At a Glance
- Tasks: Lead oversight of 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 plan.
- 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 bond investments preferred.
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 / Portfolio 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 / Portfolio Manager (Part-time) in London
✨Connect with Campus Reps
If you're looking for part-time work in banking, try to connect with your university's career services and campus representatives from banks. They often host recruitment events or provide exclusive job listings, which can give you a leg up in the application process.
✨Get Involved in Financial Societies
Join finance or investment clubs at your university. These societies not only provide fantastic networking opportunities but also often collaborate with financial institutions for internships or part-time roles, making it easier for us to land those positions.
✨Use LinkedIn for Hidden Gems
Keep an eye on LinkedIn for part-time opportunities at banks, specifically targeting roles like customer service or administrative support. Companies like Legal and General often post openings there first, so be on the lookout and don’t forget to engage with their content!
✨Showcase Your Skills Directly
When applying for a part-time role, consider creating a simple portfolio that highlights your finance-related skills or projects. Whether it's a personal finance blog, a financial analysis you've done, or any relevant coursework, having this ready can impress hiring managers at Legal and General.
We think you need these skills to ace Investment / Portfolio Manager (Part-time) in London
Some tips for your application 🫡
Show Off Your Numbers Game:In the banking and financial services world, it's all about numbers. Highlight any relevant coursework, grades, or certifications, like AAT or CFA, on your CV. If you can point to specific projects or tasks where you managed finances or analysed data, that's a big plus!
Tailor Your Cover Letter to Us:When writing your cover letter, don’t just reiterate your CV. Tell us why you want to work at Legal and General and how this part-time role fits into your career goals. Map your skills and experiences directly to the job spec, and don’t forget to weave in any technical skills you have, like experience with financial software!
Marry Experience with Availability:Since this is part-time, it’s super important to state your availability clearly in your application. Highlight any previous work experience, even if it's not directly in finance, that shows your reliability and ability to juggle various commitments. Flexibility can be a real asset!
Keep It Professional Yet Personal:While you want to keep a professional tone, don’t be afraid to inject a bit of your personality into your application. Especially for a part-time role, we’re looking for someone who's not just skilled but also a good fit for the team at Legal and General. A little light-heartedness can go a long way!
How to prepare for a job interview at Legal and General
✨Brush Up on Your Numbers
For a role in banking and financial services, you’ll likely encounter numerical tests that gauge your analytical skills. So, let’s whip out those maths skills! Practise mental arithmetic and get comfy with basic financial concepts; this'll really help you shine during the assessment stages.
✨Know Your Financial Products
Knowing your stuff about the various financial products and services is crucial. Be prepared to discuss topics like loans, mortgages, investment funds, and credit options. Having a finger on the pulse of current market trends and economic events can also give you an edge—the interviewers will appreciate your insight!
✨Flexibility and Commitment are Key
Since you're aiming for a part-time position, emphasise your flexibility and willingness to commit your time effectively. Highlight your ability to balance studies or other commitments while delivering results at work. This kind of attitude can set you apart from the competition.
✨Showcase Your Portfolio of Experience
Even though it’s a part-time role, companies want to see your motivation and past experience. Bring examples of relevant projects or roles, including internships or coursework that demonstrate your understanding and passion for banking and finance. The more tangible your examples, the more convincing you’ll be!
