Funding Manager

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Job Title: Funding Manager

Contract Type: Permanent

Location: London

Working style: Hybrid 50% home/office based

Closing date: 10th December 2024

We are looking for a Funding Manager to support the Head of Funding by taking responsibility for key functions within the Funding Team within Group Treasury, which ultimately sets and implements the funding strategy for the Group.

You will be involved in managing debt investor relationships to ensure engagement is optimised to facilitate any future bond issuances; managing relationships with banks, to ensure commercial, beneficial terms are available and that our arrangements remain optimal; engaging with rating agencies, ensuring a positive and accurate view of Royal London's business is reflected in credit ratings; and managing the debt programme, including the issuance of any new debt.

Working as part of a small and collaborative team, you will gain exposure to many important aspects of Treasury management.

About the role

• Update and monitor the Treasury Funding Framework, producing regular reporting, analysis, and forecasts on key balance sheet metrics from a regulatory, investor and rating agency standpoint, including:
  • debt capacity
  • leverage
  • interest cover
• Take primary responsibility for the creation, maintenance, and monitoring of rating agency capital models, to ensure that the impact on Royal London's funding plans is understood.
• Support Head of Funding in managing relationships with rating agencies on behalf of Royal London.
• Support Head of Funding in managing relationships with banks on behalf of Royal London, working closely with RLAM; and in engaging with current and potential suppliers of capital and liquidity to ensure a strong knowledge of the market.
• Work with other Funding Team members in managing relationships with bond investors on behalf of Royal London, responding quickly and accurately to investor queries and helping to ensure that a programme of regular investor engagement is in place.
• Monitor debt market conditions, significant market developments, Royal London debt prices etc and produce updates and analysis for senior management.
• Have input to managing the Funding risks faced in Treasury, managing the control framework, and implementing and embedding all elements of the Risk Management System (RMS).

About you

• Experience of key aspects of Treasury management, including funding strategy and related data.
• Knowledge and experience of funding and debt capital markets, preferably within the Banking / Insurance sector.
• Knowledge and experience of rating agency capital models and insurance regulatory capital.

• Treasury qualification ideal, or CFA, Securities qualification, or equivalent.
• Strong collaborative team member.

About Royal London

We're the UK's largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits

Inclusion, diversity and belonging

We're an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.