Graduate Programme - Liquid Credit Risk bei Rothesay Graduates

Role name: Graduate – Liquid Credit Risk 

Application deadline:  November 2025

Programme start date:  September 2026

Eligibility:  Final year students graduating in Summer 2026

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 offering a competitive salary and tailored benefits.

Our 2 year* 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.  Regular reviews will take place to support your learning and development with a formal assessment towards the end of the programme.

This opportunity is open to summer 2026 graduates who are looking to launch into their career within an entrepreneurial environment where talent can thrive and excel.

Team overview – Rothesay’s Chief Risk Officer has a team which includes the Chief Actuary and Heads of Market Risk, Liquid Credit Risk and Primary Credit Risk. The Liquid Credit Risk team is focused primarily on the externally rated exposure within the asset portfolio, and responsibilities include credit analysis, portfolio analysis, deal review and approval, limits and exposures management and surveillance. This role will support the successful portfolio management of credit risks within Rothesay across US and European investment grade corporates, European Utilities and Infrastructure, and potentially other sectors. Main responsibilities will include credit analysis and reporting on a day-to-day basis.

Job Responsibilities: 

• Assisting in fundamental credit analysis of issuers across the US and European investment grade corporate debt sectors, with potential for further expansion into other asset classes. Developing and maintaining a good understanding of their revenue streams, business models, the markets in which they operate and the potential impact of market events on their credit profiles.
• Monitoring compliance with portfolio investment limits, including ensuring assigned limits remain appropriate and commensurate with Rothesay’s risk appetite.
• Understanding the implications of ongoing enhancements to the rating agencies' criteria and methodologies to assess ESG risk in Rothesay’s portfolio.

 Skills and experience required: 

• A self-starting, proactive attitude. Rothesay operates a flat, meritocratic working environment. Candidates need to be comfortable operating autonomously and demonstrate the ability to form effective relationships and achieve influence at the most senior levels within the organization.
• Intellectual curiosity combined with an ability to work in a dynamic team environment.
• Undergraduate, preferably holding a degree in a numerical/economic/finance discipline.
• Strong analytical skills and attention to detail with a high level of proficiency in Excel and excellent financial modelling skills.

Rothesay competencies:

• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skills
• Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
• Teamwork – Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
• Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations

Disclaimer This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.

Inclusion Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.

The collection of applicant diversity data allows Rothesay to map and gain insights into the impact of our DEI strategy for talent attraction. This data is anonymised and is not analysed against individual applications. By requesting mapping our applicants’ demographic profiles, we can identify the under-represented groups. This enables us to identify any barriers to increasing our diversity and take action.