Market Risk Manager

Legal & General (L&G) is a leading UK financial services group and major global investor. We have been safeguarding people's financial futures since 1836, striving 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, UK and US life insurance, and UK workplace pensions and retirement income.

We are recruiting for a Market Risk Manager to join our Group Risk team. This role involves providing oversight of Market, Asset and Liability Management (ALM), and Liquidity Risks, including interest rate, inflation, and liquidity management for the Group and Divisional business units. You will play a crucial role in advising, reviewing, and optimising key risk metrics related to ALM and Liquidity, which impact both the Group and Divisional strategies of L&G. This is a hybrid working opportunity, allowing you to work flexibly between our London Offices and your home.

What you'll be doing:

• Providing analysis of risk impacts on the Group balance sheet and divisional investment portfolios.
• Supporting management of derivative liquidity risk, including developing liquidity management strategy, risk frameworks, MI and reporting.
• Providing market risk analysis to support risk opinions on new asset classes, including structured investments and reinsurance transactions.
• Advising and analysing risk assessment of new Pension Risk Transfer (PRT) transactions.
• Validating relevant components of the Solvency II Internal Model, including testing assumptions, parameters and calibration.
• Providing second line oversight of investment propositions, including risk rebalancing, ALM and sovereign trades.
• Supporting local risk functions in international businesses by providing market risk oversight.
• Ensuring principles of Conduct Risk are embedded in day-to-day operations to deliver good customer outcomes.

Who we're looking for:

• Degree (or extensive experience) in a finance-related or other numerate subject is essential, with other financial qualifications (e.g. CFA, Actuary, Accountant) being advantageous.
• Experience and understanding of a range of fixed income asset types across cash and derivative markets.
• Experience of financial market analytics, including macro trend analysis, time-series analysis and asset modelling.
• Experience in oversight and management of interest rate, inflation and FX risks, particularly in relation to annuities and Pension Risk Transfer (PRT) business.
• Experience of liquidity risk including collateral and liquidity management frameworks.
• Experience working in 1st or 2nd Line investment roles would be advantageous.
• Sophisticated analytical and problem-solving skills, with the ability and confidence to challenge stakeholders and ask difficult questions to get to the root of problems.
• Strong communication skills, with the ability and confidence to challenge stakeholders positively.

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.
• At least 25 days holiday, plus public holidays, increasing to 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).
• Discounts for our own products and at a range of high street stores and online.
• Our offices are great spaces to connect and collaborate, with wellbeing at the heart.

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.