Senior Product Developer - Private Markets

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Company Description

Legal & General is one of Europe's largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us - from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers - which include individual savers, pension scheme members and global institutions - and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Job Description

The Product team sits within the SPM department, responsible for the end-to-end product lifecycle management of the Asset Management product ranges in support of the SPM's purpose.

The Strategic Projects team is a sub-team of Product, responsible, amongst other things, for all aspects of product strategy & development and ongoing product management of Asset Management's private markets funds and products, working across a range of alternative investment capabilities across business divisions including Real Estate, Private Credit, Infrastructure, Venture Capital and Private Equity. Their purpose is to design, deliver and manage a client-centric offering, enable achievement of Asset Management's overall commercial strategy, and to ensure Asset Management's product activity is in line with regulatory standards and internal Product Process.

What you'll be doing:

• Product design and delivery. With limited oversight, manage the design and delivery of product initiatives to agreed timescales and budgets such that the needs and expectations of customer groups are met, they comply with regulations, mitigate any potential operational and legal risk exposure of the business, treat customers fairly and align with corporate strategy. Keep key stakeholders aware of progress and highlighting matters for resolution as appropriate. Ensure the Product Process Manual and Product Lifecycle Management process are followed, and project management tool kit deployed
• Project management. Scope and design product changes or launches, using effective project management tools to identify and document key milestones and deliverables, capture actions and issues, run working groups and testing. Identify all risks that may impact successful delivery and manage or mitigate them, escalating as required. Coordinate SMEs across the business to ensure active engagement on projects or identify where resourcing is required
• Product governance and compliance. Ensure ongoing use and compliance with Product policies and procedures. Ensure personal adherence to compliance, governance and risk policies and frameworks such that Product activities are carried out consistently with business ethics, values and stakeholder requirements at defined levels of risk. Ensure an ongoing awareness of regulatory-required product governance rules and how they apply to the activities being undertaken
• Product reviews. Adhere to the processes in place to regularly assess management and delivery of product risk, fund and thematic reviews. Use existing arrangements, whilst also identifying and implementing process improvements, to review on an ongoing basis the benefits realisation of funds following their launch including continued meeting of customer needs. Identify opportunities for fund enhancements or where funds should be closed or merged and plan for this activity. Ensure these are completed in line with the Product Process Manual and with due regard to Product Lifecycle Management
• Product technical support. As a fund domicile / vehicle / platform / asset class or change owner, direct and deliver product technical support on matters such as regulation, tax, customer channels, registrations, disclosures and operational items on both an on-going and project basis to manage existing products to meet the needs of customers
• Operational engagement. Ensure all relevant operational areas are both involved in decision making processes around new product launches and informed in advance of new initiatives. Coordinate operational teams as part of scoping, delivery and implementation, and ensure effective engagement with key service providers supporting the product activity. Escalate resourcing challenges, lack of engagement or skills / knowledge gaps to the relevant Product sub-team head. Participate in operational forums
• Competitors and industry. Review analysis of customer, industry and regulatory activity to assess where strategic new fund launches or strategic fund changes are required to inform proposition design and deliver enhancements, developments and changes to the product offering
• Relationship building. Develop close working relationships with key stakeholders of counterparts throughout the business to resolve barriers to the successful achievement of agreed projects. Build strong relationships with key contacts at service providers
• Regulatory and product knowledge. Acquire, maintain and share a broad knowledge of the products and private markets product structures and the application of regulatory guidelines to product governance arrangements, keeping abreast of changes and developments and being able to discuss these in an informed manner

Qualifications

Who we're looking for:

• Degree qualified or equivalent required
• Professional qualifications in relation to the role such as IMC, CFA, CAIA or similar highly desirable
• PRINCE2, Agile or another project management accreditation desirable
• Detailed knowledge of the international asset management industry including investor types, distributional channels, the competitor landscape and an excellent technical knowledge of private markets products is essential
• A strong understanding of private markets regulation (in particular AIFMD) and strong technical knowledge of pooled private markets product structures across a range of domiciles and jurisdictions including UK and Luxembourg
• Experience in private markets product strategy, development and management
• Previous experience in design, build and implementation of private markets funds in a variety of domiciles
• Product life cycle management
• Experience in stakeholder engagement; ability to influence and engage across key stakeholders
• Experience in project management
• Demonstrates high attention to detail and seeks continual improvement and efficiency in delivery of processes

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
• Private medical insurance (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
• There are the many discounts we offer - both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming 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 strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.

Videos To Watch
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