At a Glance
- Tasks: Oversee sovereign investments and contribute to Tactical Asset Allocation strategies.
- Company: Join Legal & General, a leading UK financial services group with a global impact.
- Benefits: Enjoy competitive pay, generous holidays, healthcare, and a performance-related bonus.
- Other info: Flexible working options available, including part-time and job shares.
- Why this job: Make a real difference in financial futures while developing your career in a supportive environment.
- Qualifications: Strong quantitative skills and experience in sovereign bonds or interest rate derivatives.
The predicted salary is between 60750 - 74250 £ per year.
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. 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
We're currently recruiting for an Investment Manager - TAA and Sovereigns to join our Institutional Retirement Investments team at L&G. The Tactical Asset Allocation (TAA), Sovereigns and Portfolio Oversight team has responsibility for monitoring, steering and overseeing exposures and flows across asset classes in the matching portfolio, including cross-asset trading and associated portfolio optimisation opportunities. For sovereign bonds and related interest rate products, this responsibility extends to oversight of the investment mandate. This role has a primary responsibility of sovereigns investments oversight and is also expected to contribute to TAA activities. The role holder will develop expertise in the sovereigns investment strategy and how this contributes to the overall portfolio. They will be expected to lead oversight of the mandate, defining risk appetites and developing strategic initiatives to support Institutional Retirement's investments in this asset class.
What you'll be doing:
- Leading oversight of the sovereigns mandate, defining risk appetites and objectives, assessing performance and driving initiatives to enhance the investment framework, processes, opportunity set and portfolio diversification.
- Contributing to the development of Tactical Asset Allocation, cross‐asset trading activities and associated portfolio management opportunities, assessing relative value across asset classes and proposing optimisation opportunities.
- Monitoring exposures within sovereign portfolios and providing challenge and guidance to portfolio managers based on risk appetites, market developments, portfolio changes, trade execution and liquidity considerations.
- Creating and maintaining key risk and performance metrics and tools to assess the sovereigns portfolio.
- Building relationships and collaborating with key stakeholders, including Institutional Retirement Investments ALM teams and Asset Management as investment managers for sovereign exposures and related derivatives.
- Drafting and presenting governance papers and engaging with stakeholders across the group to support sovereigns portfolio management and TAA activities.
- Collaborating with ALM, Asset Management, Investment Operations, Investment Strategy and Finance to improve portfolio analytics and availability of timely MI to support portfolio management and tactical optimisation.
- Operating within mandates and risk limits and embedding Conduct Risk and Consumer Duty principles to ensure strong customer outcomes.
Qualifications
Who we're looking for:
- Strong quantitative skills demonstrated through a quantitative degree, postgraduate qualification or equivalent experience (CFA or equivalent preferred).
- Deep understanding of sovereign bonds, interest rate derivatives and risk analysis, ideally within an insurance ALM environment.
- Knowledge of insurance balance sheet management, regulatory frameworks and capital and profit reporting regimes (desirable).
- Experience managing or overseeing sovereign bond investments and interest rate derivatives, with a track record of contributing to asset allocation or portfolio management decisions.
- Familiarity with portfolio analysis, portfolio management and asset allocation concepts.
- Experience working within an insurance or liability‐driven investment context and exposure to governance and risk management processes.
- Strong communication and stakeholder‐management skills with the ability to collaborate effectively across teams.
- A leadership mindset demonstrated through mentoring, knowledge sharing and supporting collaborative team development.
Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. 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.
Additional Information
At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 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. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.
Investment Manager (Part Time) in London employer: Legal and General
Legal & General (L&G) is an exceptional employer that prioritises employee growth and well-being, offering a collaborative work culture where innovation thrives. As a Senior Azure Platform Engineer, you'll have the opportunity to work with cutting-edge technologies in a supportive environment that values flexibility and personal development, ensuring you can achieve both professional and personal goals while contributing to meaningful financial solutions for millions of customers.
StudySmarter Expert Advice🤫
We think this is how you could land Investment Manager (Part Time) in London
✨Join Investment Clubs
Getting involved in local or university investment clubs can be a game-changer. Not only do you get to sharpen your analytic skills, but you'll also rub shoulders with like-minded enthusiasts who might point you towards part-time roles in firms like Legal and General.
✨Engage with Industry Events
Make sure to keep an eye on finance seminars, webinars, and networking events. These gatherings can lead to valuable connections with professionals in asset management, and you might even hear about part-time opportunities before they’re advertised. Plus, there's nothing like a face-to-face chat to stand out!
✨Use Your Contacts Wisely
Don’t be shy about reaching out to your professors or mentors who have connections in the investment world. They can hook you up with part-time gigs or recommend you to firms like Legal and General that are on the lookout for eager talent.
✨Apply Directly Through Our Website
When you spot that part-time role you fancy at Legal and General, don't hesitate—hit us up through our official site. Make your application stand out by tailoring your cover letter to highlight why you're the perfect fit for asset management. We want to hear from you!
We think you need these skills to ace Investment Manager (Part Time) in London
Some tips for your application 🫡
Show Off Your Numbers Game:In the investment and asset management field, it's all about the numbers. Make sure your CV showcases any relevant academic achievements, such as your grades in finance or economics, or any certifications you hold like CFA or CAIA, if applicable. Don't be shy—quantify your achievements wherever you can!
Highlight Relevant Experience:For a part-time role, employers will look for flexibility and experience. If you've done internships or projects related to investments, be sure to spotlight them. Discuss what you learned and how you can apply that knowledge at Legal and General. Show us you’ve got the practical skills to back up your theoretical knowledge!
Tailor Your Cover Letter:When crafting your cover letter, connect your passion for investment asset management with what Legal and General does. Mention why you're interested in a part-time role specifically—like wanting to gain hands-on experience or balance studies with practical work. This will help us see your genuine interest and motivation!
Keep It Concise and Relevant:In the finance industry, clarity is key. Ensure all the information you provide in your application is relevant and succinct. Avoid fluff and focus on what makes you a fit for the part-time role. Remember, we want to see your brightest strengths right off the bat when you apply through our website!
How to prepare for a job interview at Legal and General
✨Brush Up on Financial Analysis Skills
For a part-time role in investment asset management, it'll be super helpful to showcase your financial analysis skills. Expect to discuss your familiarity with financial modelling or portfolio analysis—be prepared for real-world scenarios to assess your thought process and decision-making.
✨Know Your Investment Strategies
Make sure you’re well-versed in various investment strategies and methodologies. You might get quizzed on your understanding of different asset classes or approaches like value investing versus growth investing, so come ready to discuss what you think works best in today’s market.
✨Convey Your Flexibility and Commitment
Since this is a part-time gig, be ready to chat about how you can balance your responsibilities while still making a significant impact. Companies often want to know that you can manage your time effectively, so share examples of how you’ve done this in the past!
✨Demonstrate a Passion for Learning
Showing enthusiasm for learning about investments can set you apart as a candidate. Discuss any relevant courses, certifications, or even books you've read recently that keep you updated on industry trends, as it reflects your commitment to growth in asset management.
