Role name: Operations Graduate - Asset Operations
Application deadline: 1 st December 2026 (applications may close earlier due to demand)
Programme start date: September 2027
Eligibility: Final year students graduating in Summer 2027
Who we are:
Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £69 billion of assets under management, we secure the pensions of nearly one million people and pay out, on average, approximately £350 million in pension payments each month.
Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury’s, the Civil Aviation Authority, the Co-Operative Group, National Grid, NatWest, Morrisons and Telent.
At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.
Graduate Programme:
Our UK graduate programme is designed to kick-start careers for ambitious and analytical graduates who want to make an impact. Rothesay is built on a multi-talented, multi-disciplined model, collaborating directly and with singular focus to shape the future. Rothesay’s inclusive and collaborative working environment allows our graduates to build a broad skill-set and shape a strong internal network. We support your development journey, growth in your career, in addition to a competitive salary and tailored benefits.
The programme starts with a fundamentals week for the entire graduate cohort, where you will have in depth networking and insight sessions on Rothesay as a whole. From week two, you will join your team for professional integrated learning and start to make meaningful contributions. Throughout your first year, alongside your permanent role, you will be part of an on-site graduate development programme with both technical and business skills training. Our teams run lean, giving you excellent visibility and exposure throughout the business, and we will provide continuous training and upskilling for your future. Rothesay is a rewarding place to work, where quality people can thrive and prosper.
This opportunity is open to summer 2027 graduates who are looking to launch into their career within an entrepreneurial environment where talent can thrive and excel.
What you’ll do:
Operations is an integral part of the independent control and support structure within the first line whose key mandate is to establish and maintain an effective control environment. Robust risk management is essential for our business.
The Asset Operations is split into three areas:
Trade Support
Supporting the firms daily hedging and asset deployment strategy. Working with the Trading desks to ensure accurate booking and management of our asset portfolio, managing the firm’s bond reference data, and ensuring compliance with our swap & repo regulatory reporting obligations.
Supporting Rothesay’s day to day execution and funding activities associated with our mortgage businesses, including Riverton, our recently launched in-house mortgage lender, and strategic transactions in non UK jurisdictions including our recent acquisition of a portfolio of French home loans from HSBC
Working with Trading, Pricing and Legal teams to set up and manage the transfer of the asset premiums associated with our pension transactions
Structured Products
Work closely with all asset teams in the UK, US &…