Quantitative Analyst in London

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. Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

We are one of Europe’s largest asset managers and a major global investor across public and private markets. Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns. Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

We’re currently looking to hire a Quantitative Analyst to join L&G Asset Management. As Quantitative Analyst you’ll help build and maintain systems and models which support the pricing, portfolio construction, and management of derivative strategies designed to hedge risks and enhance returns for Solution mandates.

What you’ll be doing:

• Working with the Portfolio Management team to deliver robust and easily accessible analysis of all Solutions Portfolio Management under management.
• Modelling the risks of using different asset strategies in fixed income and, where appropriate, other asset classes, to match pension scheme liabilities.
• Leading development of pricing, risk, portfolio construction, and analytic tools for derivatives and derivative strategies, including databases and user interfaces developed to industry standards, e.g. using SQL, VBA, C#, Python as appropriate.
• Representing Solutions Portfolio Management through participation in IT systems projects and business process projects that affect the team and related business areas. Ensuring effective utilisation of enhanced data, analytic, risk engine, and portfolio management capabilities.
• Collaborating with associated teams (e.g. collateral management/margining; derivative pricing) to ensure new operational/business processes are implemented in the most effective and efficient way.
• Ensure relevant instruments are priced and analysed in line with market conventions and methods and can be reported on appropriately. To include evaluating actual and potential collateral use where products are collateralised or margined. Ensuring that any actions taken with respect to managing client portfolios are in accordance with L&G Asset Management’s Treating Customers Fairly policy.

Who we’re looking for:

• Strong academic/professional qualifications background and/or experience gained in similar positions. Master’s or PhD in quantitative discipline desirable.
• Knowledge of risk management instruments, including gilts, credit, interest rate & inflation swaps, gilt repos, gilt total return swaps, swaptions, equity options, equity futures & TRS and FX forwards.
• Interest in the markets as it relates to pension schemes, insurance portfolios, and to de-risking.
• High degree of proficiency with IT & programming skills. Familiarity with LLM-supported coding desirable.
• Understanding of successful design, implementation, and on-going management of risk management strategies for clients.
• Building and maintaining models for pricing, portfolio construction, and management of derivative strategies designed to hedge risks and enhance returns.
• Ability to engage with the Portfolio Managers and other stakeholders, to work independently, and be proactive in suggesting improvements to existing 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.
• 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 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.

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 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.