Senior Delegated Solutions Manager (12 month Maternity cover) in London

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

Who we are

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.

Job Description

We’re recruiting for a Senior Delegated Solutions Manager to join our Delegated Solutions team, partnering with UK pension schemes and insurance clients to design, implement and manage tailored multi-asset investment strategies aligned to their long-term funding objectives. Leveraging the full breadth of L&G Asset Management's capabilities, the team delivers sophisticated, outcome-driven solutions underpinned by deep expertise in portfolio construction, risk management and asset/liability modelling. Combining strategic insight with efficient implementation, the team integrates a wide range of asset classes, including index, multi-asset, fixed income, LDI, real assets and derivatives, into bespoke portfolios that reflect each client’s unique risk profile and constraints. Through ongoing client engagement, performance monitoring and customised reporting, the team provides a holistic, end-to-end service across defined benefit, defined contribution and insurance solutions.

What you'll be doing

• Providing investment advice to DB pension scheme trustees, working closely with clients to understand requirements and deliver innovative solutions
• Conducting bespoke investment strategy analysis and risk modelling, including long-term strategy, journey planning and dynamic de-risking trigger design
• Designing and constructing portfolios, delivering detailed, scheme-specific reporting and analysis to support decision-making on investment strategy, risk and asset allocation
• Collaborating with clients and internal teams to agree and implement mandate investment guidelines
• Delivering bespoke client reporting and scheme management information in partnership with internal stakeholders
• Owning and overseeing multi-asset mandates for DB pension schemes, managing performance against liability-driven benchmarks and delegating to specialist teams across L&G Asset Management to leverage broader capabilities
• Embedding L&G Asset Management's cultural values and behaviours, promoting a "One L&G" culture and contributing to a high-performing, collaborative environment
• Supporting a strong risk and conduct culture, maintaining awareness of Consumer Duty requirements and ensuring the delivery of positive client and customer outcomes

Who we’re looking for:

• Understanding of defined benefit pension scheme investment environment, including typical risks and objectives, and experience of trustee decision-making processes
• Good knowledge and understanding of all major asset classes
• Understanding of derivatives & LDI
• Experience of working with pension scheme trustees in a consultancy/advisory context
• Interaction with clients on complex investment/risk concepts
• Experience of setting investment strategy and carrying out portfolio construction in a multi-asset framework
• Asset-liability modelling experience
• Experience of providing fiduciary management services to UK DB pension schemes desirable
• Hands-on multi-asset and/or LDI investment management experience desirable

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

Additional Information

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. 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.