibility

1.         Proxy voting (45%)

Monitoring and analysing proxy voting recommendations provided to the CC+CEPB by their Proxy Advisor [1] under an agreed proxy voting template to ensure outcomes are consistent with ethical investment policies and objectives. Paying particular attention to ESG shareholder resolutions.

Casting votes, taking care to observe deadlines and to ensure that where companies are commonly held votes are applied identically across the two institutions.

Judging when vote recommendations under the template do not correctly reflect the NIBs’ approach and objectives, and making recommendations to investment staff on how votes should be cast instead.

Inputting into the annual review of the voting template.

Preparing regular statistical reports on, and narrative analysis of, proxy voting for the CC+CEPB.

2.         Screening (15%)

Providing oversight of the screening service provided to the CC+CEPB by the Screening Provider[2], in respect of companies within the CC+CEPB investment universe.

Responsible for the quality control and data flows from/to Screening Provider, investment staff of the CC+CEPB and investment managers (when required) as set up by agreed and strict deadlines. Supervising the production of updated screens on a quarterly basis in conformity with agreed ethical investment policies and NIBs requirements.

Monitoring changes to index constituents, responsible for verifying the validity of any changes in the eligibility of individual companies for investment, and ensuring that screening is consistent with the approach agreed.

Management of historical changes database, so that any screening change has a scrupulous audit trail.

Distributing updated quarterly screens to the relevant investment staff of the CC+CEPB by agreed deadlines.

3.         Engagement (25%)

Conducting direct corporate engagement on behalf of the CC+CEPB. Particularly, relating to our voting template, governance issues and wider engagement priorities.

Preparing analysis reports including sectoral benchmark reports and briefings to support engagement strategies and prioritization.

4.         Other (15%)

Other tasks in support of the work of the Engagement Team. In particular provision of Governance expertise support for engagements undertaken by the Head and Deputy Head of Engagement and for industry consultations.

General administration including lettering service, meetings and event support.

  1. Currently, ISS, a corporate governance analysis and proxy voting firm based in the US.  They provide a proxy voting analysis and execution service for the Church Commissioners, the Church of England Pensions Board and the CBF Church of England funds.
  2. Currently, MSIC ESG Research.

The Ideal Candidate

Essential

Education:

  • Educated to degree level or equivalent experience

Knowledge/Experience:

  • Proven experience of proxy voting with an institutional investor or service provider
  • Use of ProxyExchange or similar platform
  • Understanding of and interest in ethical and responsible investment

Skills/Aptitudes:

  • Strong analytical skills with excellent attention to detail
  • Proven project management skills, capable to work under pressure, to tight deadlines
  • Experienced in manipulating large spreadsheets (particularly using MS Excel, with proven knowledge of VLOOKUPs, pivot tables and charts as a minimum), other MS Office software and web-based applications

Personal Attributes:

  • Able to work with limited supervision
  • Strong inter-personal skills, with sound judgement and good feel for when to seek guidance or approval

Desirable

Education:

  • Relevant undergraduate or post-graduate degree (e.g. finance / corporate governance / international development)
  • Relevant professional qualification (e.g. IMC)

Knowledge/Experience:

  • Experience of ethical investment screening
  • Experience of conducting engagement in an investment role with investee companies

Personal Attributes:

  • Experience speaking in public (e.g. in an engagement meeting, roundtable, etc)
  • Excellent written skills

About Us

We in the National Church Institutions support the mission and ministries of the Church all over England. We work with parishes, dioceses (regional offices), schools, other ministries and our partners at a national and international level.

Excellence, Respect, Integrity

We follow these three values in everything we do, whether we are of Christian faith, another faith or no faith.

Benefits - We offer a competitive salary package, a flexible* 35-hour working week for work-life balance and a minimum 25 days’ holiday plus 3 defined organisational day’s leave and an attractive defined pension scheme.

We are committed to building a culturally diverse workforce and strongly encourage applications from underrepresented groups.  We are committed to equality of opportunity and welcome applications from people, regardless of their background.

*Where applicable depending on post requirements


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