Investment Director - Structurer

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Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We've been safeguarding people's financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world's largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK's longest-running insurer.

Our Institutional Retirement business is the UK's longest-serving active bulk annuity provider.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

Job Description

Join Legal & General Retirements Institutional as we help secure the financial futures of millions of people. In this role, you'll play a key part in shaping investment strategies across sovereign assets and derivatives, contributing to long-term outcomes that matter. We're looking for someone who brings curiosity, rigour and a collaborative mindset to a team that values diverse perspectives and evidence-based decision making. If you thrive in a fast-moving market environment and enjoy solving complex challenges, we'd love to hear from you.

What you'll be doing:

• Designing and executing investment and structuring solutions across sovereign assets and derivatives including rates, FX and inflation
• Partnering with internal teams to support strategic asset allocation and new business initiatives
• Monitoring macroeconomic trends and market developments to help inform positioning and portfolio strategy
• Generating trade ideas to optimise hedging, relative value and yield outcomes across cash and derivative markets
• Building and enhancing analytical tools and models for valuation, scenario analysis and risk assessment
• Providing expert structuring insight to shape commercial decision-making and investment strategy
• Supporting governance and risk management processes across the Funding & Derivative Management team
• Embedding Conduct Risk and Consumer Duty principles in day-to-day activity to ensure good customer outcomes

Who we're looking for:

• Strong expertise in fixed income mathematics, derivatives valuation and structured product modelling
• Experience in derivatives structuring, investment management or a technical markets role within banking or the buy-side
• Ability to design, price and deliver structured investment or hedging solutions across swaps, options and sovereign markets
• Strong quantitative skills, including experience building or improving valuation and analytical frameworks
• Confidence interpreting macroeconomic trends and translating insights into actionable investment ideas
• Experience collaborating with trading, risk, legal and finance teams to deliver robust and scalable solutions
• A proactive, solutions-focused mindset with the ability to communicate complex ideas clearly
• A degree in a quantitative discipline such as mathematics, physics or a related field

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer - both for our own products and at a range of high street stores and online
• We're creating net-zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in-person experience

Qualifications

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you'll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn't matter if you don't meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.